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O'Reilly Automotive, Inc. - ORLY STOCK NEWS

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.

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O'Reilly Automotive, a leading automotive aftermarket retailer, will release its Q2 2024 earnings on July 24, 2024, after 3:30 p.m. Central Time. The company will host a follow-up conference call on July 25, 2024, at 10:00 a.m. Central Time. Investors can access the results and the webcast through the company's website. A replay of the call will be available until July 24, 2025. O'Reilly Automotive, founded in 1957, operates 6,217 stores across the U.S., Puerto Rico, Mexico, and Canada, catering to DIY customers and professional service providers.

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O’Reilly Automotive, Inc. (ORLY) reported strong first quarter 2024 results with a 3.4% increase in comparable store sales and an 11% rise in diluted earnings per share to $9.20. The company completed the acquisition of Groupe Del Vasto in January. Revenue increased by 7% to $3.98 billion, gross profit rose by 8% to $2.03 billion, and net income grew by 6% to $547 million. Operating income increased by 5% to $752 million. O’Reilly opened 37 stores in the US and Mexico, and began operations in Canada after acquiring Vast Auto. Overall, the company's performance showcased strong growth and strategic expansion.
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O'Reilly Automotive, Inc. (ORLY) announces the release date for its first quarter 2024 results on April 24, 2024, with a conference call on April 25, 2024. Investors can access the results on the company's website and listen to the conference call discussing the financial results. Interested analysts can join the call using the provided dial-in number.
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O'Reilly Automotive, Inc. (ORLY) announced record revenue and earnings for the fourth quarter and full-year ended December 31, 2023. The results include 31 consecutive years of comparable store sales growth and record revenue and operating income. The fourth quarter saw a 3.4% increase in comparable store sales and an 11% increase in diluted earnings per share. Full-year results include a 7.9% increase in comparable store sales and a 15% increase in diluted earnings per share. The company also completed its previously announced Leadership Succession Plan.
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O’Reilly Automotive, Inc. (ORLY) announces the release date for its fourth quarter and full-year 2023 results on February 7, 2024, with a conference call to follow on February 8, 2024. The results will be available on the Company’s website, and investors can join the conference call to discuss the financial results for the fourth quarter and full-year of 2023.
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O’Reilly Automotive, Inc. (Nasdaq: ORLY) has entered into a definitive stock purchase agreement to acquire Groupe Del Vasto, a highly respected auto parts supplier in Canada, operating as Vast-Auto Distribution. The acquisition is expected to be completed in January 2024, subject to customary closing conditions and regulatory approvals. Vast-Auto has been serving the Canadian automotive aftermarket for over 35 years, with two distribution centers, six satellite warehouses, 23 company-owned stores, and a widespread service reach to independent partners and customers across Eastern Canada.
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O'Reilly Automotive, Inc. (ORLY) reports record revenue and earnings for Q3 2023 with an 8.7% increase in comparable store sales and a 17% increase in diluted earnings per share to $10.72. They also raised their full-year 2023 comparable store sales guidance to a range of 7.0% to 8.0%. The company repurchased 0.9 million shares of its common stock during Q3 2023.
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O'Reilly Automotive, Inc. announces the release date for its Q3 2023 results on October 25, 2023, with a conference call on October 26, 2023.
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O'Reilly Automotive reports strong Q2 results with a 9.0% increase in comparable store sales and a 16% increase in diluted earnings per share. The company also announces an executive leadership succession plan.
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O'Reilly Automotive, Inc. announced its leadership succession plan as CEO Greg Johnson plans to retire on January 31, 2024. Brad Beckham, the Co-President, will become the new CEO, and Brent Kirby, also Co-President, will be promoted to President.
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FAQ

What is O'Reilly Automotive, Inc.?

O'Reilly Automotive, Inc. (ORLY) is a leading retailer of aftermarket automotive parts, serving both DIY and professional markets.

When was O'Reilly Automotive founded?

O'Reilly Automotive was founded on December 2, 1957, by C.F. and Chub O'Reilly.

How many stores does O'Reilly Automotive operate?

O'Reilly Automotive operates over 6,000 stores across the United States and Mexico.

What is the annual revenue of O'Reilly Automotive?

O'Reilly Automotive generates nearly $16 billion in annual sales.

What is the sales split between DIY and professional markets for O'Reilly?

O'Reilly's sales are split with approximately 55% from DIY customers and 45% from professional installers.

Where is O'Reilly Automotive headquartered?

O'Reilly Automotive is headquartered in Springfield, Missouri.

What distinguishes O'Reilly Automotive from competitors?

O'Reilly differentiates itself through superior customer service, a robust distribution network, and its ability to provide a wide range of automotive parts for various makes and models.

How many employees does O'Reilly Automotive have?

O'Reilly Automotive employs over 68,000 team members.

What are some key partnerships of O'Reilly Automotive?

One key partnership is with Vast-Auto Distribution, which enhances O'Reilly's service offerings and supply chain efficiency.

What is O'Reilly Automotive's distribution strategy?

O'Reilly utilizes a hub-and-spoke distribution network to ensure local stores have ample product availability across various vehicle makes and models.

O'Reilly Automotive, Inc.

Nasdaq:ORLY

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61.83B
58.89M
0.94%
88.18%
1.69%
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