LKQ Corporation (Nasdaq: LKQ) announced that it has closed its previously announced agreement to sell its equity interests in two Czech wholesale automotive parts distributors to Swiss Automotive Group AG. Terms of the transaction were not disclosed. Dominick Zarcone, President and Chief Executive Officer of LKQ, stated, “This divestiture reinforces our ongoing commitment to rationalizing […]
LKQ Reports Full Year 2019 Sales Up 5.3%
LKQ Corporation (NASDAQ:LKQ) today reported revenue for the fourth quarter of 2019 of $3.01 billion, an increase of 0.2% as compared to $3.00 billion in the fourth quarter of 2018. For the fourth quarter of 2019, parts and services organic revenue increased 0.9%, and acquisition revenue growth was 0.2%, while the impact of exchange rates […]
Tyler Threadgill Named VP of Government Affairs at LKQ
LKQ Corporation announced it has hired Tyler Threadgill as Vice President of Federal Government Affairs. Mr. Threadgill will join LKQ’s Washington, D.C. office and assist in growing the company’s government affairs presence with a primary focus on federal government legislative policy and regulation. “LKQ is excited to have Tyler join our growing Government Affairs team, […]
LKQ Donates $25,000 to Collision Repair Education Foundation
The LKQ Corporation continued its support of the Collision Repair Education Foundation (CREF) with a contribution of $25,000 in 2019. LKQ’s annual contribution allows CREF the ability to work on attracting students to local technical programs, support the students while in school, and help connect the students to local/national industry employers. Terry Fortner, LKQ Vice […]
LKQ Corporation to Sell Two Czech Distributors
LKQ Corporation (NASDAQ:LKQ) announced an agreement to sell its equity interests in two Czech wholesale automotive parts distributors to Swiss Automotive Group AG. Terms of the transaction were not disclosed. In May 2018, the European Commission cleared LKQ’s acquisition of Stahlgruber GmbH, with the exception of Stahlgruber’s two wholesale businesses in the Czech Republic, which […]
LKQ Acquires Auto Data Labels
LKQ Corporation announced it reached an agreement to acquire Auto Data Labels Inc., the manufacturer and distributor of replacement vehicle information labels in North America used by collision repair facilities. Auto Data Labels produces various types of replacement vehicle information labels for all years, vehicle makes and models, including labels for Vehicle Identification (VIN), Federal […]
LKQ Corporation Announces ADAS Calibration Promise for Collision Repair Parts
Company states warranted parts suitable for vehicles equipped with advanced driver assistance systems. LKQ Corporation announced it is introducing its Promise of Calibration that warrants collision repair parts it sells are suitable for advanced driver assistance systems (ADAS) and will support proper calibration. The Promise of Calibration states: “LKQ Corporation warrants that all recycled OEM, […]
LKQ Corporation Announces Revenue of $3.15 Billion, Up 1% in Third Quarter
Parts and services organic revenue increased 2.3%; 0.9% on a per day basis. Announces $500 million additional stock buyback. LKQ Corporation (NASDAQ:LKQ) today reported revenue for the third quarter of 2019 of $3.15 billion, an increase of 0.8% as compared to $3.12 billion in the third quarter of 2018. For the third quarter of 2019, […]
LKQ Divests a Majority of Bulgarian Business
LKQ Corporation (NASDAQ:LKQ) announced it has merged its subsidiary Auto Kelly Bulgaria EOOD with Elit Kar OOD. LKQ now owns a 20% equity interest in the combined business, which will continue to operate under both the Elit Car Group and Auto Kelly brand names. In addition, the combined business will acquire parts from LKQ’s aftermarket […]
Australia’s Suncorp Reported Considering Sale of ACM Parts and Capital SMART
According to an article in the Australia Financial Review, Australia insurer Suncorp Group is considering a sale of its automotive parts supplier business, ACM Parts. According to the article, the insurer and financial services company has hired Deloitte Corporate Finance to oversee a strategic review for the division that may led to a sale of all […]