UBS Maintains a 'Buy' on O'Reilly Automotive (ORLY); This Vehicle Isn’t Slowing Down

UBS maintains a 'Buy' on O'Reilly Automotive (NASDAQ: ORLY) price target raised from $75 to $82.

UBS analyst says, "Strong all-around results from a reliable retailer: At a time when so much in the market and the economy is uncertain, we see ORLY as a source of reliability and as a place to deploy capital in a secular story that we believe should continue for an extended period. This quarter, O’Reilly reported strong all-around results with EPS of $1.10 that beat our and the consensus estimate of $1.00."

"We are raising our CY’11 EPS estimate to $3.72 from $3.61 and our CY’12 EPS estimate to $4.45 form $4.25, based on the strong results indicating that the company has not seen any slowdown. Also, we are introducing our CY’13 EPS estimate of $5.05."

For more ratings news on O'Reilly Automotive click here and for the rating history of O'Reilly Automotive click here.

Shares of O'Reilly Automotive closed at $70.20 yesterday.

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