O’REILLY AUTOMOTIVE Reports 10.8% Increase in Q2 Revenue for FY2023
August 21, 2023
☀️Earnings Overview
On July 26 2023, O’REILLY AUTOMOTIVE ($NASDAQ:ORLY) announced its Q2 FY2023 earnings results for the period ending June 30 2023, with total revenue standing at USD 4069.0 million, a 10.8% increase from the same quarter of the previous year. Net income was reported at USD 627.4 million, a 8.8% rise compared to the same period one year ago.
Analysis
GoodWhale has conducted an analysis of O’REILLY AUTOMOTIVE‘s wellbeing, providing insight into the company’s performance. The Star Chart shows that O’REILLY AUTOMOTIVE has done well in terms of assets, growth, and profitability, but is weak when it comes to dividends. Despite this, the company has a high health score of 8/10. This indicates that the company’s cashflows and debt make it well-equipped to handle any crisis without having to worry about bankruptcy. O’REILLY AUTOMOTIVE is classified as a ‘gorilla’ company, which is one that has been able to achieve consistent and strong earnings or revenue growth due to their strong competitive advantage. This type of company may be of interest to a variety of investors, including those who are looking for a stable and consistent return on their investment. It may also be attractive to those who are looking for a company with a strong competitive edge that can help them create long-term wealth. Lastly, those who are looking for a high-growth company may be drawn to O’REILLY AUTOMOTIVE, considering its demonstrated success in the areas of growth and profitability. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for O’reilly Automotive. More…
| Total Revenues | Net Income | Net Margin |
| 15.22k | 2.26k | 14.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for O’reilly Automotive. More…
| Operations | Investing | Financing |
| 3.41k | -975.13 | -2.63k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for O’reilly Automotive. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.28k | 14.9k | -26.94 |
Key Ratios Snapshot
Some of the financial key ratios for O’reilly Automotive are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.4% | 12.7% | 20.2% |
| FCF Margin | ROE | ROA |
| 17.2% | -118.2% | 14.5% |
Peers
O’Reilly Automotive Inc is an American automotive parts retailer that provides automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. Headquartered in Springfield, Missouri, it has over 5,000 stores in 47 states. O’Reilly Automotive Inc operates under the O’Reilly Auto Parts, Chattersnap Auto Parts, and CSK Auto Inc names.
Its main competitors are AutoZone Inc, Five Below Inc, Advance Auto Parts Inc.
– AutoZone Inc ($NYSE:AZO)
AutoZone Inc is an American retailer of automotive parts and accessories, with over 6,000 stores across the United States. The company has a market cap of $43.79B as of 2022 and a Return on Equity of -61.62%. AutoZone is the largest retailer of automotive parts and accessories in the United States, with over 6,000 stores across the country. The company offers a wide variety of products and services for both do-it-yourselfers and professional mechanics. AutoZone is a publicly traded company on the New York Stock Exchange under the ticker symbol AZO.
– Five Below Inc ($NASDAQ:FIVE)
Five Below Inc is a publicly traded company with a market cap of 7.51B as of 2022. The company has a Return on Equity of 18.02%. Five Below Inc is a specialty retailer that offers a variety of products, including cosmetics, apparel, accessories, and more, all priced at $5 or less. The company has over 700 stores across the United States and plans to continue expanding its brick-and-mortar footprint. Five Below Inc is headquartered in Philadelphia, Pennsylvania.
– Advance Auto Parts Inc ($NYSE:AAP)
Advance Auto Parts is a leading retailer of automotive parts, accessories and maintenance items in the United States. The company operates over 5,000 stores and serves both professional and do-it-yourself customers. Advance Auto Parts has a market cap of 10.3B as of 2022 and a Return on Equity of 16.16%. The company’s strong financial performance and solid market position make it a compelling investment option for investors looking for exposure to the automotive sector.
Summary
O’REILLY AUTOMOTIVE‘s Q2 earnings results for the period ending June 30 2023 showed strong growth compared to the same period one year prior. Total revenue was reported at USD 4069.0 million, a 10.8% increase, and net income was USD 627.4 million, an 8.8% rise from the previous year. This indicates a healthy return on investment for shareholders and suggests that the company is well-positioned for future growth. Investors should consider investing in O’REILLY AUTOMOTIVE, as the company has demonstrated steady growth year-over-year and appears to have a reliable business model for long-term success.
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