Feb 5 (Reuters) - Auto parts distributor O'Reilly Automotive Inc ORLY.O reported a higher fourth-quarter revenue on Wednesday, as customers favor repairs over purchasing new vehicles.
The trend of higher borrowing costs and increasing prices of new vehicles continues to drive consumers towards maintaining their aging cars. Additionally, the growing complexity of modern vehicles has boosted demand for high-quality parts.
Despite the challenges posed by U.S. President Trump's tariffs on the auto industry, analysts believe that O'Reilly, which operates in the U.S., Mexico, Puerto Rico and Canada, is well-positioned to negotiate and pass on these costs.
The company's quarterly sales rose about 7% to $4.09 billion.
However, Springfield, Missouri-based O'Reilly reported a profit of $551 million, or $9.50 per share, for the quarter ended December 31, compared with $552 million, or $9.26 per share, a year ago.
(Reporting by Raechel Thankam Job and Nathan Gomes; Editing by Alan Barona)
((RaechelThankam.Job@thomsonreuters.com))
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