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Stock Market & Financial Investment News

News Breaks
January 7, 2013
12:22 EDTPBY, AZO, ORLYO'Reilly, peers fall after firm says sector to face more headwinds
O'Reilly Automotive (ORLY), which sells automotive aftermarket parts and equipment, is retreating after research firm Piper Jaffray downgraded the stock to Neutral from Overweight in a note to investors earlier today. A number of other companies in the same sector are also declining in the wake of Piper's downgrade. O'Reilly and its peers will face increased headwinds into 2014 and 2015, when fewer vehicles will be 6-12 years old, Piper wrote. Vehicles in that age range are the most likely to be repaired, the firm explained. The firm is also worried that waning auto parts inflation could hurt the sector, whose sales and margins have benefited from such inflation, according to the firm. Piper lowered its price target on the stock to $85 from $102. In early afternoon trading, O'Reilly declined $2.08%, or 2.27%, to $89.57, while The Pep Boys (PBY) dropped 2.52% to $10.04 and AutoZone lost 1.57% to $35.20.
News For PBY;AZO;ORLY From The Last 14 Days
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July 23, 2014
18:38 EDTORLYO'Reilly Automotive sees FY14 diluted EPS $7.00-$7.10, consensus $7.06
The company sees FY14 revenue $7.0B-$7.2B, consensus $7.15B. The company expects FY14 SSS up 3.5%-5.5%, capital expenditures $390M-$420M, and free cash flow $625M-$675M.
18:35 EDTORLYO'Reilly Automotive sees Q3 diluted EPS $1.91-$1.95, consensus $1.94
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18:34 EDTORLYO'Reilly Automotive reports Q2 diluted EPS $1.91, consensus $1.85
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15:30 EDTORLYNotable companies reporting after market close
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July 18, 2014
10:38 EDTPBY, AZO, ORLYAutoZone, O'Reilly drop following Stifel downgrades
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10:03 EDTORLY, AZOOn The Fly: Analyst Downgrade Summary
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07:41 EDTORLYO'Reilly Automotive downgraded at Stifel
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07:38 EDTAZOAutoZone downgraded at Stifel
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06:06 EDTAZOAutoZone downgraded to Hold from Buy at Stifel
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06:06 EDTORLYO'Reilly Automotive downgraded to Hold from Buy at Stifel

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