O’Reilly Automotive, Inc. Reports Third Quarter 2020 Results and Announces Additional $1.0 Billion Share Repurchase Authorization

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Go back to O’Reilly Automotive, Inc. Reports Third Quarter 2020 Results and Announces Additional $1.0 Billion Share Repurchase Authorization

O'Reilly Automotive (ORLY) Tops Q3 EPS by 88c, Comps Rise 16.9%; Raises Buyback by $1B

October 28, 2020 4:35 PM EDT

O'Reilly Automotive (NASDAQ: ORLY) reported Q3 EPS of $7.07, $0.88 better than the analyst estimate of $6.19. Revenue for the quarter came in at $3.21 billion versus the consensus estimate of $2.98 billion.

Third quarter comparable store sales increase of 16.9%, total sales growth of 20.3%.

Today, the Company also announced that its Board of Directors approved a resolution to increase the authorization amount under its share repurchase program by an additional $1.0 billion, raising the aggregate authorization under the program to $14.75 billion.

Greg Johnson, OReillys CEO and Co-President, commented, The COVID-19 pandemic continues to present a... More