O REILLY AUTOMOTIVE (ORLY) Company Report

In the last 18 months, O'Reilly expanded its dual market strategy into 100+ stores in Mexico and acquired Vast-Auto in Canada, highlighting continued North America growth opportunities.
The company operates 31 regional distribution centers and over 300 hub stores, replenishing each retail location multiple times daily to guarantee time-definite parts availability.
O'Reilly plans 200–210 new store openings in the current year and 225–235 next year, maintaining a disciplined ROI approach and focusing on assembling high-quality store teams.
Management expects to have passed through the majority of tariff-driven cost increases, with pricing set dynamically in a rational market, and underscores the resilience of vehicle maintenance demand despite consumer pressures.

Nov 4, 2025, 9:30 PM

Transcript

O’Reilly Automotive outlines growth strategy at 49th Annual Automotive Symposium

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New Projects/Investments

Demand Weakening

O’Reilly operates a dual market strategy in retail and wholesale, serving roughly 10% of the North American addressable market and pursuing international growth with 100+ stores in Mexico and the Vast Auto acquisition in Canada.
Its distribution network includes 31 regional DCs and 300+ hub stores, replenishing every location five nights a week and via multiple daytime runs within a 250-mile radius to ensure high parts availability.
Organic growth is the primary use of capital, with plans to open 200–210 new stores in 2025 and 225–235 in 2026, supported by a new Mid-Atlantic distribution center and focus on assembling professional store teams for strong ROI.
The company has passed through most tariff-driven cost increases, employs dynamic weekly pricing to maintain its value premium, and expects pricing to normalize by late 2026.
Aftermarket demand remains resilient, with steady professional (DIFM) channel performance and only modest DIY big-ticket deferral observed, underpinned by the essential nature of vehicle maintenance.

Nov 4, 2025, 9:30 PM

Transcript

O'Reilly Automotive reports Q3 2025 earnings and raises guidance

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Earnings

Guidance Update

Revenue of $4.71 billion for Q3 2025, up about 7.8%–8% year-over-year, surpassing analyst expectations.
GAAP EPS of $0.85–$0.86, beating consensus estimates.
Raised full-year 2025 revenue guidance to $17.6 billion–$17.8 billion.
Comparable store sales increased by 5.6%, while free cash flow margin declined to 6.3% from 11.5% a year ago.
Balance sheet shows a current ratio of 0.72 and debt-to-equity of –6.75, with an interest coverage ratio of 14.6.

Oct 23, 2025, 12:06 AM

Bloomberg

O'Reilly Auto Parts reports Q2 2025 earnings

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Earnings

Guidance Update

New Projects/Investments

Company delivered a 4.1% comparable store sales increase and $0.78 EPS in Q2, driven by strong professional business growth and DIY ticket size gains.
Raised full-year comparable store sales guidance to 3.0%–4.5% (midpoint +75 bps) and updated EPS guidance to $2.85–$2.95 following a 15-for-1 stock split.
Q2 gross margin was 51.4%, up 67 bps year-over-year; maintained full-year gross margin outlook of 51.2%–51.7% despite tariff-related cost pressures.
Revised full-year SG&A per store growth to 3.0%–3.5%, with operating profit margin expected between 19.2%–19.7%.
Opened 105 net new stores in H1 2025 and announced new distribution centers: a Haslet, TX DC (2027 start) and Stafford, VA DC (late 2025 start) to support future expansion.

Jul 24, 2025, 7:45 PM

O'Reilly Automotive 8-K: Board Update and Stock Split Announcement

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Board Change

Proxy Vote Outcomes

Board Elections and Change: At the Annual Meeting on May 15, 2025, shareholders elected new directors and accepted Larry O'Reilly’s resignation in line with the mandatory retirement policy.
Stock Split and Increase in Authorized Shares: Shareholders approved amending the Articles of Incorporation to boost authorized common shares from 245M to 1.25B as part of a 15-for-1 stock split with a special stock dividend scheduled.

May 19, 2025, 12:00 AM

8-K

O'Reilly Automotive Reports Q1 2025 Results

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Earnings

Guidance Update

Share Buyback

EPS guidance increased to a range of $42.90–$43.40 with the announcement of a pending 15:1 stock split, reflecting strong Q1 performance and strategic cost management.
Gross margins were reported at 51.3% in Q1 with full-year guidance maintained at 51.2%–51.7%, supported by a stable pricing environment and controlled tariff impacts.
Sales performance drove Q1 revenue to $161 million, boosted by a 3.6% increase in comparable store sales and an additional $73 million from new stores, alongside free cash flow of $455 million.
Capital and liquidity management were highlighted by the repurchase of 431,000 shares for $559 million and the extension of the revolving credit facility to $2.25 billion over an additional 5-year period.

Apr 24, 2025, 3:01 PM

Transcript

O’Reilly Automotive Reports Q1 2025 Results

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Earnings

Share Buyback

Guidance Update

Record revenue achieved with Q1 sales of $4.14 billion, representing a 4% increase from the prior year, with comparable store sales up 3.6%.
Earnings details show gross profit increased to $2.12 billion, operating income decreased slightly to $741 million, and net income fell 2% to $538 million, while EPS rose to $9.35.
The company executed significant share repurchases, buying 0.4 million shares at an average price of $1,297.15 and an additional 0.1 million shares, with approximately $1.81 billion remaining under its current repurchase authorization.

Apr 23, 2025, 12:00 AM

8-K

O’Reilly Automotive Establishes New Credit Facility and Updates Commercial Paper Program

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Debt Issuance

On March 31, 2025, the company entered into a First Amended and Restated Credit Agreement establishing a five-year unsecured revolving credit facility of $2.25 billion, maturing in March 2030, with provisions to potentially increase total commitments by up to $900 million (to a maximum of $3.15 billion).
The company also increased its commercial paper program limit from $1.8 billion to $2.25 billion, thereby enhancing its liquidity options.

Apr 1, 2025, 12:00 AM

8-K

O'Reilly Automotive Approves 15-for-1 Stock Split

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Board of Directors approved a 15-for-1 stock split of common stock, pending shareholder approval to increase the number of authorized shares, aiming to enhance employee participation in the stock purchase program.
If approved, shareholders of record as of June 2, 2025, will receive 14 additional shares per share held, with distribution after market close on June 9, 2025, and trading on a post-split basis beginning June 10, 2025.

Mar 13, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for O REILLY AUTOMOTIVE.

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