Stock Monitor: Advance Auto Parts Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 6, 2018 / Active-Investors.com has just released a free earnings report on O'Reilly Automotive, Inc. (NASDAQ: ORLY) (''O'Reilly''). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ORLY. O'Reilly reported its fourth quarter and fiscal 2017 operating and financial results on February 06, 2018. The auto parts retailer generated its twenty-fifth consecutive year of comparable store sales growth and record revenue and operating income. During 2017, O'Reilly also achieved another significant milestone with the opening of its 5,000th store. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Advance Auto Parts, Inc. (NYSE: AAP), which also belongs to the Services sector as the Company O'Reilly Automotive. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, O'Reilly Automotive most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

O'Reilly's sales for the fourth quarter ended December 31, 2017, increased 4% to $2.19 billion compared to $2.10 billion in Q4 2016. The organization's comparable store sales increased 1.3% for the reported quarter, on top of 4.8% for the year earlier same quarter. O'Reilly's reported numbers exceeded analysts' expectations of $2.18 billion.

During Q4 2017, O'Reilly's gross profit increased to $1.16 billion, or 52.9% of sales, from $1.11 billion, or 53.1% of sales, for Q4 2016. The Company's selling, general, and administrative expenses (SG&A) came in at $756 million, or 34.5% of sales, for the reported quarter, up 7% as versus $707 million, or 33.7% of sales, for the prior year's corresponding quarter. O'Reilly's operating income fell 1% to $403 million, or 18.4% of sales, for Q4 2017 compared to $408 million, or 19.4% of sales, for Q4 2016.

O'Reilly's net income rose 23%, to $302 million compared to $246 million for Q4 2016. The Company's diluted earnings per share for the reported quarter surged 36% to $3.52 on 86 million shares versus $2.59 on 95 million shares for the year earlier same quarter. O'Reilly's net income for Q4 2017, included a one-time $53 million benefit related to the revaluation of its deferred income tax liabilities, and, it also included a one-time $0.62 benefit from the revaluation.

O'Reilly adopted a required new share-based compensation accounting standard during Q1 2017, which requires excess tax benefits from share-based compensation payments to be recorded in the income statement. The Company's Q4 2017 diluted earnings per share of $3.52, included a $0.15 benefit from the adoption of the new accounting standard. O'Reilly's earnings, adjusted for pretax gains, were $2.90 per share, beating Wall Street's estimates of $2.78 per share.

O'Reilly's sales for the year ended December 31, 2017, grew 4% to $8.98 billion from $8.59 billion for FY16. The Company's Comparable store sales increased 1.4% for FY17.

O'Reilly's operating income advanced 2% to $1.73 billion, or 19.2% of sales, for FY17 vesus $1.70 billion, or 19.8% of sales, for FY16.

For FY17, O'Reilly's net income totaled $1.13 billion, or $12.67 per diluted share, from $1.04 billion, or $10.73 per diluted share, in FY16. The Company's FY17 results included a $0.59 benefit from the revaluation of its deferred income tax liabilities and a $0.50 benefit from the adoption of the new share-based compensation accounting standard.

Share Repurchase Program

During Q4 2017, O'Reilly repurchased 1.3 million shares of its common stock at an average price per share of $222.73, for a total investment of $279 million. For FY17, the Company repurchased 9.3 million shares of its common stock at an average price per share of $233.57, for a total investment of $2.17 billion. Subsequent to the end of Q4 2017 and through the date of the earning release, the Company repurchased an additional 0.5 million shares of its common stock, at an average price per share of $261.72, for a total investment of $130 million.

O'Reilly has repurchased a total of 66.7 million shares of its common stock under its share repurchase program since the inception of the program in January of 2011 and through the date of earnings release, at an average price of $137.31, for a total aggregate investment of $9.16 billion.

Stock Performance Snapshot

March 05, 2018 - At Monday's closing bell, O'Reilly Automotive's stock rose 2.42%, ending the trading session at $246.85.

Volume traded for the day: 732.87 thousand shares.

Stock performance in the last three-month - up 4.50%; previous six-month period - up 25.86%; and year-to-date - up 2.62%

After yesterday's close, O'Reilly Automotive's market cap was at $21.00 billion.

Price to Earnings (P/E) ratio was at 20.44.

The stock is part of the Services sector, categorized under the Auto Parts Stores industry. This sector was up 0.9% at the end of the session.

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