$ORLY · O REILLY AUTOMOTIVE INC
O'Reilly Automotive reported Q3 2026 results with revenue of $5.12 billion (+9% YoY) and diluted EPS of $0.97 (+14% YoY). Comparable store sales rose 7.2%, driven by double-digit professional growth and mid-single-digit DIY growth. The company raised full-year 2026 guidance: comparable store sales to 5.5%–6.5%, revenue to $19.0B–$19.3B, and diluted EPS to $3.25–$3.35.
- Q3 comparable store sales grew 7.2% on top of 5.6% last year, a two-year stack of 12.8%
- Q3 diluted EPS of $0.97 beat last year's $0.85 by 14%, aided by a $39 million tariff refund benefit
- Full-year 2026 comparable store sales guidance raised to 5.5%–6.5% from prior implied range
- Full-year 2026 diluted EPS guidance raised to $3.25–$3.35, with revenue seen at $19.0B–$19.3B
- Company repurchased $1.03B in shares during Q3 (11.8M shares at $87.34 avg); $727M remains on authorization
Extended-hours trading shows ORLY at $94.00, up 3.94% vs the regular close of $90.44, reflecting strong investor reception to the 7.2% comp beat and raised full-year guidance. The $73.16B market-cap name is rallying on broad-based strength across both professional (double-digit growth) and DIY (mid-single-digit growth) segments.
A 7.2% comp on top of 5.6% last year signals accelerating market-share gains in both professional and DIY, while the raised guidance and $1.03B quarterly buyback reinforce O'Reilly's best-in-class capital-return profile.
O'Reilly's 7.2% comp stacks well above typical auto-parts retail peers, with the two-year stack of 12.8% signaling durable demand. The aggressive buyback ($3.47B YTD) continues a capital-return playbook that has retired 1.50 billion shares since 2011 at a total cost of $31.02 billion.
Tariff refunds contributed $39 million to Q3 results; the raised guidance incorporates this one-time benefit, and future tariff impositions or trade policy changes could pressure margins. Interest expense rose 37% YoY to $81.9 million as long-term debt climbed to $7.71 billion.