Latest news with #O'ReillyAutomotive
Business Insider
14 hours ago
- Business
- Business Insider
Upcoming Stock Splits This Week (June 9 to June 13)
These are the upcoming stock splits for the week of June 9 to June 13, based on TipRanks' Stock Splits Calendar. A stock split is a corporate maneuver that increases the number of shares outstanding by issuing more shares to existing holders, all while keeping the company's total market value unchanged. This lowers the price per share, often making the stock more affordable and potentially more appealing to retail investors. Confident Investing Starts Here: In contrast, a reverse stock split reduces the number of shares by consolidating them, which raises the price per share without affecting the company's valuation. Companies typically turn to this strategy to meet stock exchange requirements – like Nasdaq's minimum price threshold – and avoid delisting. Whether intended to boost investor interest or maintain compliance with exchange rules, these adjustments often serve as key signals for traders tracking a company's strategic direction. Let's take a look at the upcoming stock splits for the week. Nektar Therapeutics (NKTR) – Nektar Therapeutics is a biopharmaceutical company developing novel drug candidates. Following stockholder approval on May 23, the company formalized a 1-for-15 reverse stock split. The split takes effect on June 8, with trading on a split‑adjusted basis beginning June 9. Fangdd Network Group (DUO) – China-based Fangdd is a technology-driven real estate platform. The company confirmed a 16-for-1 reverse share consolidation, effective June 9, aimed at boosting its share price and maintaining compliance with listing standards. Bone Biologics (BBLG) – Bone Biologics develops orthobiologic products for spinal fusion procedures. After gaining shareholder approval on May 30, the company filed for a 1-for-6 reverse stock split, which takes effect on June 10. The goal is to elevate its share price back into compliance with Nasdaq's minimum pricing rules and enhance its appeal to institutional investors. Cero Therapeutics Holdings (CERO) – Cero Therapeutics is a biotech firm developing engineered T-cell immunotherapies for cancer. Following shareholder approval in November and board action on December 25, it enacted a 1-for-100 reverse stock split effective on January 8, consolidating every 100 shares into one. The move aimed to boost the stock above $1.00 and secure compliance with Nasdaq's listing standards. Inuvo, Inc. (INUV) – Inuvo specializes in AI-powered marketing technologies and is gearing up for a 1-for-10 reverse stock split on June 10. The move is designed to lift its share price, restore Nasdaq compliance, and strengthen its financial foundation for future growth. O'Reilly Automotive (ORLY) – O'Reilly Automotive is a specialty retailer of automotive aftermarket parts and accessories. On March 13, the company declared a 15-for-1 forward stock split, with the distribution of additional shares set for June 9 and split-adjusted trading beginning June 10. SaverOne 2014 (SVRE) – Israel-based SaverOne develops driver safety systems that block mobile-device distractions in vehicles. The company executed a 1-for-3 reverse ADS split, effective June 11, adjusting its American Depositary Share ratio to strengthen its Nasdaq standing and enhance market appeal. China Natural Resources, Inc. (CHNR) – China Natural Resources is focused on mining exploration in Inner Mongolia and is working toward picking up Zimbabwe's Williams Minerals lithium mine for up to $1.75 billion. The company executed an 8-for-1 reverse stock split effective June 12 to meet Nasdaq's $1 minimum bid price requirement, converting every eight shares into one to boost its per-share value and comply with listing rules
Yahoo
3 days ago
- Automotive
- Yahoo
Is O'Reilly Automotive Stock a Buy After Its 15-for-1 Stock Split?
