O’Reilly Automotive, Inc. (NASDAQ: ORLY) is one of the largest specialty retailers for aftermarket parts, automotive tools and professional service equipment in the U.S. The company has more than 3,400 locations throughout 38 states as well as a lucrative online store. The company caters to both do-it-yourself customers and professional installers, selling everything from new and remanufactured auto parts (such as alternators and fuel pumps), maintenance items (oil and antifreeze), accessories (floor mats and seat covers) and auto body paint. The company also specializes in locating hard-to-find parts, making them a go-to choice for car enthusiasts.
In the third quarter, the company’s same-store sales rose 11% and overall sales rose 13%. During the same period, earnings rose 30%. The stock posted a 16% earnings surprise!
Thirteen analysts have revised their earnings estimates higher in the past month. This is a great sign for the company, because when the analysts get aggressive with their revisions, we tend to see an even bigger surprise. ORLY is a buy under $64. (more)
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