Roth MKM analyst Scott Stember maintains $O'Reilly Automotive (ORLY.US)$ with a buy rating, and maintains the target price at $1,337.
According to TipRanks data, the analyst has a success rate of 58.0% and a total average return of 11.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $O'Reilly Automotive (ORLY.US)$'s main analysts recently are as follows:
Post-Q3 report observations for O'Reilly Automotive indicate that the results aligned with expectations, featuring a gradual decline in comps throughout the quarter, which is in line with general industry benchmarks.
The firm noted that O'Reilly Automotive's third-quarter comparable sales were consistent with expectations, indicating the company's capacity to progress amidst challenging conditions and increase its share in the Do-It-For-Me market segment.
The firm's assessment of O'Reilly Automotive notes that the company continues to gain market share. However, the margin of outperformance relative to its peers has lessened in recent quarters due to overall sector pressures, and the forecast for a market recovery remains uncertain. Additionally, the firm has adjusted its earnings per share projections for FY24 and FY25, now expecting $41.02 and $45.06 respectively while extending its financial model to include estimates for 2026.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
