LKQ Corp. is a distributor of vehicle products and its parts to repair, maintain, and accessorize automobiles. It operates through the following segments: Wholesale-North America, Europe and Specialty. The Wholesale-North America segment includes Glass and Self-Service segments. The company was founded by Donald F. Flynn in February 1998 and is headquartered in Chicago, IL.

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LKQ reports Q4 revenue decline, eyes growth in Europe and aftermarket

LKQ's Q4 2022 performance showed mixed results across segments, with notable organic revenue growth in North America and Europe.
Challenges persist in the Specialty segment due to RV parts demand and slow vehicle sales recovery.
Opportunities lie in expanding State Farm's aftermarket parts usage, battery recycling initiatives, and margin improvement in Europe.
Overall, LKQ aims for organic revenue growth of 6-8% and adjusted diluted EPS of $3.90 to $4.20 for 2023.

LKQ reports strong Q1 earnings, eyes growth amidst segment challenges

LKQ's Q1 2023 performance showcased strength in North America and Europe, while facing challenges in the Specialty and Self-service segments.
Operational improvements in Europe and strategic initiatives like ESG focus and acquisitions position LKQ for sustainable growth.
Addressing challenges in the Specialty segment and leveraging opportunities in RV repair parts and operational efficiency will be key focus areas for LKQ.

LKQ reports record Q2 revenue, eyes growth through strategic partnerships

LKQ Corporation delivered a strong Q2 2023 performance with record revenue and stable financials, despite challenges in certain segments.
The company's focus on operational efficiency, strategic partnerships, and future growth pillars positions it well for continued success and profitability.
While facing challenges in the Specialty segment, LKQ remains confident in its ability to navigate market dynamics and capitalize on growth opportunities.
With a pending acquisition, cost synergies, and a growing Services business, LKQ is poised for sustained growth and competitive strength in the market.

LKQ reports mixed Q3 results, eyes recovery amid operational challenges

LKQ Corporation's Q3 performance reflected mixed results with revenue growth but decreased earnings per share, highlighting operational challenges and strategic moves.
While facing challenges in European operations and staffing issues, the company demonstrated strengths in North America, working capital management, and capital allocation strategies.
Opportunities lie in debt repayment, market resilience, and strategic business segments, positioning LKQ for potential growth and recovery in the future.
Overall, LKQ's performance in Q3 2023 underscores a complex operating environment with a mix of challenges and opportunities that require strategic focus and operational agility.

LKQ reports strong Q4 revenue growth, eyes European opportunities

LKQ's Q4 2023 performance showcased revenue growth and operational challenges. The company's strengths in financial stability and strategic divestments position it well for future growth. Opportunities in Europe and EV battery initiatives offer avenues for expansion.

LKQ reports Q1 revenue growth, tackles margin challenges strategically

LKQ faced challenges in Q1 2024 but reported revenue growth and free cash flow generation.
Efforts to address margin pressures and drive improved performance across regions and segments.
Focus on reducing leverage ratio, organic revenue growth, and operational excellence.
Excitement for future prospects and investor day scheduled for positive outlook.

LKQ prioritizes profitable growth amidst revenue challenges in Q2

LKQ's Q2 2024 performance highlighted a strategic focus on profitable growth, margin enhancement, and capital efficiency. While facing revenue challenges in North America and Europe, the company remains committed to driving shareholder value through disciplined capital allocation and operational optimization.

LKQ reports resilient Q3 earnings amidst revenue challenges and expansions

LKQ's Q3 performance showed resilience with a 2% increase in adjusted diluted earnings per share despite revenue challenges in North America.
The company's proactive approach to operational excellence and portfolio optimization positions it well for future growth and efficiency.
Challenges from revenue headwinds, operational disruptions, and market-driven declines require strategic adjustments and focused efforts.
Maintaining free cash flow targets, expanding share repurchase program, and employee dedication are key strengths driving LKQ's performance.

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LKQ Corp. is a distributor of vehicle products and its parts to repair, maintain, and accessorize automobiles. It operates through the following segments: Wholesale-North America, Europe, and Specialty. The Wholesale-North America segment includes Glass and Self-Service segments. The company was founded by Donald F. Flynn in February 1998 and is headquartered in Antioch, TN.

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.

LKQ Subsidiary Keystone Automotive Operations Named 2024 Channel Partner of the Year by Specialty Equipment Market Association

LKQ Corporation (NASDAQ:LKQ ) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET Company Participants Joe Boutross - VP of IR Justin Jude - President and CEO Rick Galloway - SVP and CFO Conference Call Participants Craig Kennison - Baird Scott Stember - ROTH MKM Brian Butler - Stifel Gary Prestopino - Barrington Research Jash Patwa - JPMorgan Bret Jordan - Jefferies Operator Good morning everyone and welcome to the LKQ Corporation's Third Quarter 2024 Earnings Call. My name is Lydia and I'll be your operator today.

