UBS analyst Michael Lasser raised the firm’s price target on O’Reilly Automotive (ORLY) to $115 from $105 and keeps a Buy rating on the shares. O’Reilly’s Q2 comp of 4.1% shows that it’s gaining share and its 70 basis points of gross margin expansion means that it is generating “handsome” gross profit dollar growth of 7%, which was in-line with the printed forecasts, the analyst tells investors in a research note.
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Read More on ORLY:
- O’Reilly Automotive price target raised to $105 from $103 at Wells Fargo
- O’Reilly Auto’s Strong Q2 Performance and Growth Potential Justifies Buy Rating
- O’Reilly Automotive reports Q2 EPS 78c, consensus 78c
- O’Reilly Automotive sees FY25 EPS $2.85-$2.95, consensus $2.93
- O’Reilly Automotive options imply 3.9% move in share price post-earnings