On July 5, 2017, O’Reilly Automotive (ORLY) crashed on news that same store sales declined –1.70%. At the time, much of the concern was that ORLY was going to become a victim of Amazon.com as online sale were being eroded by the online retail giant.
“what's happening right now in terms of sentiment within retail stocks is no one wants to discount the power of Amazon anymore."
"While (O'Reilly) blamed the mild winter and weak demand, we think this exacerbates concerns about encroachment from Amazon.com, which is dragging down other parts retailers too"
In this review, we take a look at our analysis of O’Reilly and the performance of the stock price one year later.