SPRINGFIELD, Mo. (AP) _ O'Reilly Automotive Inc. (ORLY) on Wednesday reported second-quarter net income of $585.5 million.
The Springfield, Missouri-based company said it had profit of $8.33 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $7.28 per share.
The auto parts retailer posted revenue of $3.47 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $3.16 billion.
O'Reilly Automotive expects full-year earnings to be $26.80 to $27 per share, with revenue in the range of $12.3 billion to $12.6 billion.
O'Reilly Automotive shares have increased 35% since the beginning of the year, while the S&P's 500 index has climbed 17%. In the final minutes of trading on Wednesday, shares hit $609.59, a rise of 35% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORLY at https://www.zacks.com/ap/ORLY
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News
O'Reilly Automotive, Inc. is one of the largest American distributors of automotive parts. The products are sold under own brands (BesTest®, BrakeBest®, Cartek®, Import Direct®, MasterPro®, MicroGard®, Murray®, Omnispark®, O'Reilly Auto Parts®, Precision®, Power Torque®, Super Start®, Syntec® and Ultima®) and third-party brands (AC Delco, Armor All, Bosch, Castrol, Dorman, Fel-Pro, Gates Rubber, Lucas Oil, Mobil1, Monroe, Moog, Pennzoil, Prestone, Standard, STP, Turtle Wax, Valvoline, Wagner et Wix). The group's activity is primarily organized around 3 families of products:
- automotive parts: alternator, starters, water pumps, chassis parts, etc.;
- maintenance products: antifreeze, filters, etc.;
- accessories: primarily automotive carpets and seat covers.
At the end of 2022, the products were marketed through a network of 5,971 stores located in the United States (5,929) and Mexico (42).
O'REILLY AUTOMOTIVE, INC 
