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O'Reilly Automotive Inc (NASDAQ: ORLY) shares are trading higher in Wednesday's after-hours session after the company reported third-quarter financial results and issued 2023 guidance. What To Know: O'Reilly Automotive reported earnings of $10.72 per share, compared to the...

With the economy faring relatively well amid resurgence in consumer confidence and in turn spending, the milieu is relatively favorable for auto and auto-related stocks. Added to the positive macroeconomic backdrop, automakers have been very lavish in splurging incentives to lure customers....