The Chart of the Day belongs to the retail automotive parts company O'Reilly Automotive (ORLY) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 3/31 the stock gained 7.14%.
O'Reilly Automotive, Inc., together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories. It also offers auto body paint and related materials, automotive tools, and professional service provider service equipment. In addition, the company provide enhanced services and programs comprising used oil, oil filter, and battery recycling; battery, wiper, and bulb replacement; battery diagnostic testing; electrical and module testing; check engine light code extraction; loaner tool program; drum and rotor resurfacing; custom hydraulic hoses; and professional paint shop mixing and related materials. Further, it offers do-it-yourself and professional service for domestic and imported automobiles, vans, and trucks. The company was founded in 1957 and is headquartered in Springfield, Missouri.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 35.40+Weighted Alpha
- 26.12% gain in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 14 new highs and up 14.07% in the last month
- Relative Strength Index 76.77%
- Recently traded at $909.83 with 50 day moving average of $840.05
Fundamental Factors:
- Market Cap $55.48 billion
- Revenue expected to grow 7.00% this year and another 5.90% next year
- Earnings are estimated to increase 10.30% this year and an additional 11.50% next year and continue to compound at an annual rate of 10.40% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analysts issued 11 strong buy, 5 buy and 10 hold opinions on this stock
- Wall Street analysts gave price targets from $815 to $985
- The individual investors following the stock on Motley Fool voted 344 to 28 for the stock to beat the market with the more experienced investors voting 83 to 2 for the same result
- Value Line gave the stock an average rating of 3 and an 18 month price target of $666 to $1,300 with a mid-point of $983 for a 10% gain
- CFRAs MarketScope has a 4 star buy rating
- Zack comments: O’Reilly’s revenue growth is impressive. The specialty retailer of automotive aftermarket parts has been generating record revenues for 30 consecutive years on the back of growth in the auto parts market and expansion of the store base. A customer-centric business model and growing demand for technologically advanced auto parts are likely to drive O’Reilly’s upcoming results.
- 18,860 investors monitor the stock on Seeking Alpha
Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in the next 72 hours.
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
