O’Reilly Automotive(US:ORLY)2025-07-02 07:09Company Overview - O'Reilly operates 6,152 stores in 48 states, 69 stores in Mexico, and 23 stores in Canada as of June 30, 2024 [15] - The company's last-twelve-months sales reached $163 billion as of June 30, 2024 [15] - O'Reilly's market capitalization was $66 billion as of July 31, 2024 [15] - The split between Do-It-Yourself (DIY) and Professional sales was 53% and 47% respectively for the year ended December 31, 2023 [15] Financial Performance & Guidance - O'Reilly reported a 28% comparable store sales increase year-to-date in 2024 [18] - The company's gross margin was 509% year-to-date in 2024 [18] - Operating margin reached 196% year-to-date in 2024 [18] - Diluted EPS was $1975, with a 3-year CAGR of 9% [18] - O'Reilly generated $12 billion of free cash flow and repurchased $106 billion under the share repurchase program year-to-date in 2024 [18] - The full-year 2024 guidance includes $166 - $169 billion in sales and $4075 - $4125 in diluted earnings per share [20, 116, 120] Strategic Investments & Expansion - O'Reilly expects $900 million - $1 billion in total capital expenditures for 2024 [43] - The company is undertaking distribution network expansion projects in Atlanta, GA, Lakeland, FL, and Stafford, VA [44] - O'Reilly plans to open 190-200 net new stores in 2024 [20, 116] - In Mexico, 7 new stores were opened in the first 6 months of 2024, bringing the total to 69, with 15-20 more expected by year-end [51] - O'Reilly acquired Groupe Del Vasto in Canada in January 2024, adding 2 distribution centers and 23 stores [56]