LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries. It also operates self-service retail operations under the LKQ Pick Your Part name; and designs, manufactures, and markets vehicle equipment and accessories. In addition, the company distributes recreational vehicle appliances and air conditioners, towing hitches, truck bed covers, vehicle protection products, cargo management products, wheels, tires, and suspension products. It serves collision and mechanical repair shops, and new and used car dealerships, as well as retail customers. The company operates in the United States, Canada, the United Kingdom, Germany, Belgium, the Netherlands, Luxembourg, Italy, Poland, Slovakia, Austria, Taiwan, and various other European countries. LKQ Corporation was incorporated in 1998 and is headquartered in Chicago, Illinois.
IPO Year: 2003
Exchange: NASDAQ
Website: lkqcorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/13/2022 | $68.00 | Buy | MKM Partners |
| 4/28/2022 | Mkt Perform → Outperform | Barrington Research | |
| 2/17/2022 | Outperform → Mkt Perform | Barrington Research | |
| 10/29/2021 | $60.00 → $62.00 | Outperform | Raymond James |
| 8/2/2021 | $60.00 | Market Perform → Outperform | Raymond James |
ANTIOCH, Tenn., Nov. 11, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) today announced that Keystone Automotive Operations, a subsidiary of LKQ's Specialty segment, received the Channel Partner of the Year Award at the 2024 Specialty Equipment Market Association (SEMA) Show in Las Vegas, the leading venue that brings together manufacturers and buyers within the automotive specialty equipment industry. In addition, Warn Industries, a segment of Keystone Automotive Operations, won the Off-Road/4-Wheel Drive Product Award in the Best New Products Award category. "We are pleased to be recognized for our leadership in the distribution of SEMA product lines and RV and marine accessori
Revenue of $3.6 billion (a 0.5% increase compared to the same period in 2023)Diluted EPS2 of $0.73; adjusted diluted EPS1,2 of $0.88Third quarter operating cash flow of $420 million; free cash flow1 of $341 millionRepurchased $125 million of LKQ shares$1 billion increase to stock repurchase program announced, raising the aggregate authorization to $4.5 billion through October 25, 2026Dividend of $0.30 per share approved to be paid in the fourth quarter of 2024 ANTIOCH, Tenn., Oct. 24, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) today reported third quarter 2024 financial results. "Our third quarter results reflect softer overall volumes, which underscore the importance o
ANTIOCH, Tenn., Oct. 24, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) today announced that its Board of Directors has authorized a $1 billion increase and a one-year extension to its stock repurchase program, raising the aggregate authorization under the program to $4.5 billion and authorizing repurchases through October 25, 2026. Since initiating the stock repurchase program in late October 2018, the Company has repurchased approximately 62 million shares of its common stock for a total of $2.7 billion through September 30, 2024. Under the repurchase program, the Company is authorized to repurchase shares in the open market as well as in privately negotiated transactions. The ti
CHICAGO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) will release its third quarter 2024 financial results on Thursday, October 24, 2024. Conference Call Details LKQ will host a conference call and webcast on October 24, 2024 at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) with members of senior management to discuss the Company's results. To access the investor conference call, please dial (833) 470-1428. International access to the call may be obtained by dialing (404) 975-4839. The investor conference call will require you to enter conference ID: 461776. Webcast and Presentation Details The audio webcast and accompanying slide presentation can be accessed at (
ANTIOCH, Tenn., Sept. 10, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) will host its 2024 Investor Day today at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) and conclude at approximately 1:00 p.m. Eastern Time (12:00 p.m. Central Time) at its headquarters in Antioch, Tennessee. The Investor Day will feature presentations by Justin Jude, President and Chief Executive Officer, Rick Galloway, Senior Vice President and Chief Financial Officer, and other members of leadership team. The presentations will focus on LKQ's strategy, as well as business overviews and targets for growth and margin expansion in the Wholesale – North America and Europe segments. "Our team's dedicatio
