5 Best Auto Components and Parts Stocks to Buy Now

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1. O’Reilly Automotive Inc. (NASDAQ:ORLY)

Number of Hedge Fund Holders: 52

O’Reilly Automotive Inc. (NASDAQ:ORLY) ranks first in our list of the best auto components and parts stocks to buy now. As of the end of the second quarter of 2023, 52 hedge funds out of the 910 hedge funds tracked by Insider Monkey had stakes in O’Reilly Automotive Inc. (NASDAQ:ORLY). The biggest hedge fund stakeholder of O’Reilly Automotive Inc. (NASDAQ:ORLY) during this period was Charles Akre’s Akre Capital Management which owns a $1 billion stake in the company.

In July O’Reilly Automotive Inc. (NASDAQ:ORLY) posted Q2 results. GAAP EPS in the period came in at $10.22 beating estimates by $0.14. Revenue in the quarter jumped 10.9% year over year to $4.07 billion, beating estimates by $60 million.

TimesSquare U.S. Mid Cap Growth Strategy made the following comment about O’Reilly Automotive, Inc. (NASDAQ:ORLY) in its Q4 2022 investor letter:

“Another boost came from O’Reilly Automotive, Inc. (NASDAQ:ORLY), a specialty retailer of after-market automotive parts and accessories, which scored a 20% gain. Revenues and earnings surpassed sell-side estimates on higher same store comparisons. Their do-it-for-me professional mechanic business generated double-digit growth while do-it-yourself increased sales by a modest amount.”

You can also take a peek at 16 $100K Jobs No One Wants and 20 Easiest Jobs That Pay $100K.

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