Monro shares poised for biggest daily pct gain ever; co says to close 145 stores

Monro

28/05/2025 19:07

** Shares of Monro MNRO.O up 29.7% at $16.56, on track for biggest daily percentage gain in its history, on Wed after the auto repair service co reported qtrly results including sales that beat expectations but adj EPS that disappointed

** The co also said it had identified 145 underperforming stores for closure and initiated the process to close the locations in Q1 of 2026

** Recommendations on the stock include one "strong buy" rating, and four "hold" ratings

** The 12-mo median PT on the stock is $18, down from $18.50 a month ago

** Short interest in MNRO as a percentage of outstanding shares stands at 14.73%, per LSEG Starmine data, up from the 14.2% on May 1 but down from the 52-week high of 16.2% seen in early April

** Including the session move, MNRO is down about 33% YTD compared with a 0.3% decline in S&P 600 automotive retail index .SPSMCAUTR

 (Reporting by Caroline Valetkevitch)

 ((caroline.valetkevitch@thomsonreuters.com))