UBS Raises PT and Estimates on O'Reilly Automotive (ORLY); Gross Margin Story Is In Full Gear
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Price: $91.05 -1.65%
Rating Summary:
27 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
27 Buy, 15 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on O'Reilly Automotive (NASDAQ: ORLY) price target raised from $108 to $112.
Analyst, Michael Lasser, said, "The strong report was highlighted by a 7.4% comp increase (with a 130 bps benefit from the extra day due to leap year) vs. our 5% est. Remarkably, this marked the 9th quarter in a row that ORLY’s 2-year avg. comp tracked north of 6%. The coompany's commentary indicates that the 1Q’12 increase was due to balanced growth between legacy and CSK markets. We wouldn’t read too much into ORLY’s 2Q’12 outlook of a 3-5% comp increase as the company typically guides conservatively."
UBS raises FY12 EPS estimate from $4.56 to $4.65 and FY13 from $5.20 to $5.35.
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 $96.62 yesterday.
Analyst, Michael Lasser, said, "The strong report was highlighted by a 7.4% comp increase (with a 130 bps benefit from the extra day due to leap year) vs. our 5% est. Remarkably, this marked the 9th quarter in a row that ORLY’s 2-year avg. comp tracked north of 6%. The coompany's commentary indicates that the 1Q’12 increase was due to balanced growth between legacy and CSK markets. We wouldn’t read too much into ORLY’s 2Q’12 outlook of a 3-5% comp increase as the company typically guides conservatively."
UBS raises FY12 EPS estimate from $4.56 to $4.65 and FY13 from $5.20 to $5.35.
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 $96.62 yesterday.
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