It really might, or it might not...There are pretty wide differences in manufacture and quality with all factory mass-produced rifles. What would you like to do with it at 500 yards?
Maybe the one you buy would, or handloads might get you there. For deer, or 8 inch targets, I would say you will definately need handloads unless you get a blessed one, or have it rebarreled.
If it shoots 1.5 moa which is very decent, and it maintains it all the way to 500 yards without degenerating on the way, you can play the wind properly to hit your POA, you'd be having 7.5 inch groups at 500 yards.