O'Reilly Automotive gaps up after earnings, levels to watch The shares are up over 8.8% at time of writing following a stronger than expected earnings report after market close yesterday. The company also bumped its fiscal year 2013 earnings to above consensus, to a range of $5.57 to $5.67 versus expectations of $5.44. Resistance based on the current price of $100.50 is at $102.74, the high of the day. Support is at $99.49, the low of the day.
O'Reilly Automotive downgraded to Sell from Neutral at Goldman Goldman Sachs downgraded O'Reilly Automotive to Sell on expectations the company's sales will miss consensus estimates in 2015 and that share repurchases will slow. Goldman lowered its price target for shares to $179 from $181, but notes it expects the O'Reilly to beat Q4 forecasts.