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O'Reilly Automotive's fourth-quarter revenue rises
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O'Reilly Automotive's fourth-quarter revenue rises
Feb 5, 2025 3:51 PM

Feb 5 (Reuters) - Auto parts distributor O'Reilly Automotive Inc reported a

higher fourth-quarter revenue on Wednesday, as customers favor repairs over purchasing new

vehicles.

The trend of higher borrowing costs and increasing prices of new vehicles continues to drive

consumers towards maintaining their aging cars. Additionally, the growing complexity of modern

vehicles has boosted demand for high-quality parts.

Despite the challenges posed by U.S. President Trump's tariffs on the auto industry,

analysts believe that O'Reilly, which operates in the U.S., Mexico, Puerto Rico and Canada, is

well-positioned to negotiate and pass on these costs.

The company's quarterly sales rose about 7% to $4.09 billion.

However, Springfield, Missouri-based O'Reilly reported a profit of $551 million, or $9.50

per share, for the quarter ended December 31, compared with $552 million, or $9.26 per share, a

year ago.

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