covers retail at Roth Capital Partners. Bill, the call is getting a lot of attention, so we appreciate you coming on Power Launch. What's the primary thesis behind that cell rating.Yeah, the Thanks for having me. The the primary thesis is when you you unpack the quarter, there's a lot of key metrics that are going the incorrect way. Uh if you take a look at traffic, whether it's in the United States or even the worldwide number, it's decelerating.It decelerated this quarter from last quarter, which decelera ...

Core Insights - O'Reilly Automotive has been a top-performing stock with a remarkable increase of 61,200% since its IPO in 1993, benefiting from a strong business model and relationships with repair shops [1][7] - The stock is currently trading at a price-to-earnings ratio of 34, which is higher than the S&P 500's 28, indicating it is historically expensive [4] - The company reported a 5.6% increase in comparable sales and a 12% rise in earnings per share to $0.85 in its third-quarter report, alongside a 9% increase in operating income [5] Company Performance - O'Reilly does not pay dividends but has focused on stock buybacks, reducing shares outstanding by almost 3% over the past year, which has contributed to its long-term performance [5] - The company has raised its full-year outlook, projecting comparable sales growth of 4%-5%, indicating confidence in its market position despite rising pressures in the auto market [9] Market Position - O'Reilly's business model is countercyclical, performing well during recessions as consumers tend to delay new car purchases and invest more in repairs [8] - The company continues to open new stores and maintains a balanced sales approach between DIY and DIFM channels, positioning it for long-term growth [10]