ANTIOCH, Tenn., Aug. 06, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) today announced that the Company will host an Investor Day at its headquarters in Antioch, Tennessee on Tuesday, September 10, 2024. The presentations, including question and answer sessions, will begin at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) and conclude at approximately 1:00 p.m. Eastern Time (12:00 p.m. Central Time). The Investor Day will feature presentations by Justin Jude, the Company's President and Chief Executive Officer, Rick Galloway, the Company's Senior Vice President and Chief Financial Officer, and other members of the Company's leadership team. The presentations will focus on LKQ's
Revenue of $3.7 billion (an 8% increase compared to the same period in 2023)Diluted EPS2 of $0.70; adjusted diluted EPS1,2 of $0.98Second quarter operating cash flow of $213 million; free cash flow1 of $133 millionRepurchased $125 million of LKQ sharesDividend of $0.30 per share approved to be paid in the third quarter of 2024Annual guidance updated CHICAGO, July 25, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) today reported second quarter 2024 financial results. "Our second quarter performance did not meet expectations as lower repairable claims in North America and difficult macroeconomic conditions in Europe led to declines in overall volumes. In light of soft demand, our tea
CHICAGO, July 22, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) ("LKQ" or the "Company") today announced the appointment of Andrew Clarke to the Company's Board of Directors (the "Board") as a new independent director, effective July 22, 2024. With the addition of Mr. Clarke, the LKQ Board will consist of ten members, eight of whom are independent. Mr. Clarke brings significant logistics, transportation, operations, and financial expertise, having most recently served as Chief Financial Officer at C.H. Robinson, the largest freight broker in the U.S. and one of the biggest third-party logistics providers in the world, from 2015 to 2019. During his time as CFO at C.H. Robinson, Mr.
CHICAGO, June 27, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) will release its second quarter 2024 financial results on Thursday, July 25, 2024. Conference Call Details LKQ will host a conference call and webcast on July 25, 2024 at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) with members of senior management to discuss the Company's results. To access the investor conference call, please dial (833) 470-1428. International access to the call may be obtained by dialing (404) 975-4839. The investor conference call will require you to enter conference ID: 893094. Webcast and Presentation Details The audio webcast and accompanying slide presentation can be accessed at (www.lk
CHICAGO, June 21, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) today announced that a new collective bargaining agreement has been agreed with the trade union Verdi. The agreement covers approximately 5,000 employees of LKQ Europe in Germany, including 730 colleagues at LKQ's Sulzbach-Rosenberg distribution center. The collective bargaining agreement has a two-year duration, which expires on April 30, 2026. The tariff agreement includes a mandatory peace obligation, which immediately ends all strike activity throughout the term of the agreement. "I am delighted to report that an agreement for LKQ Europe workers in Germany has been reached in the tariff dispute. We are pleased t
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LKQ Corporation (NASDAQ:LKQ) shares are trading lower on Thursday after the company reported second-quarter results. The company reported adjusted earnings per share of 98 cents, missing the analyst consensus of $1.03. Quarterly revenues of $3.71 billion (+7.6%), missed the street view of $3.87 billion. Net income for the second quarter of 2024 was $185 million compared to $281 million for the same period of 2023. Cash flow from operations and free cash flow were $213 million and $133 million, respectively, for the second quarter of 2024. As of June-end, the balance sheet reflected total debt of $4.3 billion and total leverage was 2.3x EBITDA. Also Read: Surprise Q2 GDP Growt
LKQ (NASDAQ:LKQ) reported quarterly earnings of $0.98 per share which missed the analyst consensus estimate of $1.03 by 4.85 percent. This is a 10.09 percent decrease over earnings of $1.09 per share from the same period last year. The company reported quarterly sales of $3.71 billion which missed the analyst consensus estimate of $3.87 billion by 4.11 percent. This is a 7.63 percent increase over sales of $3.45 billion the same period last year.
