SPRINGFIELD, Mo. – The O’Reilly Auto Parts Board of Directors 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 $2.5 billion.
 
The additional $500 million authorization is effective for a three-year period, beginning Aug. 10. O’Reilly says 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.