NASDAQ$ORLY

O'Reilly Automotive Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

O'Reilly Automotive's Q4 2022 performance was marked by strong comparable store sales growth and an increase in diluted earnings per share.

O'Reilly Automotive, Inc. reported record revenue and earnings for the fourth quarter and full-year ended December 31, 2022. The company's Q4 sales increased by 11% to $3.64 billion, with a 9.0% growth in comparable store sales. Diluted earnings per share for the fourth quarter increased by 10% to $8.37.

  • Fourth quarter comparable store sales growth of 9.0%.
  • Diluted earnings per share increased by 10% to $8.37 in Q4.
  • Full-year comparable store sales growth reached 6.4%.
  • The company repurchased 0.5 million shares of its common stock for $421 million during Q4.

Headline financials

Total Revenue

$3.64B

Previous: $3.29B+10.7%
EPS (adj)

$8.37

Previous: $7.64+9.6%
Comparable Store Sales Growth

9.0%

Previous: 14.5%-37.9%
Capital Expenditures

$175M

Previous: $102M+70.8%
Free Cash Flow

$621M

Previous: $540M+15.0%
Net Income

$529M

Previous: $519M+1.9%
Operating Income

$682M

Previous: $676M+0.9%
Gross Profit

$1.85B

Previous: $1.73B+6.9%
Cash & Equivalents

$109M

Previous: $362M-70.0%
Total Assets

$12.6B

Previous: $11.7B+7.8%
Stock-Based Comp

$7.55M

Previous: $6.11M+23.4%

Revenue & EPS history

O'Reilly Auto · Revenue · Quarterly

$3.64B

Q4 2022+10.7%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

The company provided guidance for the full year 2023, including net new store openings between 180 and 190, comparable store sales growth between 4% and 6%, total revenue between $15.2 billion and $15.5 billion, and diluted earnings per share between $35.75 and $36.25.

Tailwinds

  • Net new store openings between 180 and 190.
  • Comparable store sales growth between 4% and 6%.
  • Total revenue between $15.2 billion and $15.5 billion.
  • Gross profit as a percentage of sales between 50.8% and 51.3%.
  • Diluted earnings per share between $35.75 and $36.25.

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 Q4 2022

Historical avgQ4 2022

+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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