On Oct 26, major Wall Street analysts update their ratings for $O'Reilly Automotive (ORLY.US)$, with price targets ranging from $1,286 to $1,313.
Evercore analyst Greg Melich maintains with a buy rating, and adjusts the target price from $1,290 to $1,300.
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.
Truist Financial analyst Scot Ciccarelli maintains with a buy rating, and adjusts the target price from $1,290 to $1,313.
D.A. Davidson analyst Michael Baker maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $O'Reilly Automotive (ORLY.US)$'s main analysts recently are as follows:
The firm's third-quarter report for O'Reilly Automotive revealed results that aligned with expectations. Comparable sales experienced a slowdown throughout the quarter, yet this trend was in line with common industry benchmarks.
O'Reilly Automotive's Q3 earnings per share were reported at $11.41 compared to the consensus forecast of $11.54. The company also saw a comparable store sales growth of 1.5%, which fell short of the anticipated 2.5%. This underperformance is attributed to widespread consumer pressures and a tepid demand climate affecting both professional and do-it-yourself segments. Nonetheless, O'Reilly is recognized as a top-tier entity in the auto aftermarket space, a sector known for its resilience relative to the broader Consumer Discretionary sector.
The firm reduced its estimates for O'Reilly Automotive as industry challenges continue and it is anticipated that earnings momentum will stay moderate for the time being. Nonetheless, the argument is that the stock's higher valuation is justified owing to its exceptional execution and gains in market share, justifying a modest increase in valuation estimates.
The firm noted that O'Reilly Automotive's third-quarter comparable sales were consistent with expectations, as the company remains resilient amidst challenging conditions and continues to capture a larger share of the Do-It-For-Me market segment.
Following Q3 outcomes, a market consensus suggests O'Reilly Automotive continues to gain market share, though its competitive edge has somewhat diminished in recent periods amidst broader industry challenges. Current assessments also imply a cautious outlook regarding the sector's revival. Concurrently, there's a slight reduction in earnings projections for the coming years.
Here are the latest investment ratings and price targets for $O'Reilly Automotive (ORLY.US)$ from 5 analysts:
Note:
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