Tidal Investments LLC Purchases 35,716 Shares of O'Reilly Automotive, Inc. $ORLY

Key Points

• Tidal Investments increased its O'Reilly Automotive stake by 23.6% in the second quarter, adding 35,716 shares for a total of 186,919 shares valued at approximately $17.2 million.
• Institutional investors and hedge funds own about 85% of ORLY shares. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $107.24.
• O'Reilly reported quarterly revenue of $4.89 billion, up 8.1% year over year, while earnings of $0.86 per share matched estimates. Meanwhile, insiders sold 6,000 shares worth approximately $550,530 over the past 90 days.

Tidal Investments LLC raised its holdings in O'Reilly Automotive, Inc. (NASDAQ:ORLY - Free Report) by 23.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 186,919 shares of the specialty retailer's stock after buying an additional 35,716 shares during the quarter. Tidal Investments LLC's holdings in O'Reilly Automotive were worth $17,213,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ORLY. California State Teachers Retirement System lifted its stake in O'Reilly Automotive by 9,003.0% during the 2nd quarter. California State Teachers Retirement System now owns 117,184,893 shares of the specialty retailer's stock valued at $10,791,557,000 after acquiring an additional 115,897,575 shares during the period. BlackRock Inc. purchased a new position in shares of O'Reilly Automotive during the 2nd quarter valued at approximately $5,950,042,000. Norges Bank acquired a new position in O'Reilly Automotive during the fourth quarter worth $1,134,311,000. Bank of New York Mellon Corp acquired a new position in O'Reilly Automotive during the second quarter worth $1,023,936,000. Finally, Akre Capital Management LLC lifted its holdings in O'Reilly Automotive by 989.3% during the second quarter. Akre Capital Management LLC now owns 9,410,714 shares of the specialty retailer's stock valued at $848,188,000 after purchasing an additional 8,546,804 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ORLY shares. DA Davidson set a $106.00 target price on shares of O'Reilly Automotive in a research note on Friday, July 31st. Citigroup reaffirmed a "buy" rating and issued a $106.00 price target (up from $104.00) on shares of O'Reilly Automotive in a research note on Monday, August 3rd. Robert W. Baird set a $100.00 price objective on O'Reilly Automotive in a report on Friday, July 31st. Weiss Ratings lowered O'Reilly Automotive from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, August 27th. Finally, UBS Group reissued a "buy" rating on shares of O'Reilly Automotive in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $107.24.

Insider Activity at O'Reilly Automotive

In related news, Director Maria Sastre sold 2,000 shares of O'Reilly Automotive stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $91.85, for a total value of $183,700.00. Following the completion of the sale, the director owned 14,970 shares in the company, valued at approximately $1,374,994.50. This trade represents a 11.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Hendrickson sold 1,000 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $87.83, for a total value of $87,830.00. Following the transaction, the director directly owned 18,675 shares in the company, valued at approximately $1,640,225.25. The trade was a 5.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 6,000 shares of company stock worth $550,530. Company insiders own 0.77% of the company's stock.

O'Reilly Automotive Price Performance

Shares of ORLY stock opened at $85.51 on Friday. The company has a market capitalization of $69.17 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 2.14 and a beta of 0.52. The firm's 50-day moving average is $88.63 and its two-hundred day moving average is $90.37. O'Reilly Automotive, Inc. has a 12 month low of $82.59 and a 12 month high of $108.71.

O'Reilly Automotive (NASDAQ:ORLY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The specialty retailer reported $0.86 earnings per share for the quarter, meeting the consensus estimate of $0.86. The business had revenue of $4.89 billion during the quarter, compared to analysts' expectations of $4.86 billion. O'Reilly Automotive had a net margin of 14.27% and a negative return on equity of 232.45%. The business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 EPS. O'Reilly Automotive has set its FY 2026 guidance at 3.200-3.300 EPS. Sell-side analysts forecast that O'Reilly Automotive, Inc. will post 3.27 EPS for the current year.

About O'Reilly Automotive

O'Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies and accessories. The company serves do-it-yourself customers, professional service technicians and commercial garages, offering products for maintaining and repairing cars, trucks and other vehicles.

Its merchandise includes replacement parts such as brakes, filters, belts, batteries and ignition components, as well as shop equipment, tools, fluids, lighting and appearance products. O'Reilly also provides services such as parts lookup, battery testing and installation, loaner tool programs, used-oil recycling and commercial delivery to professional customers.

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