What you need to know about O’Reilly auto parts
O’Reilly Auto Parts, headquartered in Springfield, Missouri is an American auto parts retailer. It sells aftermarket auto parts and tools in addition to supplying equipment and accessories. It sells to both professional automotive service providers as well as end users. O’Reilly Automotive, Inc. was established way back in 1957. It just started off as one store in Springfield, Missouri. Today it has 4,829 stores across 47 states including Alaska and Hawaii, employing over 74,000 staff members. It’s net income stands upwards of $1,038 million and its net assets at upwards of $7.20 billion as of 2016. In 1993, this automative retail giant finished its first round of IPO (Initial Public Offering) and it now trades at NASDAQ market with the symbol ORLY. O’Reilly rose to be in the top 10 list of auto part retailers in United States after it acquired Hi/LO back in 1998. This acquisition marked a major milestone for the company as it added 182 stores in Texas and Louisiana as well as a distribution center in Houston. After its first acquisition, O’Reilly purchased Mid-State Automotive distributors, Inc. in 2001, Midwest Automotive Distributors, Inc. in 2005 and CSK Auto in 2008. It also announced its acquisition of VIP Parts in 2012 and Bond Auto Parts in 2016.