ORLY - If I Could Buy 1 Auto Stock This Would Be It
2023-07-21 07:35:00 ET
When discussing auto stocks to put money into, investors probably immediately think about the incumbents in the industry, like Ford or General Motors . There are also electric vehicle makers like Tesla and luxury car stocks like Ferrari . These companies might have their own investment merits worth considering.
But if I could buy only one auto stock, it wouldn't be an original equipment manufacturer (OEM). It would be after-parts retailer O'Reilly Automotive (NASDAQ: ORLY) , without question. Here's why.
The most obvious reason to like this business is its outstanding financial performance. Between 2017 and 2022, O'Reilly's annual revenue increased at a compound annual rate of 10%. Same-store sales growth has also been superb, averaging close to 8% in those five years.
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If I Could Buy 1 Auto Stock, This Would Be It