O’Reilly Automotive Is Primed For Growth

O'Reilly Automotive Is Primed For Growth

The auto parts aftermarket space has been one of the market’s best-performing sectors since the financial crisis. Indeed, despite the industry’s relatively dull business of selling auto parts to consumers, distributors and auto shops, sales have boomed over the past seven years.

The Financial Times recently called the US auto-parts industry the best growth story in US retail -- outside of the internet this decade. Over the past ten years the four biggest public parts groups AutoZone, O'Reilly Automotive, Advance and Genuine Parts have seen their market capitalizations expand by over $50 billion. The two outstanding performers are AutoZone and O’Reilly, which have both returned and 600% to shareholders over the past decade. Growth...