O Reilly Automotive Stock News

Here's the bad news: September is historically the S&P 500's worst month. The good news?

Multiple buy points have emerged.

The automotive sector aftermarket industry is projected to reach a staggering $400 billion valuation by 2025, which presents a compelling investment opportunity. Several factors propel this growth, including a progressively aging vehicle fleet, a steady rise in miles driven, and a consistent escalation in demand for vehicle maintenance and repairs.

This boring business doesn't invite much disruption, leading to its durable competitive position. Strong revenue and earnings growth, coupled with aggressive share buybacks, have pushed up the stock price.

I'm always looking for investment ideas to share with readers. I don't care if it's an original idea; what matters is that it provides alternatives.

O'Reilly Automotive Inc. slightly missed expectations in its Q2 results but outperformed its competitors and continues gaining market share. Despite margin decrease due to acquisitions and changing revenue composition, inventory turnover improved, and store growth remains on track. Share buybacks accelerated in Q2 due to a temporary decrease in valuation multiples.

O'Reilly Automotive, Inc. (NASDAQ:ORLY ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Jeremy Fletcher - Executive Vice President and Chief Financial Officer Brad Beckham - Chief Executive Officer Brent Kirby - President Conference Call Participants Scot Ciccarelli - Truist Securities, Inc. Gregory Melich - Evercore ISI Michael Lasser - UBS Steven Forbes - Gugg...

SPRINGFIELD, Mo., July 24, 2024 (GLOBE NEWSWIRE) -- O'Reilly Automotive, Inc. (the “Company” or “O'Reilly”) ( Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue for its second quarter ended June 30, 2024.