O'Reilly Automotive (ORLY) Tops Q1 EPS by 10c
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O'Reilly Automotive (ORLY) PT Raised at Sterne Agee CRT
April 29, 2016 9:56 AM EDTSterne Agee CRT analyst, Ali Faghr, raised his PT on O'Reilly Automotive (NASDAQ: ORLY) to $310 (up from $300) on gross margin expansion and a lower sharecount. No change to Buy rating.
ORLY reported strong 1Q16 results, beating Street EPS expectations by $0.05 (exc. extra day benefit) driven by better-than-expected SSS comps and margin expansion. 1Q16 SSS comps of 6.1% represented the ninth consecutive quarter of comps above 5%, but represented a deceleration on both a one (160 bps) and... More
