O’Reilly Automotive (ORLY) Q1 Revenue Rises 10% to $4.56B on Strong Comp Sales

O’Reilly Automotive Inc. (NASDAQ:ORLY) is one of the best large cap stocks to buy under $1000. On April 29, O’Reilly Automotive reported total revenue of $4.56 billion for Q1 2026, representing a 10% increase from $4.14 billion in the same period one year ago. This growth was highlighted by an 8.1% increase in comparable store sales, driven by double-digit growth in the professional business and mid-single digit growth in DIY. Gross profit rose 11% to $2.35 billion (51.5% of sales), while selling, general, and administrative expenses increased 9% to $1.51 billion. Operating income grew 14% to $842 million, representing 18.5% of total sales.

Net income for the quarter increased 12% to $604 million, up from $538 million in the prior year period. Diluted EPS climbed 16% to $0.72 on 843 million shares, compared to $0.62 on 864 million shares last year. On the capital allocation front, O’Reilly generated $1 billion in year-to-date net cash from operating activities and invested $923 million to repurchase 10 million shares of common stock at an average price of $92.45, with an additional 3.6 million shares repurchased after the quarter’s end.

Looking ahead, O’Reilly Automotive Inc. (NASDAQ:ORLY) updated its selected full-year 2026 guidance, targeting 225 to 235 net new store openings and full-year comparable store sales growth of 3.0% to 5.0%. Total revenue is projected to range between $18.7 billion and $19.0 billion, with diluted EPS expected between $3.15 and $3.25.

O’Reilly Automotive Inc. (NASDAQ:ORLY) is a retail outlet operator engaged in the distribution and retail of automotive aftermarket parts, equipment, supplies, and accessories.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.