One-Minute Pitch
One of 3 leading aftermarket auto-parts retailer in the US. Second largest in terms of store-count.
Narrow Moat: Strength of Brand and Economies of Scale (cost advantages) afforded by its large distribution infrastructure.
4-star business and 4-star investment.
Last-traded price of $547 implies a sales growth CAGR of 0.8%. Very conservative in our view and implies its undervalued.
Our valuation model implies an intrinsic value ranging from $709-$847 per share, a Margin of Safety ranging between 23 to 36%.
Our investor return model implies an Investor return CAGR% ranging between 10 to 16% over 10 years.
We recommend a Buy.
For full report, see link below
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