Reports full-year free cash flow of $847 million despite organic revenue declines across North America and Europe. LKQ Corporation (NASDAQ: LKQ) reported fourth-quarter revenue of $3.3 billion, up 2.7% from the year-ago quarter, as currency gains and its Specialty segment’s strong performance offset continued organic revenue declines in North America and Europe. For the full […]
GM Sues Multiple Aftermarket Parts Manufacturers, Distributors and Estimating Software Providers for Design Patent Infringement
Four federal lawsuits target parts manufacturers, parts distributors and collision estimating software providers in latest attempt at OEM design patent enforcement. General Motors LLC and GM Global Technology Operations LLC filed four patent infringement lawsuits Feb. 3 targeting numerous companies in the collision repair parts industry, alleging widespread copying of patented vehicle component designs. The […]
LKQ Board Initiates Strategic Review
Considers potential sale of company. LKQ Corporation (NASDAQ: LKQ) announced Jan. 26 that its board of directors has initiated a review of strategic alternatives to enhance shareholder value, including a potential sale of the company. The automotive parts and refinish materials distributor has engaged BofA Securities as its financial advisor and Wachtell, Lipton, Rosen & […]
LKQ Exploring Sale of Specialty Segment
LKQ Corporation (NASDAQ: LKQ) today announced that it has commenced a process to explore the potential sale of its Specialty segment. “Our Specialty segment is a leading distributor of automotive, RV and marine parts and accessories in North America. It is a strong business supported by an exceptional team. To unlock its full potential, we […]
LKQ Posts Q3 Revenue Gains Despite Repairable Claims Decline
Wholesale North America revenue flat compared to last year. LKQ Corporation (NASDAQ: LKQ) reported third-quarter revenue of $3.499 billion, a 1.3% increase from $3.453 billion for the third quarter of 2024. Total parts and services revenue increased 1.1%, which included a 2.6% increase from foreign exchange rates year over year, a 1.2% decrease in parts […]
LKQ to Install Solar System at German Logistics Hub
LKQ Corporation (NASDAQ: LKQ) announced October 21 it will install a large-scale solar power system at its logistics center in Sulzbach-Rosenberg, Germany, under a 20-year power purchase agreement with Ecobility Services GmbH. The rooftop installation will cover approximately 130,000 square feet and feature over 6,000 photovoltaic modules. The system is expected to generate approximately 2.7 […]
LKQ Corporation Completes the Sale of Self Service Segment
LKQ Corporation (NASDAQ: LKQ) announced it has completed its previously announced agreement to sell its Self Service segment, Pick Your Part, to an affiliate of Pacific Avenue Capital Partners, LLC for an enterprise value of $410 million, subject to customary purchase price adjustments. Justin Jude, President and Chief Executive Officer, commented, “We are executing on […]
LKQ Sells Self Service Segment
LKQ Corporation (NASDAQ: LKQ) today announced it has entered into an agreement to sell its Self Service segment, Pick Your Part, to an affiliate of Pacific Avenue Capital Partners, LLC for an enterprise value of $410 million, subject to customary post-closing purchase price adjustments. This proposed transaction was the result of a competitive bid sale […]
John Mendel Elected Chairman of LKQ Corporation Board
Guhan Subramanian retires as chairman and will retire from the Board on January 1, 2026 LKQ Corporation (Nasdaq: LKQ) announced that John Mendel has been elected as Chairman of the Board of Directors, effective immediately. This follows Guhan Subramanian’s decision to step down as Chairman this month and to retire from the Board on January […]
CCC and Elitek Expand Integration to Include Sublet Services
CCC Intelligent Solutions Inc. (NASDAQ: CCCS) announced that Elitek Vehicle Services, an LKQ company, has expanded its integration with the CCC Diagnostics Network. With this expansion, Elitek’s mobile sublet services can now be automatically added to CCC ONE workfiles. This enables Elitek’s mobile service collision repair customers to digitally capture diagnostics as well as non-diagnostics […]
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