The raised guidance and strong comparable store sales growth (7.2%) suggest continued momentum in the automotive aftermarket. Monitor the Q4 earnings call for updates on tariff refund sustainability and any impact from potential tariff changes.
Price Chart
Executive Summary
O'Reilly Automotive reported Q3 2026 revenue of $5.12 billion (up 9% YoY) and diluted EPS of $0.97 (up 14% YoY), both above consensus estimates of $5.02B and $0.93. The company raised its full-year 2026 guidance for comparable store sales to 5.5%-6.5% and EPS to $3.25-$3.35, reflecting strong performance and a $39 million tariff refund benefit.
Key Financial Metrics
Key Facts
- Q3 2026 revenue of $5.12 billion, up 9% YoY from $4.71 billion
- Q3 2026 diluted EPS of $0.97, up 14% YoY from $0.85
- Comparable store sales growth of 7.2% in Q3 2026
- Full-year 2026 EPS guidance raised to $3.25-$3.35 from $3.15-$3.25
- Full-year 2026 comparable store sales guidance raised to 5.5%-6.5% from 3.0%-5.0%
- Full-year 2026 revenue guidance raised to $19.0B-$19.3B from $18.7B-$19.0B
- Q3 2026 included a $39 million benefit from tariff refunds
- Company repurchased 11.8 million shares for $1.03 billion in Q3 2026
Financial Impact
Revenue beat consensus by ~$100M (2.0%), EPS beat consensus by $0.04 (4.3%). Full-year guidance raised across all key metrics.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| DIY customers | $2.4B | +6.2% |
| Professional service provider customers | $2.6B | +12.7% |
Risk Factors
- Tariff refunds ($39M in Q3) may not recur, creating a headwind for Q4 margins
- Adjusted debt to EBITDAR increased to 2.26x from 2.04x a year ago, indicating higher leverage
- Share repurchase authorization reduced to $727M from $1.14B at Q1 end
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000898173-26-000050 |
| Document: orly-20261028x8k.htm | 0000898173-26-000050 |
| Document: 0000898173-26-000050-index-headers.html | 0000898173-26-000050 |
| Document: 0000898173-26-000050-index.html | 0000898173-26-000050 |
| Document: 0000898173-26-000050.txt | 0000898173-26-000050 |
| 8-K Data (Synthetic) | 0000898173-26-000050 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 1d ago | 8-K | No price | awaiting T+20 | awaiting T+20 | No price |
Oct 28, 2026 1d ago | Press Release | $95.34 | awaiting T+20 | awaiting T+20 | $88.07 (−7.63%) |
Oct 26, 2026 3d ago | Institutional Cluster | $91.05 | awaiting T+20 | awaiting T+20 | $88.07 (−3.27%) |
Oct 1, 2026 28d ago | 8-K | $84.90 | awaiting T+20 | awaiting T+20 | $88.07 (+3.73%) |
Oct 1, 2026 28d ago | Press Release | $84.90 | awaiting T+20 | awaiting T+20 | $88.07 (+3.73%) |
Aug 14, 2026 10w ago | Insider Cluster | $90.23 $85.16 | ▼ −5.62% | ▼ −3.64% | $88.07 (−2.39%) |
Aug 10, 2026 11w ago | 424B5 | $92.23 $85.89 | ▼ −6.87% | ▼ −5.96% | $88.07 (−4.51%) |
Jul 29, 2026 13w ago | Press Release | $87.36 $87.83 | ▲ +0.54% | ▼ −3.43% | $88.07 (+0.81%) |
Jul 1, 2026 17w ago | Press Release | $90.25 | awaiting T+20 | awaiting T+20 | $88.07 (−2.42%) |
May 18, 2026 23w ago | 8-K | $91.87 $90.68 | ▼ −1.29% | ▼ −3.55% | $88.07 (−4.13%) |
US Market Status
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