Welcome to our dedicated page for Lkq news (Ticker: LKQ), a resource for investors and traders seeking the latest updates and insights on Lkq stock.
LKQ Corporation (LKQ) operates as a leading global distributor of vehicle replacement parts and components, serving the automotive repair industry through its network of salvage facilities and aftermarket distribution channels. This news hub provides timely updates on corporate developments, financial performance, and strategic initiatives shaping LKQ's position in the sustainable automotive parts sector.
Investors and industry professionals will find comprehensive coverage of earnings announcements, acquisition activity, partnership agreements, and operational milestones. The curated news selection emphasizes LKQ's core business areas including recycled collision parts, remanufactured mechanical components, and specialty aftermarket products.
Key updates include regulatory compliance changes