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O’Reilly Automotive Announces Additional $500 Million Share Repurchase Authorization

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SPRINGFIELD, Mo. – O’Reilly Automotive’s board of directors has approved a resolution to increase the authorization amount under its share repurchase program by an additional $500 million, raising the aggregate authorization under the program to $2 billion.

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The additional $500 million authorization is effective for a three-year period, beginning on June 1. Stock repurchases under the program may be made from time to time, as the company deems appropriate, solely through open market purchases effected through a broker dealer at prevailing market prices, based on a variety of factors such as price, corporate requirements and overall market conditions.

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