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
Get Alerts ORLY Hot Sheet
Price: $155.18 --0%

Rating Summary:
    11 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 2
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.

You May Also Be Interested In

Related Categories

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

Related Entities


Add Your Comment