O'Reilly Automotive stock has consistently soared since its IPO. Auto repairs are an essential need that car owners cannot forgo. Is the company's upcoming stock split another sign to buy shares? 10 stocks we like better than O'Reilly Automotive › If you showed me a picture of O'Reilly Automotive's (NASDAQ: ORLY) stock performance since its initial public offering (IPO) in 1993, I would assume I was looking at a disruptive tech stock instead of an auto parts retailer. With shares up roughly 57,000% since launch, the company has delivered life-changing long-term returns to its early shareholders. It's no surprise, then, that O'Reilly is turning to a 15-for-1 stock split to keep its share price manageable and liquid for smaller investors who may be intimidated by the current $1,371 price tag. Let's dig deeper to see if this decision is a sign to bet on the company's future success. While many investors focus on flashy tech stocks that promise innovative solutions to "problems" we didn't even know we had, those in the know have made fortunes by betting on the more boring businesses that shape our everyday lives. Alongside home improvement stores, auto aftermarket retailers like O'Reilly have outperformed the market for decades. O'Reilly's business durability is key to its sustainable success. Auto repairs are an essential good in the U.S., right up there with clothing and shelter. People need reliable transportation to participate in society. In many places, if someone's car breaks down, they can't get to work, buy groceries, or even take their kids to school. This dynamic gives auto parts retailers a steady source of demand that is resistant to economic downturns and that tends to grow as the U.S.'s vehicle fleet ages. The company has also taken steps to maximize its potential with exemplary customer service and aggressive expansion, through a combination of new store openings and the buyouts of rivals such as Montreal-based Groupe Del Vasto in 2023, which gave it a foothold in the Canadian market. On March 13, O'Reilly's board of directors approved a 15-for-1 stock split that will increase the number of shares outstanding while keeping its market cap the same. Management says it is doing this because it wants to share its success with employees by making it easier for them to buy ownership in the company without having to rely on fractional shares. Stock splits also benefit outside investors by making a stock seem more appealing and easier to trade, even if its fundamentals remain the same. Psychology plays a significant role in financial markets, and according to Bank of America analyst Jared Woodard, stock splits have tended to correlate with better returns over time, even when the S&P 500 struggled. That said, investors should prioritize fundamentals, because that is where the most sustainable equity value will come from. O'Reilly's first-quarter revenue grew 4% year over year to $4.14 billion, driven by new store openings and modest organic growth. While this might not seem like a huge amount, investors can expect consistent expansion because of the industry's consumer defensive nature and the aging of the U.S. vehicle fleet. That fleet's average age now stands at a record high of 12.6 years, a figure that has continued to trend upward over the last decade. The effects of other factors, like President Donald Trump's automotive tariffs, are difficult to predict. But so far, the signs look positive. In April, O'Reilly raised its annual profit forecast to $42.90 to $43.40 per share (6% growth at the midpoint), thanks to people maintaining their older cars in anticipation of future price hikes that might make newer rides less accessible. O'Reilly Automotive is a great company because of its defensive business model and ability to withstand macroeconomic uncertainties like potential recession or tariffs. With a forward price-to-earnings (P/E) multiple of 31, shares trade at a slight premium over the S&P 500 average of 28, but this looks justified by the company's solid fundamentals. Before you buy stock in O'Reilly Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and O'Reilly Automotive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor's total average return is 997% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Will Ebiefung has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Is O'Reilly Automotive Stock a Buy After Its 15-for-1 Stock Split? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
Macy's is in tight 'race to the bottom' with retail competitors
On the latest installment of Good Buy or Goodbye, Washington Crossing Advisors senior portfolio manager Chad Morganlander joins Market Domination host Julie Hyman to expand upon his bullish take on auto part retailer O'Reilly Automotive (ORLY) amid tariffs and his bearish view on Macy's (M) tied to the store's competition and debt holdings. Department store chain topped first quarter estimates on its top and bottom lines on Wednesday, posting revenue of $4.6 billion (vs. estimates of $4.46 billion) and adjusted earnings of $0.16 per share (vs. estimates of $0.14). On top of its quarterly results, Macy's cut its full-year profit outlook, citing tariff pressures and a more cautious consumer. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Don't forget to catch up on more Good Buy or Goodbye. Sign in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
