O'Reilly raises annual revenue outlook on auto parts demand
July 23 (Reuters) - O'Reilly Automotive ORLY.O raised its 2025 revenue forecast on Wednesday, banking on stronger demand for auto parts from customers looking to repair older vehicles.
More people are opting to fix their old cars with replacement parts instead of buying new vehicles after U.S. President Donald Trump's tariffs impacted the industry.
O'Reilly sources a significant portion of its products from China and Mexico, two countries that have been significantly affected by tariffs.
The auto parts retailer now expects annual revenue in the range of $17.5 billion to $17.8 billion, compared with its previous forecast of $17.4 billion to $17.7 billion.
It reported a net income of $668.6 million, or 78 cents per share, for the quarter through June, compared with $622.8 million, or 71 cents per share, a year earlier.
Second-quarter revenues rose nearly 6% to $4.53 billion.
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