05:04 PM EDT, 04/24/2024 (MT Newswires) -- O'Reilly Automotive (ORLY) reported Q1 earnings late Wednesday of $9.20 per diluted share, up from $8.28 a year earlier.

Analysts polled by Capital IQ expected $9.30.

Sales for the quarter ended March 31 were $3.98 billion, up from $3.71 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.98 billion.

The company said it now expects 2024 EPS between $41.35 and $41.85 and it still expects revenue between $16.8 billion and $17.1 billion. The previous 2024 guidance was for diluted EPS between $41.05 and $41.55.

Analysts polled by Capital IQ expect $42.48 and $16.95 billion, respectively.

The company said during Q1 it bought back 300,000 million common shares at $1,029.24 per shares, for an aggregate investment of $270 million.

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