Springfield, MO

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The company's sales were $10 billion for the first nine months of the year.
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The company's sales were $10 billion for the first nine months of the year.

ORLY shares hit 52-week high, near $700 benchmark

Posted online

As the year comes to a close, O'Reilly Automotive Inc. (Nasdaq: ORLY) appears poised to hit a new stock benchmark.

The auto parts retailer's most recent 52-week stock high was $683.19 per share, which hit on Dec. 8. Only five months ago, the stock crossed the $600 threshold.

For the third quarter, O'Reilly Automotive reported an 8.5% increase in revenue to $3.5 billion and a 6% jump in net income to $527.3 million. For the nine-month period that ended Sept. 30, sales were up to $10 billion from $8.8 billion in the same period of 2020. Net income for the nine months rose to $1.6 billion from $1.4 billion.

After exceeding $10 billion in revenue for the first time in 2019, the auto parts retailer in 2020 recorded sales of $11.6 billion. Springfield Business Journal previously reported the company's next annual sales goal is $15 billion by 2027.

O’Reilly Automotive's stock in recent days has received recommendations from stock market analysts, such as Investor's Business Daily, and Yahoo Finance.

Additionally, O'Reilly Automotive last month announced a high-profile board appointment in Fred Whitfield, an executive of the Charlotte Hornets professional basketball organization and a longtime friend and business colleague of Michael Jordan.


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