Overview

* O'Reilly Q3 revenue up 8% to $4.71 bln, slightly above analyst expectations, per LSEG data

* Comparable store sales increased 5.6% in Q3

* Diluted EPS for Q3 increased 12% to $0.85

Outlook

* O'Reilly raises full-year comparable store sales guidance to 4.0% to 5.0%

* Company expects full-year revenue between $17.6 bln and $17.8 bln

* O'Reilly revises full-year income tax rate to 21.6%

Result Drivers

* COMPARABLE STORE SALES - 5.6% increase in comparable store sales attributed to effective execution of business model

* CUSTOMER SERVICE - Exceptional customer service cited as a driver for robust sales growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $4.71 $4.69

bln bln (22

Analysts

)

Q3 EPS $0.85

Q3 Net $726 mln

Income

Q3 5.60%

Comparab

le Sales

Growth

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 24 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"

* Wall Street's median 12-month price target for O'Reilly Automotive Inc is $110.50, about 8.3% above its October 21 closing price of $101.31

* The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 29 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)