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.

Genuine Parts

Although the Zacks Automotive-Replacement industry is battling chip crunch, logistical challenges and cost woes, GPC and LKQ appear better positioned to escape industry challenges.

Stay Ahead of Industry Odds With These 2 Auto Replacement Stocks

LKQ Corporation has done really well in recent months, with shares rising despite mixed fundamental performance. This can be chalked up to robust expectations by management this year, combined with a cheap share price.

LKQ Corporation: More Upside Looks To Be On The Table

LKQ Corp (NASDAQ:LKQ ) Q2 2022 Earnings Conference Call July 28, 2022 8:00 AM ET Company Participants Joseph Boutross - VP, IR Dominick Zarcone - President, CEO & Director Varun Laroyia - EVP & CFO Conference Call Participants Scott Stember - MKM Partners Craig Kennison - Robert W. Baird & Co. Brian Butler - Stifel, Nicolaus & Company Gary Prestopino - Barrington Research Associates Daniel Imbro - Stephens Inc. Bret Jordan - Jefferies Operator Good morning.

LKQ Corp (LKQ) CEO Dominick Zarcone on Q2 2022 Results - Earnings Call Transcript

LKQ's Q2 earnings beat estimates thanks to higher-than-expected revenues from the Wholesale North American segment. However, the bottom line contracts 3.5% year over year.

LKQ's Q2 Earnings Beat, Sales Fall Short of Expectations

LKQ (LKQ) delivered earnings and revenue surprises of 6.86% and 1.43%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

LKQ (LKQ) Q2 Earnings Top Estimates

CHICAGO, July 28, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq:LKQ) today reported second quarter 2022 financial results. “We had a solid second quarter delivering strong organic growth, and I am extremely proud of the results the LKQ team achieved in a challenging operating environment, which included significant inflationary pressures, supply chain disruptions, and volatile commodity and currency markets. Despite these challenges, we continued to drive our strategic initiatives forward,” noted Dominick Zarcone, President and Chief Executive Officer. “As we enter the back half of the year, we are well positioned with our market leading businesses, experienced management teams, strong balance sheet, and balanced capital allocation strategy, giving us the confidence to maintain our full year 2022 guidance.”

LKQ Corporation Announces Results for Second Quarter 2022

The Zacks Consensus Estimate for LKQ's Q2 earnings and revenues is pegged at $1.02 per share and $3.39 billion, respectively.

LKQ Q2 Earnings Coming Up: What Should Investors Expect?

LKQ is near a buy zone with earnings due on or around Jul. 28. The post Stocks To Watch Ahead Of Earnings: LKQ appeared first on Investor's Business Daily.

Stocks To Watch Ahead Of Earnings: LKQ

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.

Is LKQ (LKQ) a Great Value Stock Right Now?

CHICAGO, July 06, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its second quarter 2022 financial results on Thursday, July 28, 2022.

LKQ Corporation to Release Second Quarter 2022 Results on Thursday, July 28, 2022

CHICAGO, June 03, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ), a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, announced that Moody's Investors Service (“Moody's”) assigned a Baa3 Issuer Rating to LKQ Corporation (LKQ), upgraded the rating on LKQ European Holdings B.V.'s senior unsecured notes to Baa3, and upgraded the rating on LKQ Italia Bondco S.p.A.'s senior unsecured notes to Baa3. The outlooks are stable.

LKQ Corporation Achieves Moody's Investment Grade Issuer Rating of Baa3 with stable outlook

Standard Motor Products

The longevity of vehicles will act as a tailwind for auto replacement parts companies like Genuine Parts (GPC), LKQ Corp. (LKQ) and Standard Motor (SMP).

US Vehicles Average Age Rises to 12.2 Years: 3 Stocks to Watch

LKQ Corporation has not fared well, with shares of the business following the broader market down in recent months. Some financial performance is likely to suffer this year relative to last year, but overall revenue is slated to rise.

LKQ Corporation: Still Attractive Despite The Pain

CHICAGO, May 19, 2022 (GLOBE NEWSWIRE) -- 50/50 Women on Boards™ (50/50WOB), the leading global education and advocacy campaign driving gender balance and diversity on corporate boards, commends LKQ as a “3+” company, for having three or more women on its corporate board of directors.

50/50 Women on Boards™ Recognizes LKQ as a “3+” Company, with Three or More Women Directors

Shares of LKQ Corp. LKQ, -1.95% rose 0.5% in premarket trading Thursday, after the auto parts and accessories company said it added $500 million to its stock repurchase program. The company said that increased its repurchase program to $2.5 billion through Oct. 25, 2024.

LKQ boosts stock repurchase program by $500 million

CHICAGO, May 12, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq:LKQ) today announced that its Board of Directors has authorized a $500 million increase to its existing stock repurchase program. This raises the aggregate program authorization to $2.5 billion through October 25, 2024. Since initiating the stock repurchase plan in October 2018, the Company has repurchased 37.3 million shares through March 31, 2022 for total consideration of approximately $1.5 billion.

LKQ Corporation Announces $500 Million Increase in Stock Repurchase Program; total authorized now $2.5 Billion through October 2024

CHICAGO, May 02, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) today announced that the Company will host an Investor Day at the headquarters of LKQ North America in Nashville, Tennessee on Wednesday June 1, 2022 at 10:00 a.m. Eastern time (9:00 a.m. Central time), with presentations by members of executive management. The presentations, including question and answer sessions, are expected to conclude at approximately 1:15 p.m. Eastern time (12:15 p.m. Central time).

LKQ Corporation to Host 2022 Investor Day

LKQ Corporation (NASDAQ:LKQ ) Q1 2022 Earnings Conference Call April 28, 2022 8:00 AM ET Company Participants Joe Boutross - Vice President, Investor Relations Nick Zarcone - President and Chief Executive Officer Varun Laroyia - Executive Vice President and Chief Financial Officer Conference Call Participants Bret Jordan - Jefferies Michael Hoffman - Stifel Daniel Imbro - Stephens Stephanie Moore - Truist Craig Kennison - Baird Gary Prestopino - Barrington Research Ryan Brinkman - JPMorgan Operator Good morning. My name is Rob and I will be your conference operator today.

LKQ Corporation (LKQ) CEO Nick Zarcone on Q1 2022 Results - Earnings Call Transcript

LKQ's first-quarter earnings and revenues top estimates and register robust growth year over year. The company updates its previous guidance for 2022.

LKQ Corp (LKQ) Beats on Q1 Earnings & Sales, Ups '22 View

LKQ (LKQ) delivered earnings and revenue surprises of 9.89% and 2.08%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

LKQ (LKQ) Beats Q1 Earnings and Revenue Estimates

CHICAGO, April 28, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq:LKQ) today reported first quarter 2022 results that reflect year-over-year improvement in revenue and earnings per share.

LKQ Corporation Announces Results for First Quarter 2022

Dorman Products

The Zacks Consensus Estimate for LKQ's Q1 earnings and revenues is pegged at 91 cents per share and $3.28 billion, respectively.

Important Predictions Ahead of LKQ's Q1 Earnings Release

LKQ (LKQ) possesses 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) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

CHICAGO, April 20, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) announced that it has completed its previously announced agreement to sell PGW Auto Glass (“PGW”), a distributor of aftermarket glass to the North American automotive sector, to One Equity Partners. The sale price was $362 million, subject to customary post-closing purchase price adjustments.

LKQ Corporation Completes Sale of PGW Auto Glass Business to One Equity Partners

LKQ (LKQ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

News for LKQ Stock (LKQ)