LKQ Corporation celebrated its three-year partnership with the Northeastern Illinois Public Safety Training Academy (NIPSTA). Since the program began in 2018, LKQ has given access to its facilities across the State of Illinois for NIPSTA to provide technical rescue training to over 250 firefighters. LKQ facilities assisted Illinois Fire Marshalls throughout the Chicagoland area and […]
LKQ Corporation Reports Third Quarter Revenue Up 8.2% to $3.3 Billion
Sales were up compared to 2020 pandemic impact, but key measures that influence its business such as repairable claims remain below 2019 levels. Supply chain crisis creating acquisition opportunities. LKQ Corporation (NASDAQ:LKQ) reported Revenue for the third quarter of 2021 was $3.3 billion, an increase of 8.2% as compared to $3.0 billion in the third […]
Certified Collision Group Announces Strategic Partnership with Elitek for Collision Repair Diagnostic Solutions
Certified Collision Group (CCG) announced a partnership with Elitek Vehicle Services, an LKQ Corporation company, to better serve the diagnostic needs of its more than 575 independent collision repair affiliates in 39 states. “We are thrilled to expand our partnership with LKQ with the addition of Elitek,” said Marty Evans, CCG’s Chief Operating Officer. “This […]
LKQ Reports Second Quarter Revenue of $3.4 Billion
Announces additional $1 billion stock repurchase program. LKQ Corporation today reported revenue for the second quarter of 2021 was $3.4 billion, an increase of 30.8% compared to $2.6 billion in the second quarter of 2020 that had been impacted by the pandemic. For the second quarter of 2021, parts and services organic revenue increased 21.9%, […]
LKQ North America Partners with Tractable to Deploy AI to Optimize Salvage Vehicle Recycling
LKQ North America is using Tractable’s Artificial Intelligence (AI) to accelerate and optimize the recycling of the salvage vehicles LKQ procures across their North America segment. The AI uses computer vision, a technology that allows algorithms to reason based on images, to assess the specific damage on each vehicle and determine which parts can be […]
LKQ’s Elitek Vehicle Services Expands into Remote Automotive Diagnostics and Programming
Effective today, Elitek Vehicle Services is expanding its services beyond on-site mobile diagnostics and repair to also include remote automotive diagnostics and remote programming. Repair facilities can now call one company, Elitek, to service all their diagnostic service needs. Since 2019, under the Elite Electronics and VeTech Automotive Electronics brands, LKQ’s diagnostic services business, now […]
LKQ Acquires Hybrid Battery Reconditioner Green Bean Battery
LKQ Corporation (NASDAQ: LKQ) today announced that it has acquired the business and assets of Green Bean Battery, LLC. Founded in 2016, Green Bean is a hybrid battery reconditioner and installer, which has developed a proprietary hybrid battery reconditioning process that creates a more reliable battery while simultaneously extending its useful life. Green Bean acquires […]
FTC Report to Congress Examines Anti-Competitive Repair Restrictions
Report recommends ways to expand consumers’ repair options, including more enforcement, and use of voluntary agreements between manufacturers and independent repairers. In a new report to Congress, the Federal Trade Commission identifies numerous types of repair restrictions across industries such as mobile phones and automobiles. Concerns raised in the report and by proponents of an […]
LKQ Reports First Quarter Revenue of $3.2 Billion, Up 5.7% from Last Year
Parts and services organic revenue increased 0.6% overall and 2.2% on a per day basis during the quarter. March was up 15.7% on per day basis. LKQ Corporation (NASDAQ:LKQ) today reported first quarter 2021 revenue was $3.2 billion, an increase of 5.7% as compared to $3.0 billion in the first quarter of 2020. For the […]
LKQ Aftermarket Parts Considerations Online Training Course Available Through I-CAR
LKQ Corporation announced the availability of a new online training course hosted within I-CAR’s virtual training library, Aftermarket Collision Replacement Parts Considerations. LKQ has been supporting the collision repair industry through the I-CAR Sustaining Partner program since 2018. The Aftermarket Collision Replacement Parts Considerations course was released March 2 and is designed to educate the […]
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