Market Activity
Positive Sentiments for Turnaround Ahead: O’Reilly Automotive Inc. (ORLY)
O’Reilly Automotive Inc. (NASDAQ: ORLY), the owner of a network of automotive accessories and spare parts stores, continues to benefit from Americans’ significant reliance on autos. Already, the typical automobile in the United States is more than 10 years old, and the growing cost of new cars may raise that age. According to S&P Global Mobility, the average automobile age in the United States is 13 years. Because the average cost of a new automobile has now surpassed 40,000, most Americans will most likely continue to drive their vehicles to postpone the purchase of a new one. Against this backdrop,
