O’Reilly Auto, the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst Robert Ohmes from Bank of America Securities reiterated a Buy rating on the stock and has a $120.00 price target.
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Robert Ohmes has given his Buy rating due to a combination of factors including O’Reilly Auto’s strong performance in the Pro segment and its ability to manage inflationary pressures effectively. The company reported better-than-expected earnings per share and comparable sales growth, with notable gains in the Pro segment despite some challenges in the DIY market.
Ohmes is also optimistic about O’Reilly’s future growth prospects, supported by its strategic investments in supply chain efficiency and market expansion, particularly in North America. The company’s ability to maintain stable gross margins through effective vendor negotiations and its ongoing market share gains in both Pro and DIY segments further reinforce the Buy rating. However, he notes that cautious spending behavior among low-income DIY customers remains a potential risk.
In another report released today, Roth MKM also reiterated a Buy rating on the stock with a $112.00 price target.
ORLY’s price has also changed dramatically for the past six months – from $1380.500 to $98.270, which is a -92.88% drop .