Latest news with #LKQCorporation
Yahoo
28-05-2025
- Automotive
- Yahoo
LKQ Publishes 2024 Global Sustainability Report
ANTIOCH, Tenn., May 28, 2025 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ), a global leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, today announced the release of its 2024 Sustainability Report. The report showcases LKQ's role in driving success as a best-in-class operator for our investors and key stakeholders, while maintaining a critical role in facilitating the growth of the global circular economy. Furthermore, it reflects our on-going commitment and focus on driving profitable growth through highly efficient, responsible, and ethical business practices. The Company has a three-pillar strategy that includes: 1) profitably delivering sustainable solutions; 2) people-led performance; and 3) strong governance and ethical practices. This approach creates the framework to manage risks, while capitalizing on opportunities, that create long-term value aligned with the Company's core business of running efficient operations, reducing waste, and extending the lifecycle of alternative vehicle parts. 'LKQ embodies the principle that business excellence and sustainability are fundamentally connected. Having been part of the LKQ community for over two decades, I've experienced first-hand how our commitment to these principles drives innovation and creates value. Our foundation in the circular economy is about reimagining how our role in the vehicle industry can operate responsibly while delivering profitable growth,' stated Justin Jude, President and Chief Executive Officer. In 2024, LKQ achieved several milestones including: Processing 735,000 vehicles and selling nearly 12 million individual salvaged parts back into the circular economy. Lowering Scope 1 and Scope 2 greenhouse gas emissions across our global operations by 16%, relative to revenue, versus a 2022 baseline. We achieved this through increased use of renewable energy, fleet fuel initiatives, energy efficiency upgrades, network optimization, and business integration projects. Donating over $4 million through the LKQ Community Foundation to charitable causes in areas including health and wellness, education, veteran and global first responder support, and environmental stewardship, enabling us to connect with the communities in which we operate and strengthen our relationship with our key stakeholders and customers. Employees globally dedicating their time, skills, and resources to over 200 local initiatives that meaningfully address various social needs, which is an important part of our employee engagement and collaborative culture, while allowing us to spend time connecting with our local communities and customers. Please find our sustainability report here: About LKQ Corporation LKQ Corporation ( is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe, and Taiwan. LKQ offers its customers a broad range of OE recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles. Contacts:Joseph P. BoutrossVice President, Investor RelationsLKQ Corporation(312) 621-2793 jpboutross@
Yahoo
28-05-2025
- Business
- Yahoo
LKQ Publishes 2024 Global Sustainability Report
ANTIOCH, Tenn., May 28, 2025 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ), a global leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, today announced the release of its 2024 Sustainability Report. The report showcases LKQ's role in driving success as a best-in-class operator for our investors and key stakeholders, while maintaining a critical role in facilitating the growth of the global circular economy. Furthermore, it reflects our on-going commitment and focus on driving profitable growth through highly efficient, responsible, and ethical business practices. The Company has a three-pillar strategy that includes: 1) profitably delivering sustainable solutions; 2) people-led performance; and 3) strong governance and ethical practices. This approach creates the framework to manage risks, while capitalizing on opportunities, that create long-term value aligned with the Company's core business of running efficient operations, reducing waste, and extending the lifecycle of alternative vehicle parts. 'LKQ embodies the principle that business excellence and sustainability are fundamentally connected. Having been part of the LKQ community for over two decades, I've experienced first-hand how our commitment to these principles drives innovation and creates value. Our foundation in the circular economy is about reimagining how our role in the vehicle industry can operate responsibly while delivering profitable growth,' stated Justin Jude, President and Chief Executive Officer. In 2024, LKQ achieved several milestones including: Processing 735,000 vehicles and selling nearly 12 million individual salvaged parts back into the circular economy. Lowering Scope 1 and Scope 2 greenhouse gas emissions across our global operations by 16%, relative to revenue, versus a 2022 baseline. We achieved this through increased use of renewable energy, fleet fuel initiatives, energy efficiency upgrades, network optimization, and business integration projects. Donating over $4 million through the LKQ Community Foundation to charitable causes in areas including health and wellness, education, veteran and global first responder support, and environmental stewardship, enabling us to connect with the communities in which we operate and strengthen our relationship with our key stakeholders and customers. Employees globally dedicating their time, skills, and resources to over 200 local initiatives that meaningfully address various social needs, which is an important part of our employee engagement and collaborative culture, while allowing us to spend time connecting with our local communities and customers. Please find our sustainability report here: About LKQ Corporation LKQ Corporation ( is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe, and Taiwan. LKQ offers its customers a broad range of OE recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles. Contacts:Joseph P. BoutrossVice President, Investor RelationsLKQ Corporation(312) 621-2793 jpboutross@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-05-2025
