Chris Wong - BNN - TOP PICK O’REILLY AUTOMOTIVE INC (ORLY NASD)
O’Reilly Automotive is the largest specialty retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S. with more than 5,900 stores. With nearly US$17 billion in forecasted 2024 revenue, O’Reilly Automotive sells products to do-it-yourself customers, professional mechanics and service technicians. The company is well-positioned to benefit from industry tailwinds, such as the growing need for maintenance and repairs due to the aging automotive vehicle fleet in the U.S. Indeed, the average age of an automotive vehicle in the U.S. is about 13 years. The automotive aftermarket industry is also known for its business resilience given that the maintenance and repair of vehicles continue despite economic slowdowns.