NASDAQ$ORLY

O'Reilly Automotive Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

O'Reilly Automotive's Q3 2021 performance was marked by record revenue and earnings, driven by comparable store sales growth and diluted earnings per share increase.

O'Reilly Automotive reported record revenue of $3.48 billion and diluted earnings per share of $8.07 for the third quarter of 2021. The company's comparable store sales increased by 6.7%, and diluted earnings per share grew by 14%.

  • Third quarter comparable store sales increased by 6.7%.
  • Diluted earnings per share increased by 14% to $8.07.
  • Sales for the third quarter increased 8% to $3.48 billion.
  • Net income for the third quarter increased 6% to $559 million.

Headline financials

Total Revenue

$3.48B

Previous: $3.21B+8.5%
EPS (adj)

$8.07

Previous: $7.07+14.1%
Comparable Store Sales Growth

6.7%

Previous: 16.9%-60.4%
Capital Expenditures

-$341M

Previous: -$363M+6.3%
Free Cash Flow

$218M

Previous: $164M+33.0%
Net Income

$559M

Previous: $527M+6.0%
Operating Income

$755M

Previous: $725M+4.1%
Gross Profit

$1.82B

Previous: $1.68B+8.2%
Cash & Equivalents

$449M

Previous: $1.63B-72.4%
Total Assets

$11.8B

Previous: $12.5B-5.7%
Stock-Based Comp

$5.97M

Previous: $5.58M+6.9%

Revenue & EPS history

O'Reilly Auto · Revenue · Quarterly

$3.48B

Q3 2021+8.5%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

O'Reilly Automotive anticipates potentially significant volatility in its results, driven by the ongoing uncertainty related to the pandemic.

Tailwinds

  • Comparable store sales are expected to grow between 10% and 12%.
  • Total revenue is projected to be between $12.9 billion and $13.2 billion.
  • Gross profit as a percentage of sales is expected to be between 52.2% and 52.7%.
  • Operating income as a percentage of sales is anticipated to be between 21.0% and 21.4%.
  • Diluted earnings per share are forecasted to be between $29.25 and $29.45.

Headwinds

  • The company anticipates potentially significant volatility in its results.
  • Uncertainty is driven by the ongoing pandemic.
  • Capital expenditures are expected to be between $450 million and $550 million.
  • Free cash flow is projected to be between $2.0 billion and $2.3 billion.
  • Effective income tax rate of 23.0%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.9%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+1.7%

Avg return

30 days after

54%

38 / 70 earnings

Positive

+14.6%

Q1 2018

Best reaction

-12.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%+3.6%-5.3%
Q4 2025-4.0%-3.4%-2.2%
Q3 2025-2.9%-4.9%-0.8%
Q2 2025+0.0%-1.8%+3.0%
Q1 2025-2.1%+1.4%-0.4%
Q4 2024-1.3%-1.8%-2.2%
Q3 2024-0.5%-0.7%+1.8%
Q2 2024+4.2%+6.6%+6.4%
Q1 2024-3.5%-5.1%-9.6%
Q4 2023-3.0%-2.4%+3.1%
Q3 2023+5.7%+6.7%+13.2%
Q2 2023-4.6%-4.0%-3.5%
Q1 2023+2.0%+3.5%+2.8%
Q4 2022+2.0%+6.1%+2.4%
Q3 2022+4.8%+7.9%+10.3%
Q2 2022+4.7%+5.0%+3.5%
Q1 2022-12.7%-14.5%-9.4%
Q4 2021+3.3%+3.8%+6.0%
Q3 2021-5.1%-5.9%-3.4%
Q2 2021-3.3%-2.5%-4.0%
Q1 2021+2.7%+4.2%+0.5%
Q4 2020-4.4%-4.5%+6.5%
Q3 2020-3.1%-1.9%-1.6%
Q2 2020+6.8%+5.3%+2.9%
Q1 2020+4.5%+8.7%+13.0%
Q4 2019-2.3%-4.0%-9.7%
Q3 2019+9.2%+10.4%+9.5%
Q2 2019-4.2%-0.7%-3.8%
Q1 2019-4.0%-5.2%-7.3%
Q4 2018+2.0%+2.4%+1.6%
Q3 2018-4.6%-3.3%+3.0%
Q2 2018+3.3%+3.5%+12.4%
Q1 2018+14.6%+14.0%+19.4%
Q4 2017-1.1%-2.6%-1.7%
Q3 2017+5.2%+5.1%+6.4%
Q2 2017+7.7%+9.3%+8.3%
Q1 2017-2.6%-8.4%-5.9%
Q4 2016+5.1%+5.2%+4.2%
Q3 2016-9.7%-5.6%-1.3%
Q2 2016+2.4%+2.6%-1.2%
Q1 2016-2.7%
Q4 2015+5.6%
Q3 2015+6.1%
Q2 2015-1.2%
Q1 2015+5.2%
Q4 2014+7.7%
Q3 2014+5.4%
Q2 2014+4.0%
Q1 2014-0.2%
Q4 2013+9.1%
Q3 2013-6.5%
Q2 2013+3.5%
Q1 2013+4.7%
Q4 2012+0.0%
Q3 2012+3.5%
Q2 2012-2.1%
Q1 2012-0.4%
Q4 2011+0.9%
Q4 2008+0.9%
Q3 2011+0.1%
Q2 2011+2.8%
Q1 2011+0.1%
Q4 2010-0.3%
Q3 2009-0.2%
Q3 2010-0.2%
Q2 2009-1.3%
Q2 2010-1.3%
Q1 2010+3.1%
Q4 2009+3.1%
Q1 2009+3.1%

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