North America alternative parts utilization reached a record of nearly 41% as the segment widened its margin despite fewer repairable claims. LKQ Corporation (NASDAQ: LKQ) has suspended its board’s review of strategic alternatives, including the process to sell its Specialty segment, and reported a third-quarter loss as operating problems in Europe drove revenue down 5.1% […]
LKQ Names Salvatore Abbate CEO
Justin Jude and LKQ Europe chief Andy Hamilton depart as Alvarez & Marsal is retained to advise on European operations. LKQ Corporation (NASDAQ: LKQ) has appointed Salvatore A. “Sal” Abbate, the former chief executive officer of Veritiv Corporation, as its next president and CEO, replacing Justin Jude, who left the company Oct. 23, the same […]
LKQ Europe Begins Rollout of Expanded LKQ Academy Training Platform
LKQ Europe has started rolling out a new online platform for LKQ Academy, its training program for automotive aftermarket professionals, beginning in the United Kingdom and Ireland. The company expects the rollout to be complete across its European markets by 2027. The platform pairs around-the-clock online learning with bookable face-to-face courses, aimed at a problem […]
LKQ North America Returns to Growth as Alternative Parts Utilization Tops 40%
Alternative parts utilization set a second consecutive record — though a ERP system conversion in Germany drove a cut to full-year guidance. LKQ Corporation’s (NASDAQ: LKQ) North America segment returned to organic revenue growth in the second quarter for the first time since 2023, as alternative parts utilization exceeded 40% and the decline in repairable […]
Collision Repair Education Foundation Reports More Than $9 Million in 2025 In-Kind Donations
The Collision Repair Education Foundation (CREF) said industry partners contributed more than $9 million in in-kind donations to collision repair training programs in 2025, with software providers accounting for the largest share of the support. The donations equipped schools across the country with the equipment, software and parts used in modern collision repair facilities. For […]
LKQ Reports Deeper Emissions Reduction in 2025 Sustainability Report
LKQ Corporation (NASDAQ: LKQ) published its 2025 Sustainability Report on May 27, reporting that it processed approximately 284,000 vehicles and reused, refurbished or remanufactured more than 4.9 million parts during the year. “At LKQ, sustainability starts with how we run the business, embedded in our strategy and reflected in our operating discipline focused on long-term […]
LKQ Reports Q1 Revenue of $3.5 Billion as North America Outperforms Repairable Claims Decline
Used car price gains, near-record alternative parts utilization and easing insurance premiums signal recovery. LKQ Corporation (NASDAQ: LKQ) reported first-quarter revenue of $3.47 billion, up 4.3% from the year-ago quarter, as foreign currency tailwinds and growth in its Specialty segment offset organic declines in North America and Europe. Total parts and services revenue increased 3.6%, […]
LKQ Reports Q4 Revenue of $3.3 Billion
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 & […]
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