O’Reilly Automotive

O'Reilly Automotive is one of the largest retailers of aftermarket auto parts in the United States, serving both do-it-yourself customers and professional repair shops through thousands of stores and a highly efficient distribution network. Its dual-market model and dense store footprint have made it one of the most consistent compounders in retail. O'Reilly pays no dividend. Management has long favoured funnelling all excess cash into share repurchases, and over many years those buybacks have sharply reduced the share count and driven per-share value higher. The absence of a payout, reflected in a low income score, is a deliberate capital-allocation choice, not a sign of trouble. This is a growth and buyback story for investors seeking capital appreciation rather than income.