Wall Street's Biggest Stock-Split Stock of 2025 Is All Systems Go 2 Weeks From Today
Stock-split euphoria is beginning to bloom in 2025. Though Fastenal is the first brand-name company to announce and complete a forward split in 2025 -- it's Fastenal's ninth split in 37 years -- another mammoth split is on deck. A historic 15-for-1 forward split has been given the green light by shareholders to proceed after the close of trading on June 9. 10 stocks we like better than O'Reilly Automotive › Nothing has captivated the attention of investors more over the last two years than the rise of artificial intelligence (AI). The potential for this game-changing technology to add $15.7 trillion to the global economy by 2030, based on estimates from PwC, suggests a broad swath of AI-hardware and applications companies are going to benefit. But it's far from the only trend that investors have flocked to. For instance, companies completing stock splits have consistently been a bright spot for the investing community. A stock split offers a way for public companies to cosmetically alter their share price and outstanding share count by the same factor. The "cosmetic" aspect has to do with stock splits not changing a company's market cap or operating performance in any way. Splits themselves come in two forms, with investors gravitating to one far more than the other. Reverse splits, which are designed to increase a company's share price, are the less-popular of the two. Most companies undertaking reverse splits are doing so from a position of operating weakness and attempting to save their stock from delisting on a major U.S. stock exchange. In comparison, investors tend to welcome forward stock splits with open arms. This type of split is enacted to make a company's shares more nominally affordable for everyday investors who might not be able to purchase fractional shares through their broker. Public companies whose shares have soared to the point where a forward split becomes necessary are typically out-executing their peers and on the leading edge of the innovative curve within their respective industry. Last year, more than a dozen industry-leading businesses took the plunge and completed a forward split. Retail powerhouse Walmart kicked things off, with a quartet of AI kingpins following suit, including Nvidia, Broadcom, Super Micro Computer, and Lam Research. Although 2025 began a bit slower than last year, stock-split euphoria is beginning to bloom. With the first major forward stock split officially in the books, the biggest stock split of the year has been given the green light for two weeks from today. Before giving credence to what'll be the biggest stock-split stock of 2025, let's recognize the first prominent business to actually announce and complete a forward stock split this year: wholesale industrial and construction supplies giant Fastenal (NASDAQ: FAST). Fastenal is no stranger to completing forward splits. The 2-for-1 split announced on April 23 and completed after the close of trading on May 21 was its ninth stock split in the last 37 years. Inclusive of dividends paid, Fastenal stock has a total return of more than 214,000% since its August 1987 initial public offering (IPO). Though Fastenal is cyclical and benefits from periods of economic growth lasting substantially longer than recessions, it's the company's ongoing innovation that's really helped it flourish. Fastenal's managed inventory solutions have helped it learn more about the supply chain needs of its on-site clients. Over time, it's become an integral part of many key supply chains. But Fastenal isn't the only big-name company that's announced a split this year. Automated electronic brokerage firm Interactive Brokers Group (NASDAQ: IBKR) announced its intent to conduct a 4-for-1 forward split on April 15, which was more than a week before Fastenal. This marks its first split -- set to take place after the close of trading on June 17 -- since the company went public in May 2007. Interactive Brokers is a big beneficiary of optimistic investor sentiment. Despite some recent stock market gyrations, the benchmark S&P 500 is still firmly in a bull market. With the exception of the 2022 bear market, which lasted less than a year, and the COVID-19 crash, which completed in five weeks, the bulls have been in firm control for much of the last 16 years. When the benchmark index is climbing, investors tend to be willing to invest more. Narrowing things down even further demonstrates how the current bull market, which began in October 2022, has been beneficial to Interactive Brokers Group. On a trailing-two-year basis, it's witnessed its customer count, customer equity on the platform, and customer margin loans all notably increase. Although Interactive Brokers' market cap of $87 billion (as of this writing) makes it the largest public company to conduct a split in 2025, it's not the biggest stock-split stock of the year. That honor belongs to auto parts supplier O'Reilly Automotive (NASDAQ: ORLY), which is set to complete