Can This Top Auto Stock Double Your Money in 5 Years?
Doubling your money in the stock market in five years implies an annualized return of roughly 15%. No matter how you look at it, this type of performance would be exceptional, and it even exceeds the S&P 500's long-term gains of 9% to 10% per annum.
O'Reilly Automotive (NASDAQ: ORLY), the reliable aftermarket automotive parts retailer, might just be a stock that could grow your money twofold by 2026, and most likely outpace the broader index. Here's why there's a good chance of it happening.
Over the past five years, this unstoppable retail stock soared 20% annually. If you bought O'Reilly shares and did absolutely nothing for 60 months, you'd easily look like one of the best investors out there.
Source Fool.com