LKQ's (NYSE:LKQ) short percent of float has risen 5.19% since its last report. The company recently reported that it has 3.83 million shares sold short, which is 1.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.82 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is importan
LKQ (NASDAQ:LKQ) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 2 0 0 0 Analysts have recently evaluated LKQ and provided 12-month price targets. The average target is $59.75, accompanied by a high estimate of $65.00 and a low estimate of $54.00. Observing a 0.71% increase, the current average h
Barrington Research analyst Gary Prestopino maintains LKQ (NASDAQ:LKQ) with a Outperform and maintains $60 price target.
LKQ's (NYSE:LKQ) short percent of float has fallen 33.33% since its last report. The company recently reported that it has 3.92 million shares sold short, which is 1.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.8 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is importa
Revenue of $3.6 billion (a 0.5% increase compared to the same period in 2023)Diluted EPS2 of $0.73; adjusted diluted EPS1,2 of $0.88Third quarter operating cash flow of $420 million; free cash flow1 of $341 millionRepurchased $125 million of LKQ shares$1 billion increase to stock repurchase program announced, raising the aggregate authorization to $4.5 billion through October 25, 2026Dividend of $0.30 per share approved to be paid in the fourth quarter of 2024 ANTIOCH, Tenn., Oct. 24, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) today reported third quarter 2024 financial results. "Our third quarter results reflect softer overall volumes, which underscore the importance o
CHICAGO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) will release its third quarter 2024 financial results on Thursday, October 24, 2024. Conference Call Details LKQ will host a conference call and webcast on October 24, 2024 at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) with members of senior management to discuss the Company's results. To access the investor conference call, please dial (833) 470-1428. International access to the call may be obtained by dialing (404) 975-4839. The investor conference call will require you to enter conference ID: 461776. Webcast and Presentation Details The audio webcast and accompanying slide presentation can be accessed at (
Revenue of $3.7 billion (an 8% increase compared to the same period in 2023)Diluted EPS2 of $0.70; adjusted diluted EPS1,2 of $0.98Second quarter operating cash flow of $213 million; free cash flow1 of $133 millionRepurchased $125 million of LKQ sharesDividend of $0.30 per share approved to be paid in the third quarter of 2024Annual guidance updated CHICAGO, July 25, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) today reported second quarter 2024 financial results. "Our second quarter performance did not meet expectations as lower repairable claims in North America and difficult macroeconomic conditions in Europe led to declines in overall volumes. In light of soft demand, our tea
CHICAGO, June 27, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) will release its second quarter 2024 financial results on Thursday, July 25, 2024. Conference Call Details LKQ will host a conference call and webcast on July 25, 2024 at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) with members of senior management to discuss the Company's results. To access the investor conference call, please dial (833) 470-1428. International access to the call may be obtained by dialing (404) 975-4839. The investor conference call will require you to enter conference ID: 893094. Webcast and Presentation Details The audio webcast and accompanying slide presentation can be accessed at (www.lk
Revenue of $3.7 billion (an 11% increase compared to the same period in 2023)Diluted EPS2 of $0.59; adjusted diluted EPS1,2 of $0.82Operating cash flow of $253 million; free cash flow1 of $187 millionDividend of $0.30 per share approved to be paid in the second quarter of 2024Completed an offering of €750 million of unsecured 4.125% senior notesUni-Select synergies accelerated and increased from $55 million to $65 millionRepurchased $30 million of LKQ shares CHICAGO, April 23, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) today reported first quarter 2024 financial results. "Our first quarter results were below our expectations as our Wholesale – North America segment was confront
CHICAGO, March 19, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) will release its first quarter 2024 financial results on Tuesday, April 23, 2024. Conference Call Details LKQ will host a conference call and webcast on April 23, 2024 at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) with members of senior management to discuss the Company's results. To access the investor conference call, please dial (833) 470-1428. International access to the call may be obtained by dialing (404) 975-4839. The investor conference call will require you to enter conference ID: 568620. Webcast and Presentation Details The audio webcast and accompanying slide presentation can be accessed at (www.l
