On Tuesday, O'Reilly Automotive received a positive adjustment to its Relative Strength (RS) Rating, from 89 to 92.
IBD's unique rating identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to offer and clear a proper buy point.
While EPS growth declined in the company's most recently reported quarter from 6% to 3%, the top line grew 7%, up from 4% in the prior report.
The company earns the No. 3 rank among its peers in the Retail/Wholesale-Auto industry group. Driven Brands is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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