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O'Reilly Automotive: A used car maintenance play

 Nov 24, 2009 10:00 PM UTC
Return Risk
+4.14% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
ORLY n/a

Graphic_arrow1 Via BloggingStocks:  

Filed under: Stocks to Buy

The used car trend in the United States isn't ending anytime soon, which is why I'm reiterating my buy rating for auto parts giant O'Reilly Automotive Inc. (ORLY), first recommended on May 18, 2009 at a price of $37.02.

One argument holds that frugal consumers in U.S. will delay getting maintenance done on their used vehicles, due to tight budgets. But that delay can only occur for so long: critical maintenance must be performed, eventually. Further, the U.S. auto fleet's increasing age provides another tailwind for ORLY's sales. The First Call FY2009/FY2010 EPS estimates for ORLY are $2.24 to $2.59.

Continue reading O'Reilly Automotive: A used car maintenance play

O'Reilly Automotive: A used car maintenance play originally appeared on BloggingStocks on Tue, 24 Nov 2009 17:00:00 EST. Please see our terms for use of feeds.

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