waypoint wealth counsel Has $352,000 Stock Position in O'Reilly Automotive, Inc. $ORLY

Key Points

• Waypoint Wealth Counsel significantly increased its stake in O'Reilly Automotive by 1,337.5% during Q2, bringing its holdings to a total value of $352,000.
• Several large institutional investors, including Apollon Wealth Management and Fifth Third Wealth Advisors, also reported substantial increases in their stakes in O'Reilly Automotive, indicating strong institutional interest.
• O'Reilly Automotive's stock has seen an average price target of $107.17 from analysts, with several upgrading the company's rating and target price in recent months.

waypoint wealth counsel lifted its stake in shares of O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 1,337.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,910 shares of the specialty retailer's stock after purchasing an additional 3,638 shares during the quarter. waypoint wealth counsel's holdings in O'Reilly Automotive were worth $352,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Apollon Wealth Management LLC grew its stake in O'Reilly Automotive by 1,367.3% during the second quarter. Apollon Wealth Management LLC now owns 66,776 shares of the specialty retailer's stock worth $6,019,000 after buying an additional 62,225 shares in the last quarter. Hemington Wealth Management boosted its position in shares of O'Reilly Automotive by 1,415.9% during the 2nd quarter. Hemington Wealth Management now owns 3,138 shares of the specialty retailer's stock worth $282,000 after acquiring an additional 2,931 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of O'Reilly Automotive by 1,533.0% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 25,115 shares of the specialty retailer's stock worth $2,264,000 after acquiring an additional 23,577 shares in the last quarter. Richardson Financial Services Inc. acquired a new stake in shares of O'Reilly Automotive during the 2nd quarter worth approximately $231,000. Finally, Lester Murray Antman dba SimplyRich boosted its holdings in shares of O'Reilly Automotive by 1,452.3% in the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 4,005 shares of the specialty retailer's stock valued at $360,000 after purchasing an additional 3,747 shares in the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Mark Joseph Merz sold 29,505 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $98.25, for a total value of $2,898,866.25. Following the transaction, the senior vice president owned 4,234 shares in the company, valued at $415,990.50. The trade was a 87.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Carl David Wilbanks sold 88,485 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $102.54, for a total value of $9,073,251.90. Following the completion of the transaction, the senior vice president directly owned 10,305 shares in the company, valued at $1,056,674.70. This represents a 89.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 125,635 shares of company stock worth $12,740,916 in the last three months. Corporate insiders own 1.01% of the company's stock.

O'Reilly Automotive Stock Performance

Shares of NASDAQ:ORLY opened at $102.15 on Friday. The firm has a market cap of $86.67 billion, a PE ratio of 36.52, a price-to-earnings-growth ratio of 2.70 and a beta of 0.60. The firm's fifty day moving average is $103.90 and its 200-day moving average is $96.10. O'Reilly Automotive, Inc. has a 52 week low of $76.22 and a 52 week high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.54 billion. O'Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $10.55 EPS. O'Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. Sell-side analysts forecast that O'Reilly Automotive, Inc. will post 43.94 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ORLY shares. Royal Bank Of Canada raised their target price on O'Reilly Automotive from $98.00 to $104.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Wells Fargo & Company raised their price objective on O'Reilly Automotive from $103.00 to $105.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Argus initiated coverage on shares of O'Reilly Automotive in a research note on Wednesday, August 13th. They issued a "buy" rating and a $120.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of O'Reilly Automotive from $101.00 to $113.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Truist Financial raised their target price on shares of O'Reilly Automotive from $103.00 to $109.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $107.17.

About O'Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.

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