Chuck Akre (Trades, Portfolio)'s firm, Akre Capital Management, employs a “classic value approach” to investing. During the third quarter, the firm increased its O’Reilly Automotive Inc. (ORLY, Financial) position 58.72%.
The firm invested in 700,600 shares for an average price of $198.08 per share, increasing the portfolio 2.21%.
Company offers good growth potential
O’Reilly CEO Greg Henslee said key sales drivers included “high levels of customer service” provided by the team members and “enhanced services and programs” offered in the company’s stores, which reached 5,000 on Oct. 20. Such drivers contributed to a strong three-year compound annual growth rate (CAGR) of sales, which are outperforming 86% of global competitors.
O’Reilly has a profitability rank of 8 and a predictability rank of five stars, both suggesting strong short-term growth potential. The company’s margins and returns are near a 10-year high and outperform over 93% of global competitors.
You still have time to register for our value conference
Akre will be the keynote speaker for our value conference May 4, the day before Warren Buffett (Trades, Portfolio)’s 2018 Berkshire Hathaway Inc. (BRK.A, Financial)(BRK.B, Financial) annual shareholder meeting. If you register for the conference before Dec. 15, you will get our current early-bird price of $775, which includes the Thursday evening dinner.
Premium members can access a wide variety of “guru stock ideas” features, including real-time picks, sector picks, the aggregated portfolio and the new user-defined GURUG function. Additionally, you get $50 off the conference price if you are Premium member. You can register for our conference by following this link.
Disclosure: I do not have positions in the stocks mentioned.
