Monro Muffler Brake and O'Reilly Automotive to Open Near 52-Week Highs

Monro Muffler Brake MNRO and O'Reilly Automotive ORLY reached new 52-week highs of $36.77 and $65.11 per share, respectively, in yesterday's trading session. Monro Muffler Brake recently completed its acquisition of Vespia Tire Centers, and in May reported record quarterly and fiscal-year results that included its tenth consecutive year of same-store sales growth. The company operates some 800 stores in the Midwest and Northeast that provide automotive undercar repair and tire services. It has a market cap of $1.1 billion. Monro has a long-term EPS growth forecast of 19.5% and a P/E ratio that is lower than the industry average. It offers a dividend yield of 0.8% and has a return on equity of 16.9%. The share price is more than 13% higher than three months ago. The stock has outperformed competitors Midas Group MDS and Pep Boys PBY, as well as the broader markets, in that time. O'Reilly Automotive recently was initiated with a Buy rating at UBS, which sees the auto parts retailer as well-positioned for growth, and Barclays reaffirmed an Overweight rating on the stock as well. O'Reilly has an $8.9 billion market cap and is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies and accessories in the U.S., serving both automotive professionals and do-it-yourself customers. The long-term EPS growth forecast is 15.9% and the return on equity is 14.2%. O'Reilly has a PEG ratio of 1.1, and its net cash flow from operations has grown in recent quarters. Shares are trading about 36% higher than three months ago. The stock has outperformed competitors Advance Auto Parts AAP and AutoZone AZO, as well as the broader markets, since then.