DA Davidson Reiterates Buy Rating on O'Reilly Automotive (ORLY)

DA Davidson analyst Michael Baker reiterated a Buy rating and $106.00 price target on O'Reilly Automotive (NASDAQ: ORLY).

The analyst commented, "ORLY 3Q26 comp results were ahead of consensus. Expectations were high, but we think the 7.1% comp against a 4.3% consensus is good enough. That accelerated from 6.0% last quarter, and on a 2-year basis was 12.7% also an acceleration from 10.1% in 2Q. Gross margins were +54 bps, which beat consensus of +20 bps, although $39M in tariff refunds (60 bps) helped. SGA&A leveraged by 20 bps which shows that cost overruns may be behind us. Operating profits of $1,098M beat $1,042M even without refunds, and the 21.4% margin, which was up 70, was also ahead of consensus of 20.8%, with refund help."

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 $90.44 yesterday.

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