O'Reilly Automotive stock rallies 8.41% and outperforms competitors
Updated
Updated · MarketWatch · Apr 30
O'Reilly Automotive stock rallies 8.41% and outperforms competitors
9 articles · Updated · MarketWatch · Apr 30
Shares closed at $99.40 on Thursday, with trading volume surging to 11.1 million, double the 50-day average of 5.5 million.
The gain came in a broadly positive US market session as the S&P 500 rose 1.02% to 7,209.01 and the Dow added 1.62% to 49,652.14.
It was O'Reilly's second straight daily gain; the stock remains 8.57% below its 52-week high of $108.72, while AutoZone rose 5.12% and Advance Auto Parts gained 6.73%.
O'Reilly's stock is soaring, but why do some metrics suggest it's overvalued and a 'Sell'?
As electric vehicles grow, can O'Reilly's business model survive the decline of traditional car maintenance?