O’Reilly Automotive comps skew positive ahead of Q1, says DA Davidson

DA Davidson analyst Michael Baker keeps a Buy rating and $975 price target on O’Reilly Automotive, noting that while data checks for the company have been "mixed" ahead of its Q1 results next week, they skew more positive than negative for comps. Auto parts retailers are well positioned in the current uncertain macro environment and still benefiting from inflation in auto parts, the analyst tells investors in a research note.