Barclays Maintains an 'Overweight/Top Pick' on O'Reilly Automotive (ORLY); Raising Estimates After Meeting with CEO/CFO

Barclays maintains an 'Overweight/Top Pick' on O'Reilly Automotive (NASDAQ: ORLY) price target of $120.00.

Analyst, Alan M. Rifkin, said, "For 2Q, we are raising our EPS estimate from $1.17 to $1.19, based on 5.5% comps, above the high-end of management's guidance for 2Q EPS of $1.13-$1.17, based on 3-5% comps. We are once again raising our 2012 EPS estimate from $4.65 to $4.67, our 2013 EPS estimate from $5.30 to $5.36 and leaving our 2014 EPS estimate unchanged at $6.10. Note our estimates include the benefits from future share buybacks, while O'Reilly's guidance does not."

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 $95.18 yesterday.

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