Stock Entry Point Article​

O’Reilly Automotive Inc – Retail Stocks 2021

The pandemic resulted in many businesses shutting down and people staying at their homes. Malls, restaurants, and retail outlets that depend on footfalls had a tough time. However, certain types of retail establishments performed reasonably well even during the challenging year of 2020. Among them were home improvement stores and auto parts retailers like O’Reilly. People still needed to drive to get from point A to point B and to keep cars running. There was a demand for auto parts and related services. Home improvement also saw an uptick because people spent more time at home, and they found spare hours to work on DIY projects that were planned for a while. So, if you are an investor interested in retail stocks to buy in 2021, then O’Reilly Automotive could be a pick.

O’Reilly Automotive’s Business Information

O’Reilly Automotive operates over 6,100 stores across the US and Mexico. The company’s product line includes batteries, brake system parts, filters, water pumps, engine parts, chassis parts, belts, antifreeze, wiper blades, and many other parts and accessories. O’Reilly’s service offerings include battery testing, check engine services, parts replacement, paint shop services, oil filter change, and battery recycling. DIY customers account for more than half of sales. The company did $11.6 billion in sales in the year 2020. Earnings per share have more than doubled in a 5-year period. O’Reilly even managed to open 156 net new stores in the year 2020. It is among the best retail stocks 2021.

Retail Stocks To Buy In 2021

The price of O’Reilly’s stock has grown from around $38 in early 2010 to over $500 in the year 2021. Over a 5-year period, stock prices have doubled from about $260 to almost $520. The stock closed at $517 on 14th April 2021. The one-month return has been quite robust as well, at close to 6.8%. So, the stock is clearly on an uptrend.


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