ORLY Stock Summary and Trading Ideas (O'reilly Automotive | NASDAQ:ORLY)

O'Reilly is an aftermarket automotive parts retailer in the United States and Mexico with nearly $16 billion in annual sales. The company operates over 6,000 domestic stores and serves both the do-it-yourself (about 55% of sales) and professional (45% of sales) end markets. Despite operating amid a highly fragmented industry, O'Reilly differentiates itself by providing quality service to its customers throughout the entirety of the vehicle diagnosis and purchasing process. Furthermore, the firm boasts an impressive hub-and-spoke distribution network designed to provide its localized store base with ample aftermarket product availability across a variety of vehicle makes and models.

O'reilly Automotive trades on the NASDAQ stock market under the symbol ORLY.

As of May 24, 2024, ORLY stock price climbed to $986.96 with 275,755 million shares trading.

ORLY has a beta of 0.34, meaning it tends to be less sensitive to market movements. ORLY has a correlation of 0.05 to the broad based SPY ETF.

ORLY has a market cap of $58.21 billion. This is considered a Large Cap stock.

Last quarter O'reilly Automotive reported $4 billion in Revenue and $9.20 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.06.

In the last 3 years, ORLY stock traded as high as $1,169.11 and as low as $519.32.

The top ETF exchange traded funds that ORLY belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

ORLY has underperformed the market in the last year with a price return of +6.2% while the SPY ETF gained +30.4%. ORLY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.7% and -3.2%, respectively, while the SPY returned +4.6% and +1.7%, respectively.

ORLY support price is $965.67 and resistance is $986.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ORLY stock will trade within this expected range on the day.