Retail
Retail Auto
Four auto names, three businesses
Genuine Parts $24.3B is auto plus industrial distribution. Carvana $20.3B is used cars. AutoZone $18.9B and O'Reilly $17.8B are parts stores. Do not rank them as one chain.
Dual market, two definitions
O'Reilly is about 50% DIY and 50% professional. AutoZone domestic commercial is 31.7% of domestic sales. Those are not the same statistic. Store counts are 7,657 and 6,585.
| Company | Stores | Mix definition | Mix | Note |
|---|---|---|---|---|
| AutoZone | 7,657 | Domestic commercial share of domestic sales | 31.7% | 6,627 US, 883 Mexico, 147 Brazil; 6,098 US commercial programs |
| O'Reilly | 6,585 | Professional share of sales | 50% | About 50% DIY and 50% professional; 6,447 US/PR, 112 Mexico, 26 Canada |
Carvana is units and a revenue mix
2025: 596,641 retail units, +43%. Revenue $20.3B: retail vehicles $14.5B, wholesale $4.1B, other $1.7B. Net income included a $621M net non-cash benefit.
Retail vehiclesWholesaleOther
Retail units 596,641. Wholesale units 297,643.
Parts-store operating profit is a photo finish
AutoZone FY2025 operating profit $3.610B, margin 19.1%. O'Reilly calendar 2025 operating income $3.46B, margin 19.5%. Not the same fiscal year.
O'Reilly comps ran hotter
O'Reilly US comps +4.7% in 2025. AutoZone domestic same-store sales +3.2% in FY2025, with domestic commercial +6.7%. Geography definitions differ.
AutoZone has Brazil. O'Reilly has Canada.
AutoZone year-end FY2025: 6,627 US, 883 Mexico, 147 Brazil. O'Reilly year-end 2025: 6,447 US and Puerto Rico, 112 Mexico, 26 Canada. Do not add the fleets.
AutoZone FY2025 year-end
O'Reilly Dec 31, 2025
Genuine Parts is auto plus Motion
2025: North America Auto $9.520B, Industrial $8.922B, International Auto $5.859B. Industrial is Motion, not NAPA stores.
Carvana retail units are the print that matters
2025: 596,641 retail units versus 297,643 wholesale units. The other card is dollars. This one is units.
Genuine Parts reported earnings are not the operating story
2025 GAAP net income $66 million ($0.47). Adjusted net income $1.0 billion ($7.37). Use the company exhibit for the bridge. Do not treat adjusted as cash.