ORLY - 1 Unstoppable Multibagger Up 9160% Since 2000 to Buy and Hold Forever After a Recent Dip
2024-05-26 05:45:00 ET
O'Reilly Automotive (NASDAQ: ORLY) is one of the largest vehicle repair retailers in the United States, selling auto parts, tools, equipment, and accessories. It has grown sales 117-fold since its initial public offering (IPO) in 1993 and would have made a millionaire out of any investor who bought and held $2,500 worth of stock for the next three decades.
Investors might be thinking they have missed their opportunity to take part in this multibagger's incredible run . But the company strikes a balance between returning cash to shareholders and expanding geographically (it now has 6,217 stores) at a highly profitable rate, and after a recent dip, it is as good a time as any to buy shares of this seemingly unstoppable stock.
O'Reilly has a roughly 50-50 split between sales to do-it-yourself (DIY) and professional mechanics, allowing it to expand into any market across the United States. New stores can succeed whether they are in small towns, where almost all of their sales are for DIY repairs, or in a major metropolis, where professional services are more common.
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1 Unstoppable Multibagger Up 9,160% Since 2000 to Buy and Hold Forever After a Recent Dip