O'Reilly Automotive, Inc. ORLY announced that its board of directors approved rise of $1 billion in its share repurchase program. This brought the total share repurchase authorization to $11.75 billion. Further, this auto parts retailer agreed to purchase all the auto parts-related assets of automotive parts supplier Bennett Auto Supply, Inc., based in Pompano Beach, FL. O'Reilly pursues an aggressive share-repurchase policy, which continues to boost earnings per share. In third-quarter 2018, the company repurchased 0.9 million shares for $416 million, the average price being $306.22 per share. Subsequently, from the end of third-quarter 2018 to the date of the earnings release on Oct 24, it purchased additional 0.2 million shares for $68 million. This new $1-billion share repurchase authorization is effective for a three-year period.