Automotive Aftermarket Parts

capital investment / capacity affecting capex

“The increase in capital expenditures was primarily due to distribution enhancement and expansion projects and an increase in investments in new store growth. ​ We opened 207 and 198 net, new stores in 2025 and 2024, respectively.”

ORLY 10-K

tariffs / trade costs affecting expense

“Average ticket values benefited from increases in average selling prices on a same-SKU basis, as compared to the same period in 2024, driven by increases in acquisition costs of inventory, principally resulting from increased tariffs, which were passed on in selling prices.”

ORLY 10-K

demand / volume

“We believe consumers will continue to invest in these reliable, higher-quality, higher-mileage vehicles, and these investments, along with an increasing total light vehicle fleet, will support continued demand for automotive aftermarket products. ​ Inflationary cost pressures impact our business; however, historically we have been successful, in many cases, in reducing the effects of merchandise cost increases, principally by taking advantage of supplier incentive programs and economies of scale resulting from increased volume of purchases, and selective forward buying.”

ORLY 10-Q