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 […]
LKQ Reports Revenue of $3.6 Billion for Third Quarter 2023
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 […]
LKQ Completes Divestiture of GSF Car Parts to Epiris
LKQ Corporation (NASDAQ:LKQ) today announced that it has sold GSF Car Parts to Epiris Fund III, a private equity fund based in the United Kingdom. The divestiture fulfills LKQ’s undertaking to the UK’s Competition and Markets Authority to sell the GSF business in connection with LKQ’s acquisition of Uni-Select Inc. that was completed August 1. […]
LKQ’s Ian Musselman Appointed to CAWA’s Board of Directors
Ian Musselman of the LKQ Corporation has been appointed to CAWA’s Board of Directors. During the appointment process, Young Suhr Jr., Chair of the Board of Directors, commented, “I am pleased to announce that Ian is joining the CAWA Board of Directors. He is a welcomed addition to our leadership with his experience and government […]
LKQ Donates $50,000 to Support Technician Workforce in Partnership with TechForce Foundation
LKQ Corporation, through the LKQ Community Foundation, and TechForce Foundation have entered into a strategic partnership to support students pursuing a technical education and career as a professional transportation technician. LKQ, the largest provider of alternative vehicle collision replacement products, is concerned over the seriousness of the automotive and collision technician shortage and wants to […]
LKQ Corporation Completes Uni-Select Acquisition
Uni-Select operates over 145 FinishMaster stores in the U.S. and serves Canadian auto and collision repair shops from more than 1,000 independent and 95 company operated stores. LKQ Corporation (NASDAQ:LKQ) and Uni-Select Inc. (TSE: UNS) today announced the completion of the previously-announced acquisition of Uni-Select by 9485-4692 Québec Inc., a wholly-owned subsidiary of LKQ. In […]
LKQ Corporation Waives UK Merger Clearance Condition for Uni-Select Acquisition
August 1 targeted completion date for acquisition. Uni-Select Inc. (TSE:UNS) announced today that LKQ Corporation (NASDAQ:LKQ) has elected to formally waive the closing condition relating to the receipt of UK merger clearance for the previously announced acquisition of Uni-Select by LKQ and its subsidiaries. LKQ also stated in its second quarter earnings announcement today that […]
LKQ Reports Revenue of $3.4 Billion in Second Quarter
Revenue was up 3.2% compared to last year and 5.4% on per-day basis. LKQ Corporation (NASDAQ:LKQ) today reported revenue for the second quarter of 2023 was $3.4 billion, an increase of 3.2% as compared to $3.3 billion in the second quarter of 2022. For the second quarter of 2023, parts and services organic revenue increased […]
UK Competition Regulator Says Solutions Offered to Address Competition Concerns in LKQ Acquisition of Uni-Select
LKQ had previously announced its intention to divest Uni-Select’s GSF Cark Parts UK business as part of acquisition. A fast-track Phase 1 investigation by the UK Competition and Markets Authority (CMA) confirmed July 21 that LKQ Corporation’s purchase of Uni-Select Inc. could raise competition concerns in the UK. LKQ, through Euro Car Parts, and Uni-Select, […]
LKQ Europe Acquires Commercial Parts Distributor in UK and Ireland
Marks entry into European aftermarket truck parts business. LKQ Europe has entered the truck parts business with the acquisition of Digraph, the UK’s leading independent aftermarket commercial parts distributor specializing in heavy goods vehicle (HGV), coach and bus parts. Following the transaction, Digraph will be integrated into the LKQ UK and Ireland group, alongside LKQ […]
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