O'Reilly Automotive Inc. to Present at Lehman Brothers Seventh Annual Retail Seminar

SPRINGFIELD, Mo.--April 23, 2004--O'Reilly Automotive, Inc. (the "Company") , plans to make a presentation at the Lehman Brothers Retail Seventh Annual Seminar in New York, New York, on Monday, April 26, 2004, from 8:45 a.m. to 9:20 a.m. eastern time.

The presentation will be broadcast live on the Company's website at www.oreillyauto.com, by clicking on "News" and then the "Lehman Brothers" link at the top of the page. A webcast replay of this presentation will be available to interested parties through May 2, 20046, 2004.

The slides to be used in this presentation will also be available April 26, 2004, through the Company's website at www.oreillyauto.com by clicking on "News" then "Financial Reports" and finally "Lehman Brothers Retail Seminar Presentation."

O'Reilly Automotive, Inc. is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, serving both the do-it-yourself and professional installer markets. Founded in 1957 by the O'Reilly family, the Company operated 1,109 stores within the states of Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, Tennessee, Texas and Virginia as of December 31, 2003.

The Company claims the protection of the safe-harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company intends these forward-looking statements to speak only as of the time of the presentation and does not undertake to update or revise them, as more information becomes available. These statements discuss, among other things, expected growth, store development and expansion strategy, business strategies, future revenues and future performance. These forward-looking statements are based on estimates, projections, beliefs and assumptions and are not guarantees of future events and results. Such statements are subject to risks, uncertainties and assumptions, including, but not limited to, competition, product demand, the market for auto parts, the economy in general, inflation, consumer debt levels, governmental approvals, our ability to hire and retain qualified employees, risks associated with the integration of acquired businesses, weather, terrorist activities, war and the threat of war. Actual results may materially differ from anticipated results described in these forward-looking statements. Please refer to the Risk Factors sections of the Company's Form 10-K for the year ended December 31, 2003, for more details.