In the last decade, the Nasdaq Composite has been very good to investors. The tech-heavy benchmark returned 310% during this time, including dividends. But there’s a retail stock in the index that has performed significantly better.
I’m talking about O’Reilly Automotive (NASDAQ: ORLY). Shares of the aftermarket auto parts seller have soared 619% since Feb. 27, 2014, turning a $10,000 initial cash outlay into a whopping $71,880 today. Is it time to buy this phenomenal stock right now?
Boring is best
High-flying tech companies that have exposure to the artificial intelligence trend are getting all the attention from investors these days. But don’t let that excitement distract you from O’Reilly and its boring business model.
With 6,095 stores across the U.S., this company sells things like brakes, motor oil, and wiper blades to DIY and professional car mechanics. It might fly under the…
