Is OReilly Automotive (ORLY) Outperforming Other Retail-Wholesale Stocks This Year?

Investors focused on the Retail-Wholesale space have likely heard of OReilly Automotive (ORLY), but is the stock performing well in comparison to the rest of its sector peers? Let’s take a closer look at the stock’s year-to-date performance to find out.

OReilly Automotive is a member of the Retail-Wholesale sector. This group includes 205 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ORLY is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for ORLY’s full-year earnings has moved 26.32% higher. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.

According to our latest data, ORLY has moved about 5.27% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 28.81% on a year-to-date basis. This means that OReilly Automotive is performing better than its sector in terms of year-to-date returns.

Looking more specifically, ORLY belongs to the Automotive – Retail and Wholesale – Parts industry, which includes 5 individual stocks and currently sits at #72 in the Zacks Industry Rank. On average, this group has gained an average of 4.22% so far this year, meaning that ORLY is performing better in terms of year-to-date returns.

Investors with an interest in Retail-Wholesale stocks should continue to track ORLY. The stock will be looking to continue its solid performance.

Click to get this free report

OReilly Automotive, Inc. (ORLY): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source Article