O’Reilly Automotive profits rise 27% in Q3

Springfield, Mo. -- O’Reilly Automotive reported Thursday that net income for the third quarter rose 27% to $148 million, compared with $117 million in the year-ago period.

Sales increased 8% to $1.54 billion from $1.43 billion. Same-store sales rose 4.8%.

During the quarter, the company opened 50 new stores, bringing its store count to 3,707 in 39 states.