William Blair analyst Phillip Blee resumed coverage of O’Reilly Automotive with an Outperform rating. The stock is down nearly 5% on the Q2 print, likely on elevated store costs weighing on profitability and a stable operating margin outlook despite raising its full-year sales guide, the analyst tells investors in a research note. However, the firm believes these investments will drive long-term benefits and is encouraged by O’Reilly’s long-term growth potential.
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