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You are here: Home / Archives for LKQ Corporation

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

LKQ Completes Divestiture of GSF Car Parts to Epiris

October 25, 2023 By CollisionWeek Editor

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. […]

Filed Under: News Tagged With: Acquisitions, DC Advisory, Epiris, GSF Car Parts, LKQ Corporation, United Kingdom

LKQ’s Ian Musselman Appointed to CAWA’s Board of Directors

October 24, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: CAWA, LKQ Corporation, People

LKQ Donates $50,000 to Support Technician Workforce in Partnership with TechForce Foundation

August 9, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Donations, LKQ Corporation, TechForce Foundation, Workforce Development

LKQ Corporation Completes Uni-Select Acquisition

August 1, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, Canada, FinishMaster, LKQ Corporation, Uni-Select, United Kingdom

LKQ Corporation Waives UK Merger Clearance Condition for Uni-Select Acquisition

July 27, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, LKQ Corporation, Uni-Select

LKQ Reports Revenue of $3.4 Billion in Second Quarter

July 27, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Earnings, LKQ Corporation

UK Competition Regulator Says Solutions Offered to Address Competition Concerns in LKQ Acquisition of Uni-Select

July 25, 2023 By CollisionWeek Editor

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, […]

Filed Under: News Tagged With: Acquisitions, FinishMaster, LKQ Corporation, UK Competition and Markets Authority, Uni-Select, United Kingdom

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