Will This Stock Keep Momentum Rolling in 2023?

On February 22, 2023, O’Reilly Automotive, Inc. (ORLY) reached the milestone of opening its 6,000th store in Fort Gibson, Oklahoma.

ORLY’s stock has gained 2.3% over the past month to close the last trading session at $848.98. The stock has gained 20.7% over the past six months.

In this article, we will examine the stock’s fundamentals which should enable it to keep up the momentum.

For 65 years, ORLY has been operating in the United States and Mexico as a specialty retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories. The company sells its products to do-it-yourself and professional service provider customers.

Here are the factors that could affect ORLY’s performance in the upcoming months…

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