JPMorgan Analyst's Adds O'Reilly Automotive (ORLY) To 'Focus List'

NASDAQ: ORLY | O'Reilly Automotive, Inc. News, Ratings, and Charts

ORLY – Among the multiple major players in the auto parts sector, O’Reilly stands out to benefit the most from a “weather deep dive” analysis, according to JPMorgan.

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

Among the multiple major players in the auto parts sector, O’Reilly Automotive Inc  O'Reilly Automotive, Inc. (ORLY - Get Rating) 2.55% stands out to benefit the most from a “weather deep dive” analysis, according to JPMorgan.

The Analyst

JPMorgan’s Christopher Horvers maintains an Overweight rating on O’Reilly Automotive with a $398 price target and is now included in the firm’s “Analyst Focus List.”

The Thesis

Weather is a key factor in determining auto parts demand in terms of both “in the moment” (i.e., freezing weather prompts battery failure) and a lagged impact (repairs from salt on roads or corrosion), Horvers said in a research report. The research firm’s analysis of weather trends found the following:

  • 2019 snowfall was down year-over-year in the northeast and up in north central. Based on a geographical exposure, O’Reilly Automotive is best positioned to take advantage of the 2019 “solid but not as good as 2018” snow trends.
  • 2018 summer was “good overall,” but current forecasts call for a “relatively cooler” summer, especially in the west where O’Reilly has strong exposure.
  • O’Reilly’s favorable geographic exposure should help the company regain the “best comp crown” in the group.

Price Action

Shares of O’Reilly Automotive traded higher by 2.5 percent to $385.89 Monday.


O’Reilly Automotive Inc. shares were unchanged in after-hours trading Monday. Year-to-date, O'Reilly Automotive, Inc. (ORLY - Get Rating) has gained 12.07%, versus a 12.14% rise in the benchmark S&P 500 index during the same period.

O'Reilly Automotive, Inc. (ORLY - Get Rating) currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #2 of 49 stocks in the Auto Parts category.


This article is brought to you courtesy of Benzinga.

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

Top Stories on StockNews.com

NYSE: GPL | Great Panther Mining Limited Ordinary Shares (Canada) News, Ratings, and Charts

Best & Worst Performing Stock Industries for July 18, 2019

Led by ticker GPL, "Miners - Silver" was our best performing stock industry of the day, with a 5.96% gain.
NASDAQ: TEDU | Tarena International, Inc. News, Ratings, and Charts

Best & Worst Performing Small Cap Stocks for July 18, 2019

TEDU leads the way today as the best performing small cap stock, closing up 49.59%.
NYSE: GFI | Gold Fields Limited American Depositary Shares News, Ratings, and Charts

Best & Worst Performing Mid Cap Stocks for July 18, 2019

GFI leads the way today as the best performing mid cap stock, closing up 8.02%.
NYSE: PM | Philip Morris International Inc Common Stock News, Ratings, and Charts

Best & Worst Performing Large Cap Stocks for July 18, 2019

PM leads the way today as the best performing large cap stock, closing up 8.22%.
NYSE: PM | Philip Morris International Inc Common Stock News, Ratings, and Charts

Best & Worst Performing Mega Cap Stocks for July 18, 2019

PM leads the way today as the best performing mega cap stock, closing up 8.22%.

Read More Stories


More O'Reilly Automotive, Inc. (ORLY) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All ORLY News
Page generated in 1.2072 seconds.