Credit Suisse Thinks O’Reilly Auto’s Stock is Going to Recover

By Jason Carr

Credit Suisse analyst Seth Sigman maintained a Buy rating on O’Reilly Auto (NASDAQ: ORLY) yesterday and set a price target of $262. The company’s shares opened today at $233.82, close to its 52-week low of $228.69.

According to, Sigman is a 1-star analyst with an average return of -2.7% and a 45.5% success rate. Sigman covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, Dick’s Sporting Goods, and Container Store Group.

Currently, the analyst consensus on O’Reilly Auto is Moderate Buy and the average price target is $294.14, representing a 25.8% upside.

In a report issued on June 8, Oppenheimer also reiterated a Buy rating on the stock.

The company has a one year high of $292.84 and a one year low of $228.69. Currently, O’Reilly Auto has an average volume of 1.26M.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. Last month, David Oreilly, the COB of ORLY sold 25,000 shares for a total of $6,264,000.

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O’Reilly Automotive, Inc. owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. The company provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories. Its stores offer auto body paint and related materials, automotive tools and professional service provider service equipment. The company’s stores also offer enhanced services and programs comprising used oil, oil filter and battery recycling; battery, wiper, and bulb replacement; battery diagnostic testing; electrical and module testing; check engine light code extraction; loaner tool program; drum and rotor resurfacing; custom hydraulic hoses; professional paint shop mixing and related materials; and machine shops. Its stores provide do-it-yourself and professional service provider customers a selection of brand name, house brands, and private label products for domestic and imported automobiles, vans, and trucks. O’Reilly Automotive was founded by Charles F. O’Reilly and Charles H. O’Reilly, Sr. in November 1957 and is headquartered in Springfield, MO.