While Wall Street's attention last year was fixated on high-flying sectors like e-commerce, video conferencing, and telehealth, one sleepy sector had itself a booming 2020.
The aftermarket auto parts retailers saw sales and profits soar after the onset of the pandemic. O'Reilly Automotive (NASDAQ: ORLY) , the largest domestic chain by market capitalization , just reported stellar first-quarter 2021 results on April 28th, demonstrating continued strength in the business even as the country slowly moves past the health crisis.
At the same time, management raised same-store sales (comps) and diluted earnings per share (EPS) forecasts for the full year 2021. This is fantastic news for shareholders.
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This Market-Beating Auto Stock Just Raised Its Full-Year 2021 Outlook