O'Reilly Auto Parts Corporate Profile
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S&P Rated: Investment Grade BBB*
O'Reilly Automotive Corporate Profile
O’Reilly Automotive, Inc. (NASDAQ: ORLY) is the fastest-growing chain of specialty auto parts retailers in the United States. Discount auto retailers have experienced accelerated growth throughout the recession as consumers have increasingly chosen to repair their vehicles rather than replace them. O’Reilly has aggressively capitalized on this trend by targeting underserved markets. It carries aftermarket parts, tools, supplies, equipment, and accessories. O’Reilly serves professionals in the automotive service industry, as well as individuals who maintain their own vehicles. It began with a single location in Springfield, MO, and has since expanded to include over 4,100 retail stores throughout 42 states. In 2005, it acquired Midwest Automotive Distributors, adding 71 stores. In 2008, it acquired CSK Auto, adding another 1,273 stores. At the end of 2012, O’Reilly announced that it had entered into an agreement to acquire the auto-parts-related assets of VIP Parts, Tires & Service, which operates 56 stores throughout New England.
*In 2012 O’Reilly reorganized its legal structure. O’Reilly Automotive Inc. was renamed to O’Reilly Automotive Stores, Inc., which became a wholly-owned subsidiary of a new entity named O’Reilly Automotive Inc. The new parent company is the entity rated by S&P, while the original entity, now called O’Reilly Automotive Stores, continues to own and operate approximately half of all O’Reilly storefronts.