UBS Raises PT and Estimates on O'Reilly Automotive (ORLY); Starting To Look Like The Other Guy

July 26, 2012 2:44 PM EDT Send to a Friend
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Price: $193.14 -0.23%

Rating Summary:
    10 Buy, 8 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 28 | New: 51
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UBS maintains a 'Buy' on O'Reilly Automotive (NASDAQ: ORLY) price target of $103.00 (from $101.00).

Analyst, Michael Lasser, said, "ORLY's story is changing in some ways, looking more like AutoZone (NYSE: AZO), which has prototyped the model of stable operating performance and aggressive share repurchases. During 2Q, ORLY’s comp of 2.5% comp (vs. our 2% est.) came in at the high end of its revised comp guidance of 2% - 2.5%. It offered an endorsement of the industry by noting that the key drivers of demand are intact. Notably, its 3Q outlook of a 1% to 3% comp increase is in-line with our expectation of a 2% comp. It will be important to hear about recent trends to gauge the level of conservatism."

FY12 EPS estimate raised from $4.55 to $4.65. FY13 from $5.23 to $5.44.

For an analyst ratings summary and ratings history on O'Reilly Automotive click here. For more ratings news on O'Reilly Automotive click here.

Shares of O'Reilly Automotive closed at $90.10 yesterday.


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