The IBD SmartSelect Composite Rating for O'Reilly Automotive increased from 94 to 96 Tuesday.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
O'Reilly Automotive is currently forming a flat base, with a 750.98 buy point. See if the stock can break out in heavy trade at least 40% above average. The Auto Parts retailer is also showing an RS Line reaching new highs, normally a good sign. Keep in mind the earnings report is only two weeks away.
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The stock sports an 88 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 88% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 5% EPS gain for Q2. Top line growth fell to 6%, down from 7% in the prior quarter. The company's next quarterly report is expected on or around Oct. 27.
O'Reilly Automotive earns the No. 2 rank among its peers in the Retail/Wholesale-Auto industry group. Genuine Parts is the No. 1-ranked stock within the group.
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