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))
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。
沒有相關數據
如果下載按鈕點擊無跳轉,請點擊右上角菜單選擇 “在瀏覽器打開”