How to Buy Monro Stock
Monro Inc
Monro, Inc. provides automotive undercar repair, and tire sales and services in the United States.
Monro stock last closed at $26.99, up 0.19% from the previous day, and has decreased 44.28% in one year. It has underperformed other stocks in the Auto Parts industry by 0.4 percentage points. Monro stock is currently +18.79% from its 52-week low of $22.72, and -46.24% from its 52-week high of $50.20.
As of May 3, 2024, there are 29.9M MNRO shares outstanding. The market value of MNRO is $807.06M. In the last 24 hours, 308,127 MNRO shares were traded.
How to Buy Monro Stock
Not sure how to invest in Monro stock? Here's how.
- Choose where to buy Monro stock: You need to pick an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you decide where to buy Monro stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your payment method and add your info.
- Evaluate Monro stock: The Monro ticker symbol is MNRO. Is Monro stock a good investment? Should you buy shares of MNRO? How do MNRO's underlying business fundamentals look? Do top analysts think Monro is a good buy? Why has MNRO's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if MNRO is a good stock to buy).
- Make your MNRO trade: Decide if you will purchase MNRO shares at the current market price or use a limit order to buy MNRO shares at a particular price.
- Watch your investment in MNRO: Create a watchlist to get the latest news on your new investment in Monro shares.
Step 1: Choose where to buy Monro stock
You need an online brokerage account to access the NASDAQ market and buy MNRO stock.
Our favorite brokerage: eToro
Based on our research, eToro is the best brokerage. Here's why:
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- Social investing: eToro boasts a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
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- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by signing up for an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal info so you can invest in MNRO today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new trading account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have finished signing up on the stock trading app, you need to deposit funds:
Watch this video walkthrough if you need help transferring funds into your brokerage account.
Step 4: Evaluate Monro stock
After you have selected the best place to buy Monro stock, it's important to analyze their stock before you invest, so you can understand the risk and opportunity.
Monro stock at a glance
Monro Fundamentals
WallStreetZen was built to help average investors do more accurate fundamental analysis in less time.
You can view all of the due diligence checks on MNRO's stock page.
Is MNRO stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge MNRO's fair value.
Using relative valuations measures:
- MNRO could be undervalued based on its P/E ratio of 24.99x, relative to Auto Parts industry P/E ratio of -149.75x
- MNRO could be undervalued based on its P/B ratio of 1.22x, relative to Auto Parts industry P/B ratio of 1.83x
You can access additional valuation research on MNRO's stock here.
A look at MNRO Cashflows and Balance Sheet
Passed Health Checks:
- MNRO's operating cash flow of $174.29M allows it to safely service it's debt of $616.38M.
Failed Health Checks:
- MNRO earnings of $67.74M is not enough to cover its interest payments.
- Total MNRO debt is higher than 5 years ago, relative to shareholder equity.
- MNRO profit margin has gone down from 3.5% to 2.7% in the past year.
- MNRO has a relatively high debt to equity ratio of 1.63.
- There are more long-term liabilities than short-term assets on the MNRO balance sheet.
- There are more short-term liabilities than short-term assets on the MNRO balance sheet.
You can dive deeper into what analysts are forecasting on the Monro stock forecast page.
MNRO Momentum
MNRO Growth Numbers
Last year, MNRO earnings were $34.28M. In the last 5 year, MNRO's earnings have gone up by -15.04% per year. This was slower than the Auto Parts industry average of 4.79%.
Last year, MNRO revenue was $1.28B. During the last five year, MNRO's revenue has increased by 1.28% per year. This was slower than the Auto Parts industry average of 9.31%.
Dive into MNRO's earnings and revenue performance here.
What are MNRO insiders up to?
In the past 12 months, insiders at MNRO have bought more shares than they have sold.
Michael T. Broderick, CEO President of MNRO, was the latest MNRO insider to buy. They bought $161,490.00 worth of MNRO shares on Feb 2, 2024.
Learn more about who owns MNRO shares here.
Does MNRO provide a stable income stream?
Monro pays a dividend of 4.15%, compared to the Auto Parts industry's average dividend yield of 2.63%. If you owned $1,000 worth of MNRO stock, you would have received $41.50 last year.
Monro dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Monro dividend yield and history here.
What do other traders have to say about MNRO?
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your MNRO trade
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given price limit, place a limit order.
Click the Open Trade button and eToro will place the order.
If you require additional assistance buying stocks on eToro, watch the how to video below:
Step 6: Watch your investment in MNRO
Now that you own some MNRO stock, you'll want to stay up-to-date on your stock purchase.
Put MNRO on a watchlist to get alerted to the latest events about your MNRO stock.
MNRO Feed
How to Buy Stock in Monro
To reiterate, here are the 6 steps to buy Monro stock:
- Choose where to buy Monro stock
- Open a brokerage account
- Fund your brokerage account
- Evaluate Monro stock
- Make your MNRO trade
- Watch your investment in MNRO
If you are looking for a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to watch your investment in Monro, create a watchlist on WallStreetZen today.
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