On July 22, O'Reilly Automotive rose 3.66% in regular trading, trading at $87.71/share, with turnover of $482 million. The stock gained momentum ahead of its Q2 earnings report scheduled for July 29.
On the news front, RBC Capital Markets issued a research note stating that despite softening Q2 trends, it expects O'Reilly to deliver toward the upper end of its full-year guidance. RBC projects Q2 comparable sales growth of 5.7%, above the consensus estimate of 5.5%, and adjusted EPS of $0.87, representing 11% year-over-year growth and exceeding the consensus of $0.86. For full-year 2026, RBC models adjusted EPS of $3.26, which sits above management's previously issued guidance range of $3.15-$3.25. While the firm lowered its Q2 comp-sales estimate from 6.7% to 5.7% following softer third-party data, it maintained its Outperform rating, citing confidence in O'Reilly's track record of exceeding initial guidance.
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