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You are here: Home / Archives for LKQ Corporation

Federal Appeals Court Rules in Favor of LKQ in Design Patent Case Against GM

May 22, 2024 By CollisionWeek Editor

In a precedential decision, the full court overturned a common test for determining obviousness of a design patent. Yesterday, the U.S. Court of Appeals for the Federal Circuit (CAFC) ruled in favor of an appeal by LKQ Corporation in a case over a design patent held by General Motors (GM) on a 2018-1022 Chevrolet Equinox […]

Filed Under: Feature Tagged With: Design Patents, General Motors, Lawsuits, LKQ Corporation

LKQ Corporation to Sell Elit Polska in Poland to MEKO AB

May 10, 2024 By CollisionWeek Editor

LKQ Corporation (Nasdaq: LKQ) announced that it has entered into a definitive agreement to sell Elit Polska, a Poland-based distributor of automotive parts, consumables and workshop equipment to MEKO AB. The transaction is expected to be completed during the second half of 2024 and is subject to customary closing conditions and necessary regulatory approvals. Elit […]

Filed Under: News Tagged With: Acquisitions, Europe, LKQ Corporation, Poland

LKQ Reports Revenue of $3.7 Billion in First Quarter

April 23, 2024 By CollisionWeek Editor

Overall revenue up 11%, but organic revenue was lower as record warm weather in U.S. negatively impacted repairable claims volume. LKQ Corporation (NASDAQ: LKQ) today reported revenue for the first quarter of 2024 was $3.7 billion, an increase of 10.6% compared to $3.3 billion for the first quarter of 2023. For the first quarter of […]

Filed Under: News Tagged With: Earnings, LKQ Corporation

LKQ Reports Revenue of $3.5 Billion in Fourth Quarter

February 22, 2024 By CollisionWeek Editor

Quarterly revenue up over 16% and full year revenue up more than 8% compared to 2022. LKQ Corporation (NASDAQ:LKQ) today reported fourth quarter revenue of $3.5 billion, a 16.6% increase compared to $3.0 billion for the same period of 2022. Annual revenue was $13.9 billion, an 8.4% increase compared to $12.8 billion for the full […]

Filed Under: News Tagged With: Earnings, FinishMaster, LKQ Corporation

LKQ Corporation Announces Two Leadership Appointments

December 4, 2023 By CollisionWeek Editor

Following last week’s announcement by LKQ Corporation (NASDAQ: LKQ) that Justin Jude, the Company’s current Senior Vice President and President of its Wholesale – North America segment, has been appointed to serve as LKQ’s Executive Vice President and Chief Operating Officer from January 1 until he officially succeeds Dominick Zarcone as President and Chief Executive […]

Filed Under: News Tagged With: LKQ Corporation, People

3rd Annual LKQ Cares Holiday Vote Charitable Program Opens

November 28, 2023 By CollisionWeek Editor

LKQ Corporation announced its 3rd annual LKQ Cares Holiday Vote charitable program commenced today on Giving Tuesday and will run through Friday, December 8. The LKQ Community Foundation is committing to donate a total of $1 million to the following philanthropic organizations: American Cancer Society BEN Support for Life Children’s Miracle Network Hospitals Collision Repair […]

Filed Under: News Tagged With: LKQ Corporation

Justin Jude to Succeed Dominick Zarcone as LKQ President and CEO Next Year

November 27, 2023 By CollisionWeek Editor

Company announces executive leadership succession plan. LKQ Corporation (NASDAQ: LKQ) today announced that Dominick Zarcone, current President and Chief Executive Officer, has informed the Company’s Board of Directors of his intention to retire from his role effective June 30, 2024. The Board has unanimously selected Justin Jude, the Company’s current Senior Vice President and President […]

Filed Under: News Tagged With: LKQ Corporation, People

LKQ Partners with the International Rescue Committee

November 2, 2023 By CollisionWeek Editor

LKQ Corporation (NASDAQ:LKQ) announced it is strengthening its commitment to people and the planet by partnering with the International Rescue Committee (IRC), a global non-profit organization that helps people affected by humanitarian crises – including the climate crisis. This partnership exemplifies LKQ’s unwavering commitment to the power of compassion and humanity, and standing with those […]

Filed Under: News Tagged With: Agreements Signed, International Rescue Committee, LKQ Corporation

Elitek Vehicle Services Announces First Phase of Integration with CCC ONE

November 1, 2023 By CollisionWeek Editor

Elitek Vehicle Services, an LKQ company, is joining the CCC Diagnostics Network (CCC) to include the reporting automation of remote diagnostic services. With this integration, customers will be able to view their scan reports and invoices directly in the CCC ONE work file, allowing the shop to save time and effort while standardizing the documentation […]

Filed Under: News Tagged With: CCC, Diagnostics, Elitek Vehicle Services, Integrations, LKQ Corporation

LKQ Reports Revenue of $3.6 Billion for Third Quarter 2023

October 26, 2023 By CollisionWeek Editor

LKQ Corporation (NASDAQ:LKQ) today reported revenue for the third quarter of 2023 was $3.6 billion, an increase of 15.0% compared to $3.1 billion for the third quarter of 2022. Parts and services organic revenue increased 3.0% during the quarter and 4.3% on a per day basis. Foreign exchange rates increased revenue by 3.6% and the […]

Filed Under: News Tagged With: Earnings, LKQ Corporation

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