Is O'Reilly Automotive Stock a Millionaire Maker?
Shares of O'Reilly Automotive (NASDAQ: ORLY) have risen more than 200% over the past five years. They have gained over 400% over the past decade. And over the past year alone the stock has rallied 25%, handily beating the S&P 500 index's (SNPINDEX: ^GSPC) gain of just under 10%. Given that stellar stock price performance, it is understandable that investors might be looking at the auto parts retailer.But is O'Reilly Automotive a millionaire-maker stock? Here's some things to consider before you buy.As noted, O'Reilly Automotive is an auto parts retailer, selling vehicle supplies to consumers and professionals. The auto sector is a mature industry, so competition is pretty intense. This is noteworthy because there are really only two ways to grow a retail store business. You can either increase sales at the stores you currently operate, known as same-store sales, or you can open new stores. Both, basically, have to pull customers from other competitors.Continue reading
Shares of O'Reilly Automotive (NASDAQ: ORLY) have risen more than 200% over the past five years. They have gained over 400% over the past decade. And over the past year alone the stock has rallied 25%, handily beating the S&P 500 index's (SNPINDEX: ^GSPC) gain of just under 10%. Given that stellar stock price performance, it is understandable that investors might be looking at the auto parts retailer.
But is O'Reilly Automotive a millionaire-maker stock? Here's some things to consider before you buy.
As noted, O'Reilly Automotive is an auto parts retailer, selling vehicle supplies to consumers and professionals. The auto sector is a mature industry, so competition is pretty intense. This is noteworthy because there are really only two ways to grow a retail store business. You can either increase sales at the stores you currently operate, known as same-store sales, or you can open new stores. Both, basically, have to pull customers from other competitors.
