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Why Shares in O'Reilly Automotive Soared in March

TheMotleyFool

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Why Shares in O'Reilly Automotive Soared in March

Shares in auto parts retailer O'Reilly Automotive (NASDAQ: ORLY) rose 13.4% in March, according to data provided by S&P Global Market Intelligence. The move is probably more of a consequence of what its peer, AutoZone, reported in early March rather than anything management said.

Image source: Getty Images.

The following chart shows how closely correlated sales growth at O'Reilly and AutoZone is. But here's the thing: O'Reilly's fourth-quarter 2020 earnings ended on the final day of 2020, while AutoZone's most recent quarter ended on Feb. 13.

Source Fool.com

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