financetom
Business
financetom
/
Business
/
O'Reilly Automotive's fourth-quarter revenue rises
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Gevo And Shell Team Up To Drive Green Revolution In Motorsports: Details
Gevo And Shell Team Up To Drive Green Revolution In Motorsports: Details
Aug 22, 2024
Gevo ( GEVO ), Inc. shares are trading higher today. On Wednesday, the company disclosed a purchase agreement with Shell plc ( SHEL )‘s Shell Global Solutions Deutschland GmbH for its low-carbon intensity fuel blendstock, designed for use in motorsports. The financial terms of the supply agreement were not disclosed. The renewable blendstock is intended to combine sustainability with premium motorsport performance....
Allego Completes Voluntary Delisting of Shares From New York Stock Exchange
Allego Completes Voluntary Delisting of Shares From New York Stock Exchange
Aug 22, 2024
10:15 AM EDT, 08/22/2024 (MT Newswires) -- Allego ( ALLG ) said Thursday it had voluntarily delisted its ordinary shares from the New York Stock Exchange following the completion of the tender offer by its majority stockholder Madeleine Charging. The company said it filed Form 25 with the US Securities and Exchange Commission on Aug. 12 about the delisting of...
Globavend Receives Nasdaq Noncompliance Notice
Globavend Receives Nasdaq Noncompliance Notice
Aug 22, 2024
11:10 AM EDT, 08/22/2024 (MT Newswires) -- Globavend ( GVH ) said Thursday that it been notified by Nasdaq that it is not in compliance with the exchange's $1 minimum bid price requirement for continued listing. The e-commerce logistics provider said it has until Feb. 12, 2025 to regain compliance. The company said that the notice doesn't have an immediate...
Yunhong Green CTI Gets Non-Compliance Notification From Nasdaq; Shares Fall
Yunhong Green CTI Gets Non-Compliance Notification From Nasdaq; Shares Fall
Aug 22, 2024
11:11 AM EDT, 08/22/2024 (MT Newswires) -- Yunhong Green CTI ( YHGJ ) said Thursday it has received a notice from Nasdaq indicating its non-compliance with a listing rule because it has not filed its 10-Q report for the period ended June 30. Yunhong said it filed a plan to regain compliance no later than Sept. 27, which was accepted...
Copyright 2023-2026 - www.financetom.com All Rights Reserved