O'Reilly Automotive (ORLY) Tops Q3 EPS by 70c, Updates Guidance
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Goldman Sachs Downgrades O'Reilly Automotive (ORLY) to Buy
October 28, 2022 6:37 AM EDTGoldman Sachs analyst Kate McShane downgraded O'Reilly Automotive (NASDAQ: ORLY) from Conviction Buy to Buy with a price target of $851.00 (from $745.00).
The analyst comments "ORLY reported better-than-expected 3Q22 results with EPS of $9.17 beating the GS and consensus (Refinitiv) estimates of $8.49 and $8.50, respectively, driven by a comparable store sales increase of 7.6% (vs. GS/consensus +6.0%/+5.0%) and margin expansion. Sales accelerated throughout the quarter following a softer start to 1H with September being the strongest month of the quarter on a three-year... More
