O’Reilly Automotive price target raised to $1,468 from $1,313 at Truist

Truist analyst Scot Ciccarelli raised the firm’s price target on O’Reilly Automotive (ORLY) to $1,468 from $1,313 and keeps a Buy rating on the shares. The company’s Q4 results were “solid”, and the firm continues to expect O’Reilly comps to accelerate in FY25, boosted by improving same SKU inflation and easier discretionary compares, the analyst tells investors in a research note. Truist adds that auto parts would be one of our best hedges against tariff effects, given its needs-based structure and the likely flow through of higher cost of goods sold directly into selling prices.