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

Monro Muffler Brake (NASDAQ: MNRO) and O'Reilly Automotive (NASDAQ: 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 (NYSE: MDS) and Pep Boys (NYSE: 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 (NYSE: AAP) and AutoZone (NYSE: AZO), as well as the broader markets, since then.