In a report published Thursday, Stifel Nicolaus analyst David Schick reiterated a Buy rating on O'Reilly Automotive (NASDAQ: ORLY), and raised the price target from $117.00 to $132.00.
In the report, Stifel Nicolaus noted, ?ORLY reported 2Q13 EPS of $1.58 (y/y 28% EPS growth, 22% operating income growth), well above our $1.51 model (Street $1.50). A higher than expected tax rate resulted in a negative $0.01 EPS impact relative to our model. Management raised FY13 EPS guidance from $5.64-$5.74 to $5.79-$5.89, raising the midpoint by +2.6%, or $0.15 relative to the $0.10 EPS beat in 2Q13 (implying $0.05 guidance raise for 2H13).?
O'Reilly Automotive closed on Wednesday at $117.83.
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