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O'Reilly Just Dropped a 'Tremendous Disappointment' on the Market, Jim Cramer Says

Shares of O'Reilly Automotive Inc (ORLY) are plunging Wednesday, down 19%, after the company warned that its sales were not as robust as investors had been hoping for.

Previously expecting comparable-store sales results of 3% to 5% for the quarter, management now expects comps to come with growth of 1.7%. This is a "tremendous disappointment" to the market, TheStreet's Jim Cramer, manager of the Action Alerts PLUS charitable trust portfolio, said on CNBC's "Mad Dash" segment.

What makes the warning even more disappointing is that O'Reilly...