Clearbridge Large Cap Value Strategy and
Livforsakringsbolaget Skandia Omsesidigt have initiated and increased their position in
O’Reilly Automotive (ORLY), respectively. Despite being regarded as vulnerable, ORLY cleared technical benchmark and showed strong outperformance on a particular trading day. It hit a 52-week high before the earnings report and outperformed the Nasdaq.
O’Reilly Automotive reported positive Q2 2024 results and showed good long-term prospects. Despite some stock reduction by UMB Bank and daily underperformance, it reached another 52-week high and showed key metrics after its Q2 earnings. Its stock has gained 178% in the last five years. The company has scheduled its Q3 2024 earnings release and conference call. Meanwhile,
Clearbridge Investments and
Handelsbanken Fonder AB have invested in ORLY. The company is favored by institutional owners who hold 88% of the company. However, the ORLY is down 7.4% since the last earnings report. Looking ahead, ORLY’s stock could be a long-term winner due to expected positive Q3 earnings. However, Q2 saw a revenue miss, missing EPS by 45c, and lowering profit views for 2024. Despite this, those who invested in ORLY five years ago saw gains of 181%.
O'reilly Automotive ORLY News Analytics from Tue, 19 Dec 2023 08:00:00 GMT to Sat, 12 Oct 2024 11:31:55 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -4
