Morgan Stanley analyst Simeon Gutman reiterated an Equalweight rating and $675.00 price target on O'Reilly Automotive (NASDAQ: ORLY) after the F'22 guidance range presented by management implied an EPS guide that is 5.5% above consensus.

The analyst stated "An un-ORLY-esque guide, and 2 elements stand out. Typically when ORLY is confident in the demand backdrop they tend to guide comps of 3-5%, which often proves conservative. The 5-7% comp guide for F'22 is noticeably above that, conveying the most bullish stance we can recall. Current industry trends seem healthy and we expect MSD to HSD inflation, so there is support for a higher than usual comp guide. Still, a 5-7% comp guide makes a statement and is a departure from ORLY's typical tack."

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 $640.22 yesterday.