08 Oct ORLY
O’Reilly Automotive Inc. sells auto parts. They will be a victim of self-driving electric cars. Self-driving cars mean less cars on the road. Electric cars have far less moving parts and don’t break down like gas powered vehicles. In short, the need for auto parts will plummet over the next few years. At the time we shorted ORLY, it was trading at a P/E of 27 – extremely expensive relative to its future prospects.