O'Reilly Automotive Q3 2026 Results Overview
O'Reilly Automotive Inc (NASDAQ:ORLY) posted third‑quarter 2026 adjusted earnings per share of $0.97, surpassing the consensus estimate of $0.93. Revenue for the quarter reached $5.12 billion, exceeding analyst expectations of $5.01 billion. The company recorded a 9% year‑over‑year revenue increase, driven primarily by a 7.2% rise in comparable store sales. A one‑time $39 million benefit from tariff refunds contributed to the earnings beat.
Shares of O'Reilly rose 3.9% in after‑hours trading following the release. CEO Brad Beckham attributed the performance to market‑share gains across both professional and do‑it‑yourself (DIY) customer segments, noting double‑digit growth in the professional business and mid‑single‑digit growth in DIY, which together produced a two‑year stacked comparable store sales growth of 12.8%.
Full‑Year 2026 Guidance Update
The company lifted its full‑year 2026 outlook, now expecting comparable store sales growth of 5.5% to 6.5% (up from prior guidance), gross margin of 51.6% to 52.1%, and operating profit margin of 19.5% to 20.0%. Adjusted earnings per share are projected between $3.25 and $3.35, with a midpoint of $3.30, slightly above the analyst consensus of $3.29. Revenue guidance has been raised to a range of $19.0 billion to $19.3 billion, with a midpoint of $19.15 billion, marginally above the consensus estimate of $19.14 billion.
Capital Allocation and Expansion
During the quarter, O'Reilly repurchased 11.8 million shares for $1.03 billion at an average price of $87.34 per share. The retailer opened 173 net‑new stores year‑to‑date and projects opening between 225 and 235 net‑new stores in 2026.
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