a 15-for-1 forward split after the close of trading on June 9. Two weeks from today, on June 10, O'Reilly's stock will open at its split-adjusted price, which should be below $100 per share. Whereas Fastenal and Interactive Brokers simply announced they would be splitting their respective shares, O'Reilly Automotive put its mammoth stock-split measure up for vote at its annual shareholder meeting on May 15. Based on the voting results of its shareholder meeting, this historic split has been given the green light. Since going public in April 1993, shares of O'Reilly Automotive have driven to a scorching-hot cumulative return that's approaching 58,000%! For the sake of comparison, the S&P 500 has gained around 1,260% since O'Reilly's IPO. This undeniable outperformance for Wall Street's biggest stock-split stock of 2025 boils down to three competitive advantages. O'Reilly Automotive's macro advantage is that consumers are keeping their vehicles longer than ever before. A May 2024 analysis from S&P Global Mobility found the average age of cars and light trucks on U.S. roadways hit a new all-time high of 12.6 years. This is up from an average age of 11.1 years in 2012. With interest rates rising and new vehicles becoming pricier, O'Reilly should be relied on by drivers and mechanics to keep existing vehicles in good working order. On a more company-specific level, O'Reilly's hub-and-spoke distribution model has worked wonders. The company has 31 distribution centers to go along with nearly 400 hub stores. The hub-and-spoke distribution model ensures that over 153,000 stock keeping units (SKUs) can reach local storefronts the same-day or on an overnight basis. The final puzzle piece that helps explain why O'Reilly Automotive stock has been unstoppable is the company's phenomenal share repurchase program. Taking after rival AutoZone, which has repurchased around 90% of its outstanding shares, O'Reilly has spent just shy of $26 billion to buy back more than 59% of its outstanding shares since 2011. Businesses with steady or growing net income that regularly repurchase their stock can expect a boost to earnings per share. All the right boxes are checked for O'Reilly's to continue to outperform. Before you buy stock in O'Reilly Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and O'Reilly Automotive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Sean Williams has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Interactive Brokers Group, Lam Research, Nvidia, and Walmart. The Motley Fool recommends Broadcom and recommends the following options: long January 2027 $175 calls on Interactive Brokers Group and short January 2027 $185 calls on Interactive Brokers Group. The Motley Fool has a disclosure policy. Wall Street's Biggest Stock-Split Stock of 2025 Is All Systems Go 2 Weeks From Today was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
20-05-2025
- Automotive
- Yahoo
O'Reilly (ORLY) Benefited from Tariff on Auto Imports
ClearBridge Investments, an investment management company, released its 'ClearBridge Large Cap Value Strategy' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The S&P 500 Index declined by -4.3% in Q1 2025 due to a tariff war and a shift away from AI-related tech stocks. Amid the tech-led sell-off, the benchmark, the Russell 1000 Value Index, outperformed its growth counterpart in the quarter. Against this backdrop, the strategy underperformed the benchmark in Q1. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, ClearBridge Large Cap Value Strategy highlighted stocks such as O'Reilly Automotive, Inc. (NASDAQ:ORLY). O'Reilly Automotive, Inc. (NASDAQ:ORLY) is a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories. The one-month return of O'Reilly Automotive, Inc. (NASDAQ:ORLY) was 0.03%, and its shares gained 40.01% of their value over the last 52 weeks. On May 19, 2025, O'Reilly Automotive, Inc. (NASDAQ:ORLY) stock closed at $1,393.90 per share with a market capitalization of $79.44 billion. ClearBridge Large Cap Value Strategy stated the following regarding O'Reilly Automotive, Inc. (NASDAQ:ORLY) in its Q1 2025 investor letter: "In consumer discretionary, tariffs on auto imports created a favorable backdrop for the auto repair market. This benefited auto parts retailers likeO'Reilly Automotive, Inc. (NASDAQ:ORLY), given its leadership position and the relatively inelastic demand for its products. The company should also benefit from weakened competitors like Advance Auto Parts and Napa, both of which have much less margin to absorb cost inflation if O'Reilly decides to be more aggressive in the marketplace." A mechanic working on a car in an auto shop, skillfully replacing the aftermarket parts. O'Reilly Automotive, Inc. (NASDAQ:ORLY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 63 hedge fund portfolios held O'Reilly Automotive, Inc. (NASDAQ:ORLY) at the end of the fourth quarter, compared to 41 in the third quarter. While we acknowledge the potential of O'Reilly Automotive, Inc. (NASDAQ:ORLY) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered O'Reilly Automotive, Inc. (NASDAQ:ORLY) and shared TimesSquare Capital U.S. Focus Growth Strategy's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
