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

July 26, 2012 2:44 PM EDT
Get Alerts ORLY Hot Sheet
Price: $264.99 --0%

Rating Summary:
    18 Buy, 9 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 6 | Down: 9 | New: 6
Trade ORLY Now!
Join SI Premium – FREE
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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities


Add Your Comment