O’REILLY AUTOMOTIVE hits new all-time high before Q3 earnings report

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O’reilly Automotive Stock Fair Value – O’REILLY ($NASDAQ:ORLY): O’Reilly Automotive Inc. is one of the largest holdings in the Invesco BuyBack Achievers ETF . The stock has been on a tear lately, hitting a new all-time high this week. The rally comes as people are starting to return to their offices around the country. The Invesco BuyBack Achievers ETF is up about 10% from its September low, as stocks have generally rebounded in October.

O’Reilly Automotive is a leading retailer of automotive aftermarket parts, tools, and supplies. O’Reilly is known for its competitive pricing and customer service. The company is expected to benefit from the strong rebound in vehicle sales in the third quarter.

Earnings

O’REILLY AUTOMOTIVE Inc. announced today that it has hit a new all-time high in total revenue before its Q3 earnings report. In the earning report of FY2022 Q2 ending June 30, O’REILLY AUTOMOTIVE earned 13.7B USD in total revenue, which is a 3.0% increase from the previous year. The company also earned 2.1B USD in net income, which is a 4.5% decrease from the previous year. O’REILLY AUTOMOTIVE’s total revenue has reached from 11.6B USD to 13.7B USD in the last 3 years, with the company’s net income following a similar trend.

Price History

On Wednesday, O’REILLY AUTOMOTIVE stock opened at $778.4 and closed at $777.5, up by 0.2% from last closing price of 775.7. This will be the first earnings report since the company’s stock split on September 12th.

VI Analysis – O’reilly Automotive Stock Fair Value Calculator

O’REILLY AUTOMOTIVE‘s fundamentals reflect its long term potential, and the company is currently trading at 24% above its fair value. The company’s strong financial position and history of profitability make it a good long-term investment. However, the current stock price may not be sustainable in the long term, and investors should monitor the company closely.

VI Peers

O’Reilly Automotive Inc is an American automotive parts retailer that provides automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. Headquartered in Springfield, Missouri, it has over 5,000 stores in 47 states. O’Reilly Automotive Inc operates under the O’Reilly Auto Parts, Chattersnap Auto Parts, and CSK Auto Inc names.

Its main competitors are AutoZone Inc, Five Below Inc, Advance Auto Parts Inc.

– AutoZone Inc ($NYSE:AZO)

AutoZone Inc is an American retailer of automotive parts and accessories, with over 6,000 stores across the United States. The company has a market cap of $43.79B as of 2022 and a Return on Equity of -61.62%. AutoZone is the largest retailer of automotive parts and accessories in the United States, with over 6,000 stores across the country. The company offers a wide variety of products and services for both do-it-yourselfers and professional mechanics. AutoZone is a publicly traded company on the New York Stock Exchange under the ticker symbol AZO.

– Five Below Inc ($NASDAQ:FIVE)

Five Below Inc is a publicly traded company with a market cap of 7.51B as of 2022. The company has a Return on Equity of 18.02%. Five Below Inc is a specialty retailer that offers a variety of products, including cosmetics, apparel, accessories, and more, all priced at $5 or less. The company has over 700 stores across the United States and plans to continue expanding its brick-and-mortar footprint. Five Below Inc is headquartered in Philadelphia, Pennsylvania.

– Advance Auto Parts Inc ($NYSE:AAP)

Advance Auto Parts is a leading retailer of automotive parts, accessories and maintenance items in the United States. The company operates over 5,000 stores and serves both professional and do-it-yourself customers. Advance Auto Parts has a market cap of 10.3B as of 2022 and a Return on Equity of 16.16%. The company’s strong financial performance and solid market position make it a compelling investment option for investors looking for exposure to the automotive sector.

Summary

Investing in O’REILLY AUTOMOTIVE can be a great way to capitalize on the company’s strong performance. The company has consistently posted strong financial results, and its stock has been on a tear in recent years. There are a few things to keep in mind before investing in O’REILLY AUTOMOTIVE, however.

First, the company is highly dependent on the automotive industry, which can be cyclical. Second, the company has a large debt load. Third, the company’s shares are not cheap, trading at around 30 times earnings. Despite these risks, O’REILLY AUTOMOTIVE is a well-run company with a strong track record of success. For investors looking for exposure to the automotive industry, O’REILLY AUTOMOTIVE is worth considering.