LKQ Corporation (LKQ) Q3 2024 Earnings Call Transcript

LKQ reports mixed third-quarter results and expects 2024 operating cash flow to be $1.175 billion, down from the previous outlook of $1.20 billion.

LKQ Surpasses Q3 Earnings Expectations, Trims 2024 Outlook

While the top- and bottom-line numbers for LKQ (LKQ) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

LKQ (LKQ) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

LKQ (LKQ) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.86 per share a year ago.

LKQ (LKQ) Q3 Earnings Top Estimates

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 of executing on our strategic transformation discussed at our September investor day. Our focus on managing our operating expenses is critically important, especially in a period when the top line is facing uncontrollable market headwinds. The agility of the LKQ team was again validated by the growth witnessed in adjusted diluted earnings per share and overall Segment EBITDA margin relative to the prior year. We remain confident in the long-term earnings potential of our businesses as we navigate short-term industry dynamics and a difficult macro-economic environment that will continue to affect the business in the fourth quarter,” noted Justin Jude, President and Chief Executive Officer.

LKQ Corporation Announces Results for Third Quarter 2024

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.

LKQ Corporation Announces $1 Billion Increase to its Stock Repurchase Program

Beyond analysts' top -and-bottom-line estimates for LKQ (LKQ), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.

Unveiling LKQ (LKQ) Q3 Outlook: Wall Street Estimates for Key Metrics

LKQ (LKQ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

LKQ (LKQ) Reports Next Week: Wall Street Expects Earnings Growth

The S&P 500 has performed admirably in 2024, up nearly 22%.

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CHICAGO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its third quarter 2024 financial results on Thursday, October 24, 2024.

LKQ Corporation to Release Third Quarter 2024 Results on Thursday, October 24, 2024

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Global consumer spending growth exhibited some resilience in the second quarter of 2024.

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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).

LKQ Corporation to Host Investor Day on September 10, 2024

LKQ presented itself in its last quarterly report as a global distributor of vehicle products. Strong financial growth seen in assets, liabilities, and book value per share over the last decade indicates undervaluation. LKQ Corporation plans to redesign its business model in Europe and benefit from recent M&A transactions for accelerated growth.

LKQ Corp.: FCF Growth, M&A, And European Redesign Implied Undervaluation

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Although acquiring nominally cheap securities doesn't necessarily mean anything, targeting undervalued stocks is another ballgame. By undervalued, we're talking about enterprises that should be priced higher thanks to various factors.

7 Undervalued Stocks to Scoop Up Amid Q3 Market Turbulence

LKQ misses second-quarter earnings and sales estimates. It now expects 2024 adjusted EPS in the range of $3.50-$3.70 for 2024, down from $3.90-$4.20 guided earlier.

LKQ Falls Short of Q2 Earnings Estimates, Cuts 2024 Guidance

The headline numbers for LKQ (LKQ) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, LKQ (LKQ) Q2 Earnings: A Look at Key Metrics

LKQ (LKQ) came out with quarterly earnings of $0.98 per share, missing the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $1.09 per share a year ago.

LKQ (LKQ) Lags Q2 Earnings and Revenue Estimates

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 teams acted with agility and decisiveness to address our cost structure and protect our margins,” noted Justin Jude, President and Chief Executive Officer.

LKQ Corporation Announces Results for Second Quarter 2024

Brings Over 20 Years of Executive, Operational and Financial Experience in Global Transportation and Logistics Industries Brings Over 20 Years of Executive, Operational and Financial Experience in Global Transportation and Logistics Industries

LKQ Corporation Appoints Andrew Clarke to Board of Directors

The consensus price target hints at a 34% upside potential for LKQ (LKQ). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts See a 34.02% Upside in LKQ (LKQ): Can the Stock Really Move This High?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing LKQ (LKQ) Right Now?

LKQ Corporation is the world's largest provider of alternative collision and mechanical replacement parts - a relatively steady business with positive secular trends. LKQ benefits from scale, with sophisticated systems for inventory management and a large network of facilities and vehicles. After successfully expanding capabilities and geographic reach, new leadership appears laser-focused on gaining efficiencies and improving margins.

LKQ: Durable Compounder At An Attractive Valuation

CHICAGO, June 27, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its second quarter 2024 financial results on Thursday, July 25, 2024.

LKQ Corporation to Release Second Quarter 2024 Results on Thursday, July 25, 2024

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.

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