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 & […]
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 […]
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