Apollon Wealth Management LLC Buys 62,225 Shares of O’Reilly Automotive, Inc. $ORLY

Apollon Wealth Management LLC lifted its stake in shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) by 1,367.3% during the second quarter, HoldingsChannel reports. The firm owned 66,776 shares of the specialty retailer’s stock after acquiring an additional 62,225 shares during the quarter. Apollon Wealth Management LLC’s holdings in O’Reilly Automotive were worth $6,019,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Hemington Wealth Management raised its stake 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 purchasing an additional 2,931 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake 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 purchasing an additional 23,577 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in shares of O’Reilly Automotive during the 2nd quarter worth approximately $231,000. Lester Murray Antman dba SimplyRich raised its stake in shares of O’Reilly Automotive by 1,452.3% during the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 4,005 shares of the specialty retailer’s stock worth $360,000 after purchasing an additional 3,747 shares in the last quarter. Finally, Financial Connections Group Inc. raised its stake in shares of O’Reilly Automotive by 1,400.0% during the 2nd quarter. Financial Connections Group Inc. now owns 495 shares of the specialty retailer’s stock worth $44,000 after purchasing an additional 462 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Analysts Set New Price Targets

ORLY has been the topic of a number of analyst reports. Evercore ISI upped their price objective on O’Reilly Automotive from $108.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. DA Davidson increased their price target on O’Reilly Automotive from $107.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Royal Bank Of Canada increased their price target on O’Reilly Automotive from $98.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Weiss Ratings restated a “buy (b)” rating on shares of O’Reilly Automotive in a research note on Wednesday. Finally, Guggenheim increased their price target on O’Reilly Automotive from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Two 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. According to data from MarketBeat.com, O’Reilly Automotive currently has a consensus rating of “Buy” and a consensus price target of $107.17.

Insider Transactions at O’Reilly Automotive

In other news, SVP Mark Joseph Merz sold 29,505 shares of the stock in a transaction 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 sale, the senior vice president directly owned 4,234 shares of the company’s stock, valued at approximately $415,990.50. This represents a 87.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maria Sastre sold 595 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $102.31, for a total value of $60,874.45. Following the sale, the director directly owned 15,935 shares in the company, valued at approximately $1,630,309.85. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,635 shares of company stock valued at $12,740,916. Corporate insiders own 1.01% of the company’s stock.

O’Reilly Automotive Price Performance

Shares of NASDAQ ORLY opened at $102.15 on Friday. The stock’s fifty day moving average price is $103.90 and its two-hundred day moving average price is $96.10. O’Reilly Automotive, Inc. has a one year low of $76.22 and a one year high of $108.71. The firm has a market cap of $86.67 billion, a price-to-earnings ratio of 36.52, a P/E/G ratio of 2.70 and a beta of 0.60.

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, meeting analysts’ consensus estimates of $0.78. O’Reilly Automotive had a negative return on equity of 181.53% and a net margin of 14.15%.The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same period in the prior year, the firm posted $10.55 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. O’Reilly Automotive has set its FY 2025 guidance at 2.850-2.950 EPS. On average, equities analysts anticipate that O’Reilly Automotive, Inc. will post 43.94 earnings per share for the current fiscal 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.