HighMark Wealth Management LLC Purchases 280 Shares of O’Reilly Automotive, Inc. $ORLY

HighMark Wealth Management LLC boosted its position in O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,400.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 300 shares of the specialty retailer’s stock after purchasing an additional 280 shares during the period. HighMark Wealth Management LLC’s holdings in O’Reilly Automotive were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Mattern Capital Management LLC lifted its stake in O’Reilly Automotive by 1,579.2% in the second quarter. Mattern Capital Management LLC now owns 5,961 shares of the specialty retailer’s stock worth $537,000 after purchasing an additional 5,606 shares during the last quarter. Cromwell Holdings LLC lifted its stake in O’Reilly Automotive by 1,400.0% in the second quarter. Cromwell Holdings LLC now owns 2,730 shares of the specialty retailer’s stock worth $246,000 after purchasing an additional 2,548 shares during the last quarter. Ashton Thomas Securities LLC lifted its stake in O’Reilly Automotive by 1,383.1% in the second quarter. Ashton Thomas Securities LLC now owns 11,820 shares of the specialty retailer’s stock worth $1,065,000 after purchasing an additional 11,023 shares during the last quarter. Triad Wealth Partners LLC lifted its stake in O’Reilly Automotive by 1,510.2% in the second quarter. Triad Wealth Partners LLC now owns 5,040 shares of the specialty retailer’s stock worth $454,000 after purchasing an additional 4,727 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in O’Reilly Automotive by 1,487.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 339,334 shares of the specialty retailer’s stock worth $30,584,000 after purchasing an additional 317,952 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ORLY. Argus began 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 objective for the company. Guggenheim raised their price objective on shares of O’Reilly Automotive from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Wolfe Research started coverage on shares of O’Reilly Automotive in a research note on Thursday, September 18th. They issued an “outperform” rating and a $121.00 price objective for the company. Citigroup lifted their price target on shares of O’Reilly Automotive from $104.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, BMO Capital Markets lifted their price target on shares of O’Reilly Automotive from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $107.17.

Insider Buying and Selling at O’Reilly Automotive

In related news, SVP Carl David Wilbanks sold 88,485 shares of the business’s stock in a transaction that occurred on 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 owned 10,305 shares of the company’s stock, valued at $1,056,674.70. The trade was a 89.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mark Joseph Merz sold 29,505 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $98.25, for a total transaction of $2,898,866.25. Following the completion of the transaction, the senior vice president directly owned 4,234 shares of the company’s stock, valued at $415,990.50. This trade represents a 87.45% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,635 shares of company stock worth $12,740,916. 1.01% of the stock is currently owned by corporate insiders.

O’Reilly Automotive Stock Performance

O’Reilly Automotive stock opened at $104.97 on Friday. The company has a market capitalization of $89.07 billion, a PE ratio of 37.53, a P/E/G ratio of 2.79 and a beta of 0.60. O’Reilly Automotive, Inc. has a fifty-two week low of $75.93 and a fifty-two week high of $108.71. The company has a 50 day moving average price of $103.46 and a 200-day moving average price of $95.57.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.54 billion. O’Reilly Automotive had a net margin of 14.15% and a negative return on equity of 181.53%. O’Reilly Automotive’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.55 earnings per share. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, analysts forecast that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current year.

O’Reilly Automotive Company Profile

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.