Welcome to our dedicated page for O'Reilly Automotive news (Ticker: ORLY), a resource for investors and traders seeking the latest updates and insights on O'Reilly Automotive stock.
O'Reilly Automotive, Inc. (symbol: ORLY) is a prominent retail chain specializing in aftermarket automotive parts. Founded by C.F. and Chub O'Reilly on December 2, 1957, the company started with just one store in Springfield, Missouri, and has since expanded to operate over 6,000 stores across the United States and Mexico.
With a commitment to exceptional customer service and extensive auto parts availability, O'Reilly serves both the do-it-yourself market (55% of sales) and professional installers (45% of sales). The company's robust hub-and-spoke distribution network ensures that each store maintains a comprehensive inventory to meet varied customer needs effectively.
Over the years, O'Reilly has experienced significant financial growth. Starting with first-year sales of $700,000, the company reached $1.3 million by 1961. Today, O'Reilly generates nearly $16 billion in annual sales, reflecting its strong market presence and operational excellence.
O'Reilly's long-term success is bolstered by its dedicated team of over 68,000 members, who contribute to its ongoing expansion and innovation. The company also invests in strategic partnerships, such as its collaboration with Vast-Auto Distribution, to enhance its service offerings and supply chain efficiency.
Despite operating in a fragmented industry, O'Reilly distinguishes itself through superior customer support throughout the vehicle diagnosis and purchasing process. Its localized store network ensures that customers can access the right parts for various vehicle makes and models promptly, cementing O'Reilly's reputation as a leader in the automotive aftermarket industry.
O'Reilly Automotive reported a strong third quarter ending September 30, 2022, with a 7.6% increase in comparable store sales and a record $3.80 billion in revenue, up 9% year-over-year. Diluted earnings per share rose 14% to $9.17. Year-to-date, the company opened 154 new stores and anticipates reaching 180 new store openings in 2023. Despite a 5% decline in net income for the first nine months, the company maintains an optimistic outlook, with updated full-year guidance projecting $14.1 billion to $14.3 billion in total revenue.
O'Reilly Automotive, Inc. (Nasdaq: ORLY) has announced that it will release its third quarter 2022 financial results on October 26, 2022, after 3:30 p.m. Central Time. A conference call will follow on October 27, 2022, at 10:00 a.m. Central Time, where executives will discuss the results. Interested analysts can join the call via a provided dial-in number. The financial results will be accessible on the company’s website, www.OReillyAuto.com, in the Investor Relations section.
O'Reilly Automotive (ORLY) reported a 4.3% increase in comparable store sales for Q2 2022, with a 30.4% three-year stack growth. Total revenue rose 6% to $3.67 billion, while net income fell 1% to $577 million. Despite increased sales, gross profit margin declined from 52.7% to 51.3%. Year-to-date, revenue grew 6% to $6.97 billion. The company revised its full-year comparable store sales guidance to 3% to 5% due to inflation pressures. O'Reilly repurchased 2.2 million shares in Q2 for $1.38 billion.
O’Reilly Automotive, Inc. (Nasdaq: ORLY) has announced the release date for its Q2 2022 earnings on July 27, 2022, after 3:30 p.m. Central Time. A follow-up conference call will take place on July 28, 2022, at 10:00 a.m. Central Time, available via webcast on the company’s website. Investors can view the financial results on O’Reilly's Investor Relations page. The company operates 5,811 stores in 47 U.S. states and 27 in Mexico, serving both DIY and professional service markets.
O'Reilly Automotive (Nasdaq: ORLY) reported a 4.8% increase in comparable store sales for Q1 2022, building on 24.8% growth the previous year, leading to a two-year stacked increase of 29.6%. Revenue grew 7% to $3.30 billion, while gross profit rose 4% to $1.71 billion, equating to 51.8% of sales. However, net income fell by 4% to $482 million. The company also initiated a CFO transition, with Tom McFall stepping down from the CFO role effective May 9, 2022. Full-year guidance remains steady, with expected total revenue between $14.2 billion and $14.5 billion.
O'Reilly Automotive, Inc. (Nasdaq: ORLY) has scheduled its first quarter 2022 earnings release for April 27, 2022, after 3:30 p.m. Central Time, followed by a conference call on April 28, 2022, at 10:00 a.m. Central Time. Investors can access the results on the company's website and participate in the conference call via webcast. O'Reilly Automotive is a leading retailer in the automotive aftermarket sector, operating 5,759 stores in the U.S. and 25 in Mexico, serving both DIY and professional markets.
O'Reilly Automotive (ORLY) reported impressive financial results for Q4 and full-year 2021, showcasing a 14.5% increase in comparable store sales in Q4, contributing to a 13.3% growth for the year. Q4 revenue rose by 16% to $3.29 billion, while net income surged 32% to $519 million. Full-year revenue jumped 15% to $13.33 billion, with diluted earnings per share at $31.10, marking a 32% rise. The company plans to continue strong customer demand and anticipates 5%-7% comparable store sales growth for 2022.
O'Reilly Automotive (Nasdaq: ORLY) will release its fourth quarter and full-year 2021 results on February 9, 2022, at 3:30 p.m. Central Time. A conference call to discuss these results is scheduled for February 10, 2022, at 10:00 a.m. Central Time. Investors can access the earnings report on the company's website, and the call will be available via webcast. O'Reilly Automotive is a leading retailer in the automotive aftermarket industry, with over 5,740 stores across the U.S. and 22 in Mexico as of September 30, 2021.
O'Reilly Automotive announced the appointment of Fred Whitfield to its Board of Directors, expanding the Board to 10 members, seven of whom are independent directors. This move aims to enhance the Board's strength and diversity, bringing in Whitfield's extensive experience in law, brand management, and business development. Chairman Greg Henslee emphasized that Whitfield's addition aligns with the Company's focus on long-term growth and effective governance. O'Reilly operates 5,740 stores in the U.S. and has a significant presence in the automotive aftermarket industry.
O'Reilly Automotive (ORLY) reported record financial results for Q3 2021, highlighting a 6.7% increase in comparable store sales and a 14% rise in diluted earnings per share to $8.07. Total revenue for the quarter reached $3.48 billion, up 8% year-over-year. Year-to-date financials showed sales growth of 14% to $10.04 billion and net income increasing 21% to $1.65 billion. The company plans to open 175 to 185 new stores in 2022, reflecting strong performance despite potential pandemic-related volatility.
FAQ
What is the current stock price of O'Reilly Automotive (ORLY)?
What is the market cap of O'Reilly Automotive (ORLY)?
What is O'Reilly Automotive, Inc.?
When was O'Reilly Automotive founded?
How many stores does O'Reilly Automotive operate?
What is the annual revenue of O'Reilly Automotive?
What is the sales split between DIY and professional markets for O'Reilly?
Where is O'Reilly Automotive headquartered?
What distinguishes O'Reilly Automotive from competitors?
How many employees does O'Reilly Automotive have?
What are some key partnerships of O'Reilly Automotive?
What is O'Reilly Automotive's distribution strategy?
