Management confirmed what we had said following our national store visits earlier this week: January sales slowed down.

The store investments may pay dividends for the company this summer, when the sales are at their highest.

It was record assets under management, record sales, record earnings per share.

This welcome recovery in HCV sales indicates a far more progressive approach towards fleet management in the very important distribution sector of our economy.

The functionality we have is ideal for our volume of customers and book sales. Our management are able to see accurate inventory and sales information.

The fact that O'Reilly posted in-line results makes it unlikely that we will see above-consensus results anywhere else within the auto parts retailing industry.