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 […]
Coalition Seeks Federal Solution to Establish Vehicle Data Access Rights
Independent repair associations join with insurers, parts suppliers, fleet operators and consumer groups to call for data access guarantees in federal legislation. In comments to U.S. House and Senate committees considering autonomous vehicle legislation, the U.S. Vehicle Data Access Coalition, a broad based and growing group of automotive repair and supplier association and businesses, last […]
Arnd Franz Named to Succeed John Quinn at LKQ Europe
LKQ Corporation (NASDAQ:LKQ) announced that John S. Quinn, Executive Vice President and CEO of LKQ Europe, has submitted his notice of retirement and Arnd Franz, currently Chief Operating Officer of LKQ Europe, has been selected to succeed John effective October 1. Arnd Franz joined LKQ in April of this year after spending most of his […]
Premiere Services Announces Agreement with LKQ on Remanufactured Infotainment Systems
Premiere Services, the insurance replacement and collision repair categories’ provider of mobile electronics and mobile wheel and tire replacement services, has reached an agreement with LKQ Corporation to be the exclusive provider of remanufactured Infotainment and mobile electronics systems supporting the LKQCE program across all 50 states and Canada. Premiere Services remanufactures salvage mobile electronics […]
LKQ Reports Revenue Growth Over 7%
Organic parts and services growth declined 2.1 percent. LKQ Corporation (NASDAQ:LKQ) today reported revenue for the second quarter of 2019 of $3.25 billion, an increase of 7.2 percent as compared to $3.0 billion in the second quarter of 2018. For the second quarter of 2019, parts and services organic revenue declined 2.1 percent, (1.3 percent […]
LKQ Announces Exclusive Distribution Agreement with GUNIWHEEL
LKQ Corporation announced it has reached an agreement with GUNIWHEEL LLC for the exclusive distribution of the GUNIWHEEL System for North America and Europe. The GUNIWHEEL is a universal four and five lug bolt pattern transport wheel that can be used as an alternative method to temporary jack stands or lifts. When a vehicle has […]
LKQ Reports First Quarter Sales of $3.1 Billion
Overall parts and service growth 15.2 percent, organic revenue growth just 0.1 percent. LKQ Corporation (Nasdaq:LKQ) today reported revenue for the first quarter of 2019 of $3.1 billion, an increase of 14 percent as compared to $2.7 billion in the first quarter of 2018. For the first quarter, parts and services organic revenue growth was […]