Annex Advisory Services 13F: Cuts ORLY Stake by $32M

Annex Advisory Services cut its position in O'Reilly Automotive, Inc. (NasdaqGS: ORLY) in a filing on October 16, 2026. The fund reduced its holdings by about 372,570 shares, bringing its total down to 51,088 shares valued at approximately $4.36 million. This marks an 87.9% decrease in their stake, reflecting a significant shift in their investment strategy.

What Changed in Annex Advisory Services' O'Reilly Automotive Position

Annex Advisory Services trimmed its holdings in O'Reilly Automotive, reducing its stake from 423,658 to 51,088 shares. The reduction of 372,570 shares indicates a substantial repositioning within the fund's portfolio.

Other Institutional Activity in O'Reilly Automotive

Several other funds also adjusted their positions in O'Reilly Automotive. Blackrock Inc. reduced its holdings by 599,942 shares, now holding 64,611,159 shares worth about $5.77 billion. Vanguard Capital Management LLC cut 591,244 shares, resulting in a total of 54,153,543 shares valued at approximately $4.83 billion. State Street Corporation slightly cut its position by 3,672 shares, ending with 36,716,335 shares valued at about $3.28 billion. In contrast, Invesco Ltd. increased its holdings by 325,963 shares, reaching a total of 26,613,289 shares worth around $2.38 billion.

O'Reilly Automotive, Inc. Stock Up 0.6%

As of October 16, 2026, O'Reilly Automotive shares were recently trading around $89.06. The stock's performance is relevant, especially considering the recent significant reduction in holdings by Annex Advisory Services. The stock closed at an unknown price on the filing date, limiting additional context for this trade.

Recent Earnings

O'Reilly Automotive reported trailing twelve-month (TTM) revenue of approximately $18.57 billion and an EPS of $3.15. The company's revenue growth year-over-year stands at 8.1%, and it has a net margin of 14.3%. The next earnings report is set for October 28, 2026.

Insider Buying and Selling at O'Reilly Automotive, Inc.

Several insiders sold shares of O'Reilly Automotive recently. Director Thomas T. Hendrickson sold 1,200 shares at an average price of $88.32 on May 29, 2026, totaling about $105,984. Officer Christopher Andrew Mancini sold 3,000 shares at $93.00 on August 12, 2026, worth approximately $279,000. Additionally, Director Maria Amalia Sastre sold 2,000 shares at $91.85 on the same day, totaling around $183,707. Thomas T. Hendrickson sold another 1,000 shares at $87.83 on August 28, 2026, for about $87,831.

Analysts Set New Price Targets

On July 31, 2026, TD Cowen maintained a "Buy" rating for O'Reilly Automotive with a target price of $110, down from $117. Citigroup also kept its "Buy" rating, raising its target from $104 to $106 on August 3, 2026. DA Davidson has maintained its "Buy" rating with a consistent target of $106 since September 16, 2026. Bernstein initiated coverage on September 29, 2026, with a "Market Perform" rating and a target of $94.

About O'Reilly Automotive

O'Reilly Automotive, Inc. operates as a retailer and supplier of automotive aftermarket parts, tools, and accessories across the U.S., Mexico, Canada, and Puerto Rico. This strategic position in the market is crucial, especially as consumer interest in automotive care continues to grow.

Bottom Line

It's worth monitoring O'Reilly Automotive's upcoming earnings report on October 28, 2026, for insights into its financial health amid these changing institutional positions. Keep in mind that the recent 13F filing reflects holdings as of the reporting period and may not represent current positions.