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O'Reilly: 3 Key Takeaways for Long-Term Investors

Gross margins expanded by 54 basis points, including a 76-basis-point benefit from a one-time tariff adjustment.

  • Commercial repair shop demand drove top-line growth
  • Increased transaction counts and larger average ticket totals contributed to market share gains
  • 63 new store locations opened in Q3, totaling 173 year-to-date net new store openings

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