July 23 (Reuters) - O'Reilly Automotive raised
its 2025 revenue forecast on Wednesday, banking on stronger
demand for auto parts from customers looking to repair older
vehicles.
More people are opting to fix their old cars with
replacement parts instead of buying new vehicles after U.S.
President Donald Trump's tariffs impacted the industry.
O'Reilly sources a significant portion of its products from
China and Mexico, two countries that have been significantly
affected by tariffs.
The auto parts retailer now expects annual revenue in the
range of $17.5 billion to $17.8 billion, compared with its
previous forecast of $17.4 billion to $17.7 billion.
It reported a net income of $668.6 million, or 78 cents per
share, for the quarter through June, compared with $622.8
million, or 71 cents per share, a year earlier.
Second-quarter revenues rose nearly 6% to $4.53 billion.