2. 歐萊利汽車

????美國人駕車的時間越來越長。它意味著美國人對汽車零部件的需求有增無減。對軒尼詩焦點基金（Hennessy Focus Fund）的經理布萊恩?麥考利來說，這正是他的重倉股歐萊利汽車（O'Reilly Automotive，財富500強企業）魅力四射的關鍵所在。這支基金由于在過去十年里重倉持有少數股票而實現12.9%的平均回報率。歐萊利汽車銷售一系列汽車用品及配件。與競爭對手納帕汽車零件公司（Napa Auto Parts）及AutoZone公司（財富美國500強企業）不同的是，歐萊利汽車在全美擁有4,000家門店，在直接消費者和汽車修理店兩個細分市場的表現同樣出色。歐萊利的毛利率（目前超過50%）以及經營利潤率已經連年攀升。麥考利稱，考慮到歐萊利優越的增長性和管理層的執行力，它完全能夠超越同行獲得17倍的市盈率。他預計，未來5到8年內，歐萊利的門店的增長幅度將介于5%至6%之間，主要是內生增長。但是他補充說，公司高管們還有另外的高招：不多花一分錢就能達成明智的收購交易。

--凱蒂?貝納

2. O'Reilly Automotive

????Americans are driving their cars for longer and longer. That means they have ever more need for auto parts. For Brian Macauley, manager of the Hennessy Focus Fund (HFCSX), which has averaged 12.9% returns for a decade by holding big positions in a small number of stocks, that's a key part of the appeal of O'Reilly Automotive (ORLY, Fortune 500), one of his top holdings. The company sells a wide array of auto supplies and accessories. Unlike rivals such as Napa Auto Parts and AutoZone (AZO, Fortune 500), O'Reilly, which has 4,000 stores nationwide, is equally adept at selling to both consumers and garages. O'Reilly's gross margins (now above 50%) and operating margins have been climbing for years, and Macauley says the company's superior growth and execution justify its above-category price/earnings ratio of 17. He anticipates 5% to 6% store growth over the next five to eight years. Much of this will be organic, but he says the company's executives have yet another skill: making smart acquisitions without overpaying.

--Katie Benner