Past returns don't guarantee future results, but this company has proven its worth.The S&P 500 has climbed at a solid clip in recent years. Since November 2014, the index has generated a total return of 253% (about 13.2% annualized per year), which is above its typical annualized gain of roughly 10%.There's one unstoppable stock, though, that has crushed the broader market in the past decade, rising an impressive 581% during that time (as of Nov. 11). This would have turned a $10,000 investment into $68,000 ...

O’Reilly Automotive, Inc. ORLY reported third-quarter financial results and issued FY24 EPS guidance below estimates, after the closing bell on Wednesday.O’Reilly Automotive reported quarterly earnings of $11.41 per share which missed the analyst consensus estimate of $11.61 per share. The company reported quarterly sales of $4.36 billion which missed the analyst consensus estimate of $4.43 billion.The company said it sees FY24 total revenue of $16.6 billion to $16.8 billion, versus estimates of $16.75 bill ...

Financial Data and Key Metrics Changes - Comparable store sales increased by 1.5% in Q3 2024, following increases of 8.7% and 7.6% in Q3 2023 and 2022 respectively [6][13] - Total revenues for 2024 are expected to be between $16.6 billion and $16.8 billion [25] - Diluted EPS for the quarter increased by 6%, with year-to-date diluted EPS growth at 7% [26] - The effective tax rate for Q3 was 21.5%, down from 23.2% in Q3 2023 [25][26] Business Line Data and Key Metrics Changes - Professional business saw mid-single-digit comparable store sales growth, driven primarily by increased ticket counts [7][8] - DIY comparable store sales were down approximately 1% due to negative ticket count comps [8] - Gross margin for Q3 was 51.6%, up 18 basis points from Q3 2023 [15][16] - SG&A per store grew by 4.2% in Q3, with expectations for full-year growth between 3.5% to 4% [17][18] Market Data and Key Metrics Changes - The North American car park continues to grow and age, leading to sustained demand for vehicle maintenance [11][12] - The company is experiencing softness in discretionary categories, which are not primary drivers of comparable store sales performance [9][10] Company Strategy and Development Direction - The company is tightening its full-year comparable store sales guidance to an increase of 2% to 3% [13] - Plans to open 190 to 200 new stores in 2024, with a target of 200 to 210 new stores for 2025 [20][21] - The company remains committed to providing excellent customer service and maintaining strong relationships with customers [10][14] Management's Comments on Operating Environment and Future Outlook - Management believes current industry headwinds will be short-lived, with confidence in long-term demand drivers [11][12] - The company is cautious about macroeconomic pressures but expects a return to historical growth rates in the short term [12][14] - Management acknowledges the impact of weather events but views them as neutral overall for sales performance [7][34] Other Important Information - Inventory per store finished the quarter at $781,000, up 3% from the previous year [19] - The company repurchased 499,000 shares at an average price of $1,084 during Q3, totaling $541 million [28] Q&A Session Summary Question: Supply chain and market expansion in the Northeast - Management expressed excitement about the new Mid Atlantic distribution center and its potential to open up opportunities in the Northeast market [30][31] Question: Impact of hurricanes on sales - Management indicated that while there were disruptions due to hurricanes, the overall impact on comparable store sales was minimal [33][34] Question: Short-lived headwinds and market confidence - Management reiterated confidence in returning to normal industry growth post-election and inflation moderation [38][39] Question: Preparing for potential tariffs - Management is confident in their ability to pass through increased costs from tariffs, citing past experiences [48][49][62] Question: Deferred maintenance dynamics - Management noted that while there has been some softness in discretionary spending, maintenance categories remain strong [52][54]

O’Reilly Automotive, Inc. (ORLY) reported third-quarter 2024 adjusted earnings per share (EPS) of $11.41, which missed the Zacks Consensus Estimate of $11.53. However, the bottom line increased from $10.72 reported in the prior-year quarter. The automotive parts retailer registered quarterly revenues of $4.36 billion, missing the Zacks Consensus Estimate of $4.43 billion. The top line, however, increased 3.8% year over year.Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.During the ...

For the quarter ended September 2024, O'Reilly Automotive (ORLY) reported revenue of $4.36 billion, up 3.8% over the same period last year. EPS came in at $11.41, compared to $10.72 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.43 billion, representing a surprise of -1.38%. The company delivered an EPS surprise of -1.04%, with the consensus EPS estimate being $11.53.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

O'Reilly Automotive (ORLY) came out with quarterly earnings of $11.41 per share, missing the Zacks Consensus Estimate of $11.53 per share. This compares to earnings of $10.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.04%. A quarter ago, it was expected that this auto parts retailer would post earnings of $10.95 per share when it actually produced earnings of $10.55, delivering a surprise of -3.65%.Over the last four q ...

Exhibit 99.1 FOR IMMEDIATE RELEASE O'REILLY AUTOMOTIVE, INC. REPORTS THIRD QUARTER 2024 RESULTS ● Third quarter comparable store sales growth of 1.5% ● 6% increase in third quarter diluted earnings per share to $11.41 ● $2.4 billion net cash provided by operating activities year-to-date Springfield, MO, October 23, 2024 – O'Reilly Automotive, Inc. (the "Company" or "O'Reilly") (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue and earnings for its third ...

Third quarter comparable store sales growth of 1.5%6% increase in third quarter diluted earnings per share to $11.41$2.4 billion net cash provided by operating activities year-to-date SPRINGFIELD, Mo., Oct. 23, 2024 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue and earnings for its third quarter ended September 30, 2024. 3rd Quarter Financial ResultsBrad Beckham, O’Reilly’s ...

In its upcoming report, O'Reilly Automotive (ORLY) is predicted by Wall Street analysts to post quarterly earnings of $11.54 per share, reflecting an increase of 7.7% compared to the same period last year. Revenues are forecasted to be $4.43 billion, representing a year-over-year increase of 5.3%. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projection ...

O'Reilly Automotive, Inc. (NASDAQ: ORLY ) is one of the largest specialty auto retailers supplying parts, tools, equipment, and other auto goods in the US, Puerto Rico, Mexico, and Canada. The company sells to both professional service providers and casual retail customers. With over 6,000 stores Earnings analysis of individual stocks and macro analysis of broad asset class, sector and country-specific funds to discover trends using a top-down approach. For more content visit my website or follow me on Twit ...