First thing to say, I’m not a car guy at all. I have almost no interest in the subject and I’ve never made any manipulation on a car except for checking oil level and using traction aids. So, I don’t have the right profile to be excited by that kind of place.
And it happened exactly like it should: I wasn’t excited about that american equivalent to a Canadian Tire. It smelled car stuff, it was full of parts and furniture for the car. The prices didn’t look like a bargain. But, again, I’m not the right guy to judge about that kind of place.
It’s a bit like Ulta Beauty. Both are great businesses/stocks (high ROE, very high predictability, good growth) but both are aimed at a specific target (girls and alpha males) and are not that cheap.
However, both offer almost all you need in a single place (stuff and service) and have a wide network. So, you don’t go there to save money. You go there because you’ll find what you need and you’ll get help if you need it.
But, boring visit if you ask me. Five minutes in a Ulta Beauty and an O’Reilly were enough for the rest of my life.
Happy 4th of July by the way, you, fat-eating Americans.