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O’Reilly Automotive Stock Hits All-Time High Amid Strong Earnings Performance
O’Reilly Automotive Stock Hits All-Time High Amid Strong Earnings Performance
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O'Reilly Automotive (ORLY -0.27%) surged to a record high in early September, defying its three-decade history as a publicly traded company. The auto parts retailer posted a 6% year-over-year revenue increase to $4.5 billion in Q2, fueled by 4% same-store sales growth. Net income climbed 7% to $669 million, meeting analyst expectations.
The company raised its full-year comps guidance to 3%-4.5%, signaling confidence in sustained demand. Shares have accelerated 10% post-earnings, dramatically outperforming the broader market's sub-3% gain. This momentum appears driven less by quarterly results than by structural industry tailwinds.
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