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O'Reilly Automotive, Inc. is a leading auto parts retailer with over 6,000 stores and $16 billion in revenues, boasting a market cap of $66.8 billion. Investors favor O'Reilly Automotive for its strong revenue and cash flow, with impressive returns of 25.9% over the last year and 196.0% over five years. ORLY's valuation is stretched with a forward P/E ratio of 28.4x, posing risks amid a tougher macro environment for consumer discretionary stocks.
SPRINGFIELD, Mo., Oct. 01, 2024 (GLOBE NEWSWIRE) -- O'Reilly Automotive, Inc. (the “Company” or “O'Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, announces the release date for its third quarter 2024 results as Wednesday, October 23, 2024, with a conference call to follow on Thursday, October 24, 2024.
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O'Reilly Automotive (ORLY) reported earnings 30 days ago. What's next for the stock?
The automotive sector aftermarket industry is projected to reach a staggering $400 billion valuation by 2025, which presents a compelling investment opportunity. Several factors propel this growth, including a progressively aging vehicle fleet, a steady rise in miles driven, and a consistent escalation in demand for vehicle maintenance and repairs.
This boring business doesn't invite much disruption, leading to its durable competitive position. Strong revenue and earnings growth, coupled with aggressive share buybacks, have pushed up the stock price.
O'Reilly Automotive Inc. slightly missed expectations in its Q2 results but outperformed its competitors and continues gaining market share. Despite margin decrease due to acquisitions and changing revenue composition, inventory turnover improved, and store growth remains on track. Share buybacks accelerated in Q2 due to a temporary decrease in valuation multiples.
O'Reilly Automotive, Inc. ORLY reported worse-than-expected second-quarter financial results and issued FY24 guidance below estimates, after the closing bell on Wednesday.
O'Reilly (ORLY) expects 2024 earnings per share in the range of $40.75-$41.25, down from the previous estimate of $41.35-$41.85.