Analyst Scot Ciccarelli of Truist Financial maintained a Buy rating on O’Reilly Auto (ORLY – Research Report), boosting the price target to $1,539.00.
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Scot Ciccarelli has given his Buy rating due to a combination of factors including O’Reilly Auto’s solid quarterly performance and its potential to benefit from tariff impacts. The company reported a slightly better-than-expected comparable sales growth of 3.6%, surpassing the forecasted 3.0%. Although margins were slightly below expectations due to higher SG&A costs, the overall results were strong, with trends improving towards the end of the quarter.
Additionally, Ciccarelli believes that O’Reilly Auto could emerge as a winner from tariffs, as these could lead to higher inflation for same-SKU items and drive consumers to focus more on vehicle maintenance and repair. This shift in consumer behavior, coupled with the company’s stable earnings per share estimates and a revised price target of $1,539, supports the Buy rating. The analyst anticipates that these trends will continue to improve through 2025, further bolstering the company’s market position.
In another report released today, UBS also maintained a Buy rating on the stock with a $1,580.00 price target.