Oppenheimer analyst Brian Nagel raised the firm’s price target on O’Reilly Automotive to $890 from $800 and keeps an Outperform rating on the shares. O’Reilly and the broader auto parts retail category have proven noted "bright spots" within discretionary retail over the past several quarters, as macro conditions turned more challenging, and O’Reilly’s results clearly show that the company is capitalizing well upon a now more fluid backdrop to capture outsized market share, the analyst tells investors in a research note.
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Published first on TheFly
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- O’Reilly Automotive sees FY23 EPS $35.75-$36.25, consensus $37.10
- O’Reilly Automotive sees FY23 revenue $15.2B-$15.5B, consensus $15.09B
- O’Reilly Automotive reports Q4 EPS $8.37, consensus $7.76
- O’Reilly Automotive, Inc. Reports Fourth Quarter and Full-Year 2022 Results
- O’Reilly Automotive initiated with an Equal Weight at Barclays
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