On Oct 25, major Wall Street analysts update their ratings for $O'Reilly Automotive (ORLY.US)$, with price targets ranging from $1,200 to $1,375.
BofA Securities analyst Robert Ohmes maintains with a buy rating, and adjusts the target price from $1,204 to $1,360.
Evercore analyst Greg Melich maintains with a buy rating, and maintains the target price at $1,290.
TD Cowen analyst Max Rakhlenko maintains with a buy rating, and maintains the target price at $1,375.
Oppenheimer analyst Brian Nagel maintains with a hold rating.
RBC Capital analyst Steven Shemesh maintains with a buy rating, and adjusts the target price from $1,115 to $1,286.
Furthermore, according to the comprehensive report, the opinions of $O'Reilly Automotive (ORLY.US)$'s main analysts recently are as follows:
O'Reilly Automotive's third-quarter report reflected anticipated outcomes, with comparable sales decelerating throughout the quarter, aligning with general industry measures.
O'Reilly Automotive's third-quarter earnings per share of $11.41 were reported, compared to the consensus of $11.54, alongside comp growth of 1.5% versus the expected 2.5%. This underperformance in comp growth is attributed to widespread consumer pressures and a subdued demand climate affecting both Professional and Do-It-Yourself segments. Despite these pressures, O'Reilly is still considered a top-tier player in the auto aftermarket space, an industry known for its resilience relative to the wider Consumer Discretionary sector.
The firm has reduced its estimates due to ongoing industry challenges and anticipates earnings momentum to stay moderate for the time being. Nonetheless, it believes that the company's exceptional execution and market share gains justify a valuation premium, leading to a slight increase in the valuation assessment.
The firm noted that O'Reilly Automotive's third-quarter comparable results aligned with expectations, acknowledging the company's adeptness in managing a challenging environment and its success in gaining market share within the Do-It-For-Me segment.
The company continues to gain market share, though its outperformance compared to peers has lessened in recent quarters due to broader category pressures, and there is limited visibility into future recovery. Forecasts for the company's EPS have been adjusted, with a revised outlook now set for the coming years.
Here are the latest investment ratings and price targets for $O'Reilly Automotive (ORLY.US)$ from 7 analysts:
Note:
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