The two companies also have similar market capitalizations. In addition, stocks that are substantially the same when it comes to their business models and other core metrics can be interchangeable when it comes to actively managed funds. Because both are S&P 500 index components, funds tracking that benchmark have to align their holdings with index weighting. ![]() While the expectations and results and recent price performances of the two companies are roughly comparable, what sets them apart?Īccording to MarketBeat data on institutional ownership, the big investors have put in about the same amount into O’Reilly and AutoZone in the past 12 months. For fiscal 2024, that’s expected to rise another 15%, to $142.45 per share. Wall Street sees earnings coming in at $123.98 per share for the full year, up 8%. That’s a better past track record than O’Reilly, and that can often bode well for future performance, but is there any indication that AutoZone can continue driving up with strong results? The company topped earnings estimates and delivered stronger-than-ever same-store sales.Įarnings data compiled by MarketBeat show that AutoZone outpaced both sales and earnings views in each of the past 10 quarters. AutoZoneĪutoZone shares are up 5.4% since it reported fiscal fourth-quarter results in mid-September. Analysts have a “moderate buy” rating on AutoZone, the same rating as O’Reilly. That sector is also home to AutoZone, which has an 8.16% year-to-date gain, meaning it’s also outperforming. Its sector, Consumer Discretionary, as tracked by the Consumer Discretionary Select Sector SPDR ETF (NYSEARCA:XLY). Even so, the stock is up 5.5% since the report. When it reported its second quarter in late July, the company actually lowered its same-store sales guidance, citing inflationary pressures on its customers. O’Reilly operates more than 5,800 stores in 47, and through acquisition, now operates stores in Mexico using the Orma banner. ![]() Analysts expect the company to earn $31.82 per share this year, which would be an increase of 2%. Indeed, the earnings data also show increases coinciding with the pandemic. Inflation, and especially higher costs of both new and used vehicles, mean consumers keep cars longer, opting to repair problems rather than get a new vehicle. Nonetheless, economic conditions have been favorable for O’Reilly, as well as AutoZone and smaller rivals. MarketBeat earnings data for O’Reilly show the company missed bottom-line views in the past two quarters, and missed revenue expectations in the most recent quarter. That means it will tend to follow the broader market, rather than having any influence on its price actions. However, it only comprises 0.155% of index weighting. With a market cap of $46.18 billion, O’Reilly easily qualifies for S&P 500 membership. In a bull market, though not necessarily a bear, that price action can set up a fresh rally as buyers with conviction snap up shares. Historically, that pattern can be constructive, as the slight pullback after an interim high serves to shake out weak holders, or those who are snagging some profits. ![]() On a weekly chart, it’s clear that its current consolidation is part of a larger cup-with-high-handle pattern. O’Reilly has been correcting since mid-August when it retreated from a high of $750.88. If you're ready to be matched with local advisors that can help you achieve your financial goals, get started now. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes.Įach advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Finding a qualified financial advisor doesn't have to be hard.
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