NEW YORK (AP) — O'Reilly Automotive hit an all-time high in Thursday trading after the auto parts retailer reported better-than-expected first-quarter earnings and boosted its profit guidance for the full year.

THE SPARK: O'Reilly said late Wednesday that it earned $54.3 million, or $1.36 per share, while analysts polled by FactSet expected a profit of $1.35 per share.

For the full year 2013, Springfield, Mo., company said it now expects to post a profit of $5.64 to $5.74 per share, up from its February prediction of $5.57 to $5.67 per share. It backed its previous revenue prediction of $6.6 billion to $6.7 billion.

Analysts expect a 2013 profit of $5.71 per share on $6.66 billion in revenue.

O'Reilly also said it expects to post a second-quarter profit of $1.46 to $1.50 per share, ahead of average analysts' predictions of $1.45 per share.

THE BIG PICTURE: The strong first-quarter profit came despite lower-than-expected sales. O'Reilly's revenue rose 4 percent to $1.59 billion, slightly short of analysts' expectations of $1.61 billion.

Revenue at stores open at least a year increased 0.6 percent, or 1.9 percent excluding the effects of Leap Day in 2012. The metric is a key measure of a retailer's health, because it excludes revenue from stores that recently opened or closed.

O'Reilly noted that it faced tough year-ago sales comparisons. Excluding Leap Day, its revenue at stores open at least a year rose 6.1 percent in the first quarter of 2012, helped by unusually warm weather.

Now that spring weather has arrived in many of its markets, the company said it is seeing stronger sales volumes.

THE ANALYSIS: Citi analyst Kate McShane said O'Reilly will face easier sales comparisons for the rest of the year.

But McShane, who backed her "Neutral" rating and $108 price target for the stock, said she would still hold off buying the company's shares based on their current price. She pointed to AutoZone Inc. as a more attractive investment.

THE SHARES: Up $5.10, or 5 percent, to $106.22 in afternoon trading, after climbing to a new all-time high of $108.98 earlier in the day.

Since the beginning of this year, shares of O'Reilly Automotive Inc. have gained about 13 percent.


Publishing Services International Limited (PSIL) is the publisher and operator of a worldwide network of online news sites dedicated to delivering fair, accurate and relevant reporting from a variety of the world’s most trusted sources – from the biggest cities to the smallest towns.

We deliver positive and powerful messages to our readers, providing up‑to‑the‑second news that matters to the individual.

Our promise is to serve communities and individuals worldwide, delivering information that hasn’t always been available to them. We will give them back a voice – a voice that’s empowering because it is theirs – and provide a platform to communicate between themselves and the world.

We believe people are not just generic demographics; they are individuals with their own preferences and curiosities. We are about understanding these individuals, listening to them, and serving them.

We are the new pioneering spirit of news – we’re not talking to everyone, we’re talking with every one.

If you want your news, your voice, your way, on your time – we’ve got news for you.




If you have any questions or concerns please email us on


  • Australia, Toll Free 1-800-983-421
  • Hong Kong, Toll Free 800-906-187
  • Singapore, Toll Free 800-852-3871
  • USA/Canada, Toll Free 1-800-830-4132

Advertise With Us

Interested in being awesome?
Contact us by email or phone.