Auto parts and service retail giant O'Reilly Automotive continues to trade near its all-time high amid steady though not flashy sales and profit growth. On Wednesday, O'Reilly stock jumped into a higher percentile, as its Relative Strength (RS) Rating got a lift from 62 to 71.
Among its other key ratings O'Reilly stock has a B Accumulation/Distribution Rating, showing that big money funds are fairly heavy buyers. It has an outstanding 94 Earnings Per Share Rating out of 99. Its 72 Composite Rating, a gauge of overall strength, could use improvement.
O'Reilly Stock Cruising Toward Key Benchmark
The upgraded 71 RS Rating shows that O'Reilly stock tops 70% of all stocks for price performance over the past year. The market's biggest winners tend to have an RS Rating of at least 80 as they launch their largest price moves. See if watchlist candidate O'Reilly Automotive can continue to rebound and clear that threshold.
Looking For Winning Stocks? Try This Simple Routine
O'Reilly Automotive is in a buy range after moving past a 1,005.96 buy point in a cup without handle. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.
Wednesday afternoon O'Reilly stock rose fractionally for the day, and was closing again on its all-time high 1,074.04, set on Feb. 7. It's risen about 36% in a little over a year, from an intraday low 767.27 on Jan. 27 last year to above 1,045 on Wednesday.
Quarterly Earnings Growing In Teens
Springfield, Mo.-based O'Reilly Automotive reported 11% EPS growth last quarter to $9.26 per share, while sales growth came in at 5% to $3.83 billion. The prior three quarters its EPS Grew 15%, 16% and 17%.
O'Reilly stock earns the No. 3 rank among its peers in the 11-stock Retail/Wholesale-Auto industry group. Copart is No. 2 and Valvoline is No. 1 among the group's highest-rated stocks.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. The exclusive Relative Strength Rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
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