William Blair analyst Phillip Blee has maintained their bullish stance on ORLY stock, giving a Buy rating today.
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Phillip Blee’s rating is based on O’Reilly Auto’s impressive third-quarter performance, which surpassed market expectations. The company reported higher-than-anticipated comparable store sales, gross margin, and earnings per share, with EBIT margin aligning with forecasts.
Additionally, the professional segment showed significant growth, likely benefiting from market share gains due to competitor store closures. The DIY segment also demonstrated resilience with its fourth consecutive quarter of positive comparable sales. These factors collectively contribute to a positive outlook for O’Reilly Auto, justifying the Buy rating.
According to TipRanks, Blee is a 4-star analyst with an average return of 11.5% and a 52.54% success rate. Blee covers the Consumer Cyclical sector, focusing on stocks such as Advance Auto Parts, O’Reilly Auto, and Somnigroup International.
In another report released today, Roth MKM also reiterated a Buy rating on the stock with a $112.00 price target.