BMO Capital Starts O'Reilly Automotive (ORLY) at Outperform

BMO Capital analyst Tristan Thomas-Martin initiates coverage on O'Reilly Automotive (NASDAQ: ORLY) with a Outperform rating and a price target of $1,400.00.

The analyst comments: "We are initiating coverage of O'Reilly Automotive (ORLY-NSDQ) with an Outperform rating and $1,400 target price. ORLY is a relatively straightforward story, a share taker in a steadily growing but fragmented market. Another layer of the story stems from an expanding, aging, and more complex domestic car park, as well as less of an EV headwind than expected several years ago. On a company-specific level, we believe ORLY still has significant geographic white space and should be able to leverage its superior customer service to keep outperforming."

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 $1269.72 yesterday.

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