O’Reilly Automotive (ORLY) has tanked after it reported earnings the past two qtrs. The P/E is now just 17, way below the 28 it used to be. But is this industry done?
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Although the stock hasn’t gone anywhere for a year, O’Reilly Automotive (ORLY) continues to post solid results in a good environment for auto parts.
O’Reilly Automotive (ORLY) had been a superior stock since 2009 as profits grew more than 20% a year annually. Now I expect more normalized growth from ORLY.
My research shows O’Reilly Automotive (ORLY) profits grew just 10% last qtr, but the company claims 16%. Let’s see if growth is truly slowing.