Nasdaq 100 Index picks up O'Reilly Auto

Springfield-based O'Reilly Automotive Inc. has qualified for the Nasdaq 100 Index, a listing of the 100 largest nonfinancial stocks on the Nasdaq.

The index is reranked every December based on market capitalization; effective Dec. 22, 11 companies will be added and 11 will be removed. O'Reilly Auto had a market capitalization of $3.6 billion at the time of the ranking, according to a Nasdaq news release.

"The Nasdaq 100 Index is a globally recognized brand that includes 100 of the world's most dynamic nonfinancial companies," Nasdaq OMX Executive Vice President John L. Jacobs said in the release. "The Nasdaq 100 represents a diverse range of companies and provides investors with a key measure of the performance of the world's leading large-cap growth companies."

On a cumulative price return basis, the index has returned 79 percent since its inception in 1985, the release said.

O'Reilly Auto shares closed Friday at $28.55, compared to a 52-week range of $20 to $32.71.