Lkq Corp Stock Price, News & Analysis

LKQ Corporation (Nasdaq: LKQ) has announced a strategic joint venture with SYNETIQ Ltd., an IAA company, forming LKQ SYNETIQ. The partnership combines LKQ Europe's distribution network with SYNETIQ's dismantling expertise, which processes approximately 27,000 vehicles annually across four UK sites.

The joint venture aims to enhance LKQ Europe's salvage channel capabilities and comply with future EU regulations while advancing SYNETIQ's environmental goals. The venture will be led by SYNETIQ's Michael Hill, LKQ Europe's Annick Jourdenais, and LKQ Atracco's Magnus Tagesson. The collaboration will create a comprehensive catalog combining new aftermarket parts, certified remanufactured parts, and quality-assured recycled parts, particularly focusing on hybrid and EV models.

LKQ Corporation (LKQ) has released its 2024 Sustainability Report, highlighting the company's achievements in sustainable operations and circular economy initiatives. The report outlines LKQ's three-pillar strategy focusing on sustainable solutions, people-led performance, and governance practices.

Key 2024 achievements include:

• Processing 735,000 vehicles and selling nearly 12 million salvaged parts
• Reducing Scope 1 and 2 greenhouse gas emissions by 16% compared to 2022 baseline
• Donating over $4 million through the LKQ Community Foundation
• Employee participation in over 200 local community initiatives

LKQ (Nasdaq: LKQ) reported its Q1 2025 financial results with revenue of $3.5 billion, representing a 6.5% decrease from Q1 2024's $3.7 billion. Parts and services organic revenue declined 4.3%. The company achieved net income of $169 million with diluted EPS of $0.65, up 10.2% year-over-year.

The company returned $118 million to stockholders, including $40 million in share repurchases and $78 million in dividends. A quarterly dividend of $0.30 per share was approved for Q2 2025. The company maintained its full-year 2025 guidance, projecting organic revenue growth of 0-2% and adjusted diluted EPS of $3.40-$3.70.

LKQ's balance sheet showed total debt of $4.4 billion with a leverage ratio of 2.5x EBITDA. The company has formed a tariff task force to address potential market disruptions, though tariff impacts are not included in the current guidance.

LKQ (Nasdaq: LKQ) has announced it will release its first quarter 2025 financial results on Thursday, April 24, 2025. The company will host a conference call and webcast at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) on the same day.

Investors can access the conference call by dialing (833) 470-1428 for domestic calls or (404) 975-4839 for international access, using conference ID: 101078. The presentation will include an audio webcast and slides, accessible through the Investor Relations section of LKQ's website.

A replay will be available via telephone at (866) 813-9403 (domestic) or (929) 458-6194 (international) using conference ID: 672057, and through the company's website until May 1, 2025.

LKQ reported its Q4 and full-year 2024 results. Q4 revenue was $3.4 billion, down 4.1% from Q4 2023, with parts and services organic revenue declining 3.6%. Full-year 2024 revenue reached $14.4 billion, up 3.5% from 2023.

Q4 net income was $156 million with diluted EPS of $0.60, compared to $184 million and $0.69 in Q4 2023. Full-year 2024 net income was $690 million with diluted EPS of $2.62, down from $942 million and $3.51 in 2023.

The company generated $1.1 billion in operating cash flow and $0.8 billion in free cash flow for 2024. LKQ returned over 80% of free cash flow to shareholders through share repurchases ($360 million) and dividends ($318 million). The company's Europe segment achieved record Q4 EBITDA margin of 10.1%.

LKQ (Nasdaq: LKQ) has announced significant board changes and governance enhancements. The company has appointed two new independent directors, Sue Gove and Michael Powell, to its Board of Directors, effective immediately. This appointment comes alongside a Cooperation Agreement with Ancora Catalyst Institutional, LP and Engine Capital, LP.

The company has also formed a new Finance Committee of the Board, which will make recommendations on capital allocation strategy and business portfolio. The committee will be chaired by Andrew Clarke and include John Mendel, Xavier Urbain, along with the new directors Gove and Powell.

Gove brings experience as Founder and President of Excelsior Advisors and has board expertise in the automotive industry through IAA and AutoZone. Powell contributes leadership experience from Progressive , where he served as Claims Process General Manager.

LKQ (Nasdaq: LKQ) has announced it will release its fourth quarter and full year 2024 financial results on Thursday, February 20, 2025. The company will host a conference call and webcast at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) on the same day.

Investors can access the conference call by dialing (833) 470-1428 for domestic calls or (404) 975-4839 for international calls, using conference ID 628335. The webcast and accompanying slide presentation will be available on the company's website in the Investor Relations section.

A replay of the conference call will be accessible until February 27, 2025, via telephone at (866) 813-9403 (domestic) or (929) 458-6194 (international) using conference ID 856832. An online replay will also be available on the company's website.

LKQ announced the appointment of James S. Metcalf to its Board of Directors as a new independent director, effective December 11, 2024. The appointment is part of the Board's ongoing refreshment process. Additionally, Dominick Zarcone will not seek re-election and will retire from the Board at the 2025 Annual Meeting. Following these changes, the Board will comprise ten directors, with nine being independent. Chairman Guhan Subramanian highlighted Metcalf's experience as a public company CEO and board member, noting his expertise in business strategy and operational excellence will enhance the Board's capabilities.

LKQ 's subsidiary Keystone Automotive Operations has been awarded the Channel Partner of the Year Award at the 2024 SEMA Show in Las Vegas. Additionally, Warn Industries, a segment of Keystone Automotive Operations, received the Off-Road/4-Wheel Drive Product Award in the Best New Products category. The recognition highlights Keystone's leadership in distributing SEMA product lines and RV/marine accessories, as well as their implementation of new technologies and advanced logistics systems. SEMA represents over 7,000 member companies in the specialty-automotive parts industry.