Fourth quarter 2023 revenue of $3.5 billion (a 16.6% increase compared to the same period of 2022); annual revenue of $13.9 billion (an 8.4% increase compared to 2022)Parts and services organic revenue increased 2.8% (3.4% on a per day basis); annual increase of 4.7% (5.1% on a per day basis)Fourth quarter 2023 diluted EPS2 of $0.69; adjusted diluted EPS1,2 of $0.84Annual diluted EPS2 of $3.51; adjusted diluted EPS1,2 of $3.83Annual operating cash flow of $1.4 billion; free cash flow1 of $1.0 billionDividend of $0.30 per share approved to be paid in the first quarter of 20242024 outlook provided CHICAGO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) today reported fourth
CHICAGO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) will release its fourth quarter and full year 2023 financial results on Thursday, February 22, 2024. Conference Call Details LKQ will host a conference call and webcast on February 22, 2024 at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) with members of senior management to discuss the Company's results. To access the investor conference call, please dial (833) 470-1428. International access to the call may be obtained by dialing (404) 975-4839. The investor conference call will require you to enter conference ID: 672153. Webcast and Presentation Details The audio webcast and accompanying slide presentat
Revenue of $3.6 billion (a 15% increase compared to the same period in 2022); parts and services organic revenue increased 3.0% (4.3% on a per day basis)Diluted EPS2 of $0.77; adjusted diluted EPS1,2 of $0.86Third quarter operating cash flow of $441 million; free cash flow1 of $344 millionIncreased dividend by 9%; $0.30 per share approved to be paid in the fourth quarter of 2023Completed Uni-Select Inc. acquisition on August 1, 2023Completed divestiture of GSF Car Parts Limited on October 25, 2023Europe Segment EBITDA margins impacted by 110 basis points due to a legacy value-added tax issue related to our Italian operations and strikes in GermanyAnnual guidance updated CHICAGO, Oct. 26, 2
CHICAGO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) today announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per share of common stock, payable on November 30, 2023, to stockholders of record at the close of business on November 16, 2023. This reflects a 9% increase over the prior quarterly dividend of $0.275 and is the Company's second consecutive year of increased cash dividends paid to stockholders since its inaugural cash dividend paid on December 21, 2021. Dominick Zarcone, President and Chief Executive Officer, commented that, "The increase in our annual dividend from $1.10 to $1.20 per share reflects the Board's ongoing c
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MKM Partners initiated coverage of LKQ with a rating of Buy and set a new price target of $68.00
Barrington Research upgraded LKQ from Mkt Perform to Outperform
Barrington Research downgraded LKQ from Outperform to Mkt Perform
Raymond James reiterated coverage of LKQ with a rating of Outperform and set a new price target of $62.00 from $60.00 previously
Raymond James upgraded LKQ from Market Perform to Outperform and set a new price target of $60.00
Barrington Research resumed coverage of LKQ with a rating of Buy
Barrington Research reiterated coverage of LKQ with a rating of Outperform and set a new price target of $50.00 from $40.00 previously
CHICAGO, July 22, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) ("LKQ" or the "Company") today announced the appointment of Andrew Clarke to the Company's Board of Directors (the "Board") as a new independent director, effective July 22, 2024. With the addition of Mr. Clarke, the LKQ Board will consist of ten members, eight of whom are independent. Mr. Clarke brings significant logistics, transportation, operations, and financial expertise, having most recently served as Chief Financial Officer at C.H. Robinson, the largest freight broker in the U.S. and one of the biggest third-party logistics providers in the world, from 2015 to 2019. During his time as CFO at C.H. Robinson, Mr.
Varun Laroyia Appointed Chief Executive Officer and Managing Director of LKQ Europe; Rick Galloway Appointed Senior Vice President and Chief Financial Officer of LKQ CHICAGO, Sept. 19, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ), a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, today announced the following leadership appointments, effective immediately: Varun Laroyia, Executive Vice President and Chief Financial Officer, has been appointed as Chief Executive Officer and Managing Director of LKQ Europe. Mr. Laroyia succeeds Arnd Franz, who is leaving the Company to join Mahle Group ("Mahle") as its Chief Executive O