O'Reilly Automotive, Inc. - Momentum
09 Outubro 2011 - 9:00PM
Zacks
O'Reilly Automotive, Inc. (ORLY) just jumped into a new
all-time high as the company continues to perform well in the weak
economy. With estimates on the rise and a bullish growth
projection, this Zacks #1 Rank stock is an upgrade on momentum.
Company Description
O'Reilly Automotive, Inc. is a retailer of
automotive aftermarket, parts, tools and supplies in the united
States. The company was founded in 1957 and has a market cap of
$9.15 billion.
Few companies can boast of a new all-time high in
the weak market of the last month. But with strong Q2 results from
late July fueling gains, ORLY is in exclusive company.
Second-Quarter Results
Revenue for the period was up 7% from last year to
$1.48 billion. Earnings were up 34% from last year, coming in at 96
cents, in line with the Zacks Consensus Estimate. O'Reilly has an
average earnings surprise of 10% over the last four quarters.
Strong Comparable Store Sales
The good quarter was driven by a solid showing in
comparable store sales, up 4.4% against a tough comparison of 7.9%
from last year.
Share Repurchase
The company was also busy returning value to its
shareholders, buying back 3.3 million shares for $194 million. That
pushes the company's year to date repurchases to $338 million,
leaving $162 million left on January's $500 million Board
approval.
Financial Profile
O'Reilly has been able to use its earnings momentum
to strengthen its financial profile, with cash and short-term
investments up $237 million to $269 million against total debt of
just $499 million, down $85 million from last year.
Estimates
Estimates are up a bit over the last few months,
with the current year adding 2 cents to $3.61 while the next-year
estimate gained 3 cents to $4.10, a bullish 14% growth
projection.
Valuation
ORLY's PEG ratio of 1.35 is above the benchmark of
1 for value.
12-Month Chart
On the chart, ORLY hit a new all-time high in mid
September, a rare feet in the weak market. Look for support from
the long term trend on any weakness. Take a look below.
![](http://www.zacks.com/images/upload_dir/1318007584.jpg)
Michael Vodicka is the Momentum Stock Strategist
for Zacks.com. He is also the Editor in charge of the
market-beating Zacks Surprise Trader Service.
O REILLY AUTO (ORLY): Free Stock Analysis Report
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