Nucor earnings beat by $0.08, revenue fell short of estimates
Investing.com - JPMorgan has raised its price target on O’Reilly Automotive (NASDAQ:ORLY) to $114.00 from $113.00 while maintaining an Overweight rating on the stock. The automotive parts retailer, currently valued at $83 billion, maintains a strong Buy consensus among analysts, with InvestingPro data showing 14 analysts recently revising their earnings estimates upward.
The automotive parts retailer reported comparable sales growth of 4.1%, exceeding buy-side expectations and Census data that had projected growth in the 3% range, according to JPMorgan’s analysis released Friday.
Despite the strong sales performance, O’Reilly’s earnings per share fell slightly short of expectations as selling, general, and administrative (SG&A) expenses were higher than anticipated due to inflation in insurance and other costs.
The company has raised its full-year revenue guidance to 3-4.5% growth, reflecting strong first-half trends and current business performance.
O’Reilly also increased its SG&A forecast, now projecting per-store costs to rise approximately 3.5-4% on a non-GAAP basis, up from its previous projection of 2.5-3%, with the increase attributed to both cost inflation and the improved sales outlook.
In other recent news, O’Reilly Automotive reported second-quarter 2025 earnings with same-store sales growth of 4.1%, surpassing market expectations of 3.8%. This positive performance led BMO Capital to raise its price target for the company to $110, maintaining an Outperform rating. Similarly, TD Cowen increased its price target to $112, highlighting O’Reilly’s strong market position amid tariff challenges. RBC Capital also adjusted its price target to $104, despite higher-than-expected SG&A expenses, citing the company meeting headline expectations. Evercore ISI raised its target to $107, emphasizing O’Reilly’s strategic pricing and market share gains. DA Davidson reiterated its Buy rating with a $107 price target, noting the company’s consistent performance in beating comparable sales expectations. These developments reflect a generally optimistic outlook from analysts on O’Reilly Automotive’s future performance.
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