|Bid||351.23 x 800|
|Ask||351.70 x 800|
|Day's Range||350.41 - 358.42|
|52 Week Range||214.87 - 363.20|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||22.07|
|Earnings Date||Feb 5, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||357.84|
Gains of 74.35% and 43.43% this year for shares of Advance Auto Parts, Inc. ( AAP) and O'Reilly Automotive, Inc. ( ORLY) tell the story of unusual bullish trading activity accompanying the moves. The main criteria we look for when betting on upside in a stock are improving fundamentals, leading technicals and bullish trading activity in the shares. In 2018, Advance Auto Parts and O'Reilly Automotive shares have increased in price alongside large increases in volume.
If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider O'Reilly Automotive (ORLY).
O'Reilly Automotive Inc. said late Tuesday its board of directors has authorized an increase of $1 billion in the auto parts retailer's share buyback program, raising the authorization to $11.75 billion. In the same statement, O'Reilly said it has agreed to buy all of the auto parts-related assets of privately held Bennett Auto Supply, Inc. of Pompano Beach, Fla. The asset buying is expected to be completed by the end of the year, O'Reilly said. Bennett operates 33 stores in southern Florida, O'Reilly said. Shares of O'Reilly were flat in the extended session and rose 2.3% in the regular trading day.
O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (ORLY), a leading retailer in the automotive aftermarket industry, today announced that its Board of Directors approved a resolution to increase the authorization amount under its share repurchase program by an additional $1 billion, raising the aggregate authorization under the program to $11.75 billion. The Company also announced that it has entered into a definitive agreement to purchase substantially all of the auto parts related assets of Bennett Auto Supply, Inc. (“Bennett”), headquartered in Pompano Beach, Florida. The asset purchase is expected to be completed by the end of this year. The additional $1 billion authorization is effective for a three-year period, beginning on November 13, 2018. Stock repurchases under the program may be made from time to time, as the Company deems appropriate, solely through open market purchases effected through a broker dealer at prevailing market prices, based on a variety of factors such as price, corporate requirements and overall market conditions. There can be no assurance as to the number of shares the Company will purchase, if any. The share repurchase program may be increased or otherwise modified, renewed, suspended or terminated by the Company at any time, without prior notice.
Advance Auto Parts trounced earnings third-quarter estimates and raised full-year guidance. Advance Auto Parts gapped into a buy zone, with other auto parts retailers also acting well.
Led by legendary investor Warren Buffett, Berkshire Hathaway joins United Airlines, CVS and Dell on this list of stocks whose RS line is at a new high.
Your stocks to watch this week are five highly rated retail stocks trading in or near buy zones: Burlington Stores (BURL), O'Reilly Automotive (ORLY), Nordstrom (JWN), Kohl's (KSS) and Costco Wholesale (COST).
According to the latest consensus compiled by Reuters, 52% of the 23 analysts covering Advance Auto Parts (AAP) gave its stock “buy” ratings. The remaining 48% of these analysts were recommending a “hold,” while no surveyed Wall Street analyst suggested a “sell.”
In this series, we have looked at how Advance Auto Parts stock has outperformed the broader market and its direct peers in 2018 so far. These peers include O’Reilly Automotive (ORLY) and AutoZone (AZO). Thanks to the industrywide recovery in auto parts demand, AAP’s sales are expected to improve in the third quarter. Now, let’s move on by looking at analysts’ estimates for Advance Auto Parts’ profit margin for the third quarter.
Advance Auto Parts (NYSE:AAP) has seen something not usually associated with the auto parts industry: growth. The auto parts giant has turned years of stagnation into double-digit profit growth. As a result, the AAP stock price has reached multi-year highs.
Technology stocks lagged in the stock market today as selling picked up the pace in afternoon trading. Ulta Beauty reversed higher.
The company also beat Wall Street analysts’ consensus revenue estimates of $2.27 billion. This was the first quarter that AAP reported positive YoY growth in its revenue after reporting YoY declines in the past three quarters. In the first quarter of this year, its sales went down by 0.6% YoY.
In the second quarter, Advance Auto Parts (AAP) reported adjusted EPS of $1.97, an increase of about 24.7% from the company’s adjusted EPS of $1.58 in the third quarter of 2017.
The second-largest auto parts retailer (XLY) by 2017 revenue, Advance Auto Parts (AAP), is scheduled to release its Q3 earnings on November 13 before the market opens. Before we begin exploring Wall Street analysts’ estimates for the company’s upcoming earnings, let’s take a quick look at its recent stock price movement.
NEW YORK, Oct. 30, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Previously in this series, we looked at O’Reilly Automotive’s (ORLY) third-quarter revenue, which increased 6.1%. Its comparable-store sales growth rate also improved. It opened 43 new stores in the third quarter, which was part of its plan to open 200 new stores in fiscal 2018 and expand its consumer base. In the first three quarters, O’Reilly has opened 171 new stores.
Its comparable-store sales growth rose to 3.9% in the third quarter compared to 1.8% in Q3 2017. With that, ORLY managed to meet the higher range of its third-quarter comparable-store sales growth rate guidance of 2%–4%. In its third-quarter earnings conference call, ORLY’s CEO Gregory Johnson said, “We saw strong performance throughout the quarter on weather-related categories, such as batteries and air conditioning, as a result of the hot summer weather.
O’Reilly Automotive (ORLY), one of the biggest US auto parts retailers, released its third-quarter of 2018 earnings on October 24. Its earnings call was on October 25. Diluted EPS came in at $4.50, which was 39.8% higher than $3.22 in the third quarter of 2017.
Stock futures rose late on earnings after Wednesday's stock market rout: Tesla shot up late on a surprise profit. Dow stocks Microsoft and Visa rose modestly. But AMD, Align and O'Reilly Auto Parts crashed on results and guidance.
O'Reilly Automotive guided Q4 earnings low and reported mixed Q3 results, send shares of auto parts retailers lower late Wednesday.