O’Reilly Automotive reports record fourth-quarter profit

O’Reilly Automotive Inc. on Wednesday reported record fourth-quarter earnings and revenue. The Springfield-based auto parts retailer said profit for the final three months of 2014 increased 19 percent, to $182 million, over the prior-year quarter.

The company’s revenue increased 9 percent in the quarter, to $1.76 billion.

O’Reilly also announced its board had approved a $500 boost to its share repurchase program, bringing to the total amount authorized for buybacks to $5 billion.

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