O’Reilly Automotive soars 4% following Q3 beat & guidance raise

O’Reilly Automotive (NASDAQ:) shares surged more than 4% after-hours following the company’s reported , with EPS of $10.72 coming in better than the consensus estimate of $10.39.

Revenue grew 11% year-over-year to $4.2 billion, beating the consensus estimate of $4.07B. Comparable store sales rose 8.7% year-over-year.

“As a result of our strong year-to-date performance and a solid start to the fourth quarter thus far in October, we are raising our full-year 2023 comparable store sales guidance to a range of 7.0% to 8.0%,” said CEO Greg Johnson.

Full-year EPS is expected to be in the range of $37.80-$38.30, compared to the consensus of $42.26, and revenue in the range of $15.7-$15.8B, compared to the consensus of $15.68B.