- Business
- Yahoo
LKQ Corporation (LKQ): Among the Oversold Global Stocks to Buy According to Hedge Funds
We recently published a list of 11 Oversold Global Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where LKQ Corporation (NASDAQ:LKQ) stands against other oversold global stocks to buy according to hedge funds. Global stocks are businesses that have a diversified revenue base and do not rely entirely on one particular region or country. Their advantage is the ability to mitigate idiosyncratic risk, which arises from a specific country. Imagine a hypothetical scenario in which the US enters an economic recession that erodes consumer purchasing power, slows down industrial and manufacturing activity. The revenue growth and earnings of a US-based company will tank instantly, while a global stock will be able to compensate for the decline in the US business with growth in emerging or other developed markets. It therefore becomes obvious that global stocks are particularly attractive during times of heightened uncertainty when investors seek flight into safer assets. The calendar 2025 perfectly fits the description of a market that would favor global stocks. The situation becomes even more attractive as many of the safer global stocks became oversold due to the recent tariff turmoil, making them potentially more attractive from a valuation standpoint. At the same time, Yardeni Research data showed that the net earnings revision index has been in only mild negative territory in the last 2 quarters. What this means is that leading analysts have still not completely bought into the possibility that the US stock market will enter a recession in 2025. Let's dive deeper into economic indicators and see whether analysts are wrong, and the US market is indeed at the brink of a recession, which would favor global stocks if compared to the rest of the market. READ ALSO: First, we want to briefly touch on the tariff dilemma and emphasize that their danger is real and will likely have a significant negative impact on GDP growth and private spending. Our thesis is reinforced by the reputable J.P. Morgan bank – here's an excerpt from their recent publication: 'Facts continue to change — there is indication that the 'detox period' may be over and the latest messaging from the Trump Administration seems to be shifting from tariffs to tax cuts and deregulation. However, the damage to the business cycle still remains unclear. While tariff rates are expected to come down from current extreme levels, they are unlikely to be fully removed (China has been benefiting significantly from transshipment substitution). These are encouraging developments, but clarity and closure are still needed to solidify a more positive outlook and avoid further damage to the business cycle.' Second, recent batches of economic indicators are highly disappointing. After negative data from the Philadelphia Fed, the more recent Dallas Fed data shows that general business activity, new orders, employment, and outlook are all contracting. With such sharp deterioration in economic activity in large states, odds are that Q1 2025 GDP data will mark the first of two required quarters of negative growth to declare a recession. The slowing economy is indirectly confirmed by leading executives of shipping companies, such as America's supply chain management company's CEO claimed that in the three weeks since the tariffs took effect, ocean-container bookings from China to the US are down by more than 60 percent. Some economists warn that the consequences could be empty shelves in US stores, similar to the onset of the COVID pandemic, when markets tanked by more than 30%. Third, the consequences of lower shipments from China could be devastating for the US economy, given that hundreds of billions worth of goods flow through each year. The transportation sector already feels the consequences as one significant player lost a quarter of its value after reporting declining shipping volumes during its most recent earnings call. A prominent American capital market company recently reported that airfreight volumes from China have also stopped, as higher value-added products are seeing less importation. And the list goes on and on – countless industries are likely to be impacted by shortages of key supplies, or input prices that are too expensive to sustain production. We do not intend to make apocalyptic predictions for the US economy, and especially for the stock market. History shows that regardless of how deep a recession is, prices always recover quite quickly and reach new highs. The key takeaway for readers is that many economic indicators and indirect signals suggest that the US economy is in trouble, and the outlook is uncertain. In this case, a smart move would be to diversify away some of the US exposure by investing in oversold global stocks that have the potential to better hold their value during a potential bear market. A worker in a factory using a robotic arm to assemble automotive body panels. To compile our list of oversold global stocks, we used a screener to identify stocks with a Relative Strength Index (RSI) below 40. Then we manually identify the companies that drive at least 40% of their revenue from outside the US. Finally, we compared the list with Insider Monkey's proprietary database of hedge funds' ownership as of the fourth quarter of 2024 and included in the article the top 11 stocks with the largest number of hedge funds that own the stock, ranked in ascending order. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). LKQ Corporation (NASDAQ:LKQ) is a global distributor of alternative and specialty automotive parts, providing recycled, aftermarket, refurbished, and remanufactured components for vehicles. The company serves a diverse customer base, including collision and mechanical repair shops, dealerships, and retail consumers across North America, Europe, and Taiwan. LKQ Corporation (NASDAQ:LKQ) posted mixed Q1 2025 results as revenue softness in North America and Europe was partially offset by operational cost savings and share repurchases. North American organic revenue fell 4.1% due to declining repairable claims driven by higher insurance premiums and falling used car prices, though the company outperformed the market by 570 basis points, signaling share gains. European revenues also declined, impacted by weak consumer sentiment and unseasonably mild weather. Management highlighted productivity efforts, SKU rationalization, and improved private label penetration as ways to maintain margin stability, especially in Europe. Tariffs are a growing concern, particularly for LKQ Corporation (NASDAQ:LKQ)'s collision parts sourced from Asia, although recycled parts (a strength of LKQ) may see increased demand as price competitiveness becomes more pronounced. Specialty segment sales continued to struggle due to inflation and weaker discretionary consumer spending. Management remains committed to a simplification strategy, including recent divestitures and operational streamlining. With a tariff task force in place, LKQ aims to mitigate supply chain risks and protect margins through lean management, vendor negotiations, and pricing power where possible, securing its fifth place on our list of oversold stocks to buy. Overall, LKQ ranks 5th on our list of oversold global stocks to buy according to hedge funds. While we acknowledge the potential of LKQ as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LKQ but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
27-04-2025
- Business
- Yahoo
Here's What Analysts Are Forecasting For LKQ Corporation (NASDAQ:LKQ) After Its First-Quarter Results
It's been a sad week for LKQ Corporation (NASDAQ:LKQ), who've watched their investment drop 11% to US$37.41 in the week since the company reported its quarterly result. Results look mixed - while revenue fell marginally short of analyst estimates at US$3.5b, statutory earnings were in line with expectations, at US$0.65 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Following last week's earnings report, LKQ's nine analysts are forecasting 2025 revenues to be US$14.2b, approximately in line with the last 12 months. Per-share earnings are expected to accumulate 9.9% to US$2.98. In the lead-up to this report, the analysts had been modelling revenues of US$14.4b and earnings per share (EPS) of US$3.01 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. See our latest analysis for LKQ There were no changes to revenue or earnings estimates or the price target of US$52.47, suggesting that the company has met expectations in its recent result. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values LKQ at US$60.00 per share, while the most bearish prices it at US$48.00. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's pretty clear that there is an expectation that LKQ's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 1.1% growth on an annualised basis. This is compared to a historical growth rate of 4.1% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 3.4% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than LKQ. The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that LKQ's revenue is expected to perform worse than the wider industry. The consensus price target held steady at US$52.47, with the latest estimates not enough to have an impact on their price targets. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for LKQ going out to 2027, and you can see them free on our platform here.. You still need to take note of risks, for example - LKQ has 2 warning signs we think you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
18-04-2025
- Automotive
- Yahoo
LKQ Corporation (NASDAQ:LKQ): En Route to Simplified Business, Better Valuations
We came across a bullish thesis on LKQ Corporation (NASDAQ:LKQ) on ValueInvestorsClub by dman976. In this article, we will summarize the bulls' thesis on LKQ. The company's shares were trading at $39.40 when this thesis was published, vs. the closing price of $42.03 on Apr 17. YAKOBCHUK VIACHESLAV/ LKQ engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. The Wholesale North America (WNA) business accounts for 40% of revenue with 16.5% EBITDA margins. This segment is 15 times larger than its closest rival, giving LKQ a dominant position and enabling it to operate as a defensive company. LKQ is also the largest operator in Europe, which was achieved by acquiring companies like Euro Car Parts, Sator, Rhiag and Stahlgruber. This division accounts for 44% of the revenue with a 9.5% EBITDA margin. A $400 billion global market combined with macro headwinds like higher miles driven, average vehicle age, complexity of vehicles and cost of repair offers potential for secular growth in the future. The financials of LKQ also look strong with $353 million in cash holdings and a business generating generous free cash flows. The net leverage is below 2.5x and with a muted stock price, LKQ can look to repurchase stock in the near future. The management has hinted at operational improvements that could boost margins and provide better returns to shareholders. The focus on simplifying the Self Service and Speciality businesses should also improve sales by removing the cyclicity factor from these segments. The stock price has fallen after the acquisition of Uni-Select and the repeated earnings miss in the last 18 quarters. A soft macro environment, rising insuring costs and low sales in the winter of 2023 and 2024 have destabilized the otherwise consistent performer. These factors are expected to be short-lived, with normal business operations expected to resume soon. The negative factors have kept valuations low, with the stock price trading at 8.4x 2025 EBITDA, 11.3x 2025 EPS and 8.6% FCF yield. LKQ should consistently grow at low single digits with EBITDA margins expected to improve by 100 basis points. With a 10x EBITDA multiple and 2026 EBITDA estimates, the fair value of LKQ's share price comes to $58.11, providing a 38% upside. While we acknowledge the potential of LKQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LKQ but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
