O’Reilly Automotive, Inc. Reports First Quarter 2016 Results
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O'Reilly Automotive (ORLY) PT Raised at Sterne Agee CRT
April 29, 2016 9:56 AM EDTSterne Agee CRT analyst, Ali Faghr, raised his PT on O'Reilly Automotive (NASDAQ: ORLY) to $310 (up from $300) on gross margin expansion and a lower sharecount. No change to Buy rating.
ORLY reported strong 1Q16 results, beating Street EPS expectations by $0.05 (exc. extra day benefit) driven by better-than-expected SSS comps and margin expansion. 1Q16 SSS comps of 6.1% represented the ninth consecutive quarter of comps above 5%, but represented a deceleration on both a one (160 bps) and... More
O'Reilly Automotive (ORLY) Tops Q1 EPS by 10c
April 27, 2016 4:32 PM EDTO'Reilly Automotive (NASDAQ: ORLY) reported Q1 EPS of $2.59, $0.10 better than the analyst estimate of $2.49. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.06 billion.
First quarter comparable store sales increase of 6.1%.
Commenting on the Companys first quarter results, OReillys President and CEO, Greg Henslee stated, We are very proud to report a strong start to 2016, highlighted by a 6.1% increase in comparable store sales, which represents our 10th consecutive quarter of comparable store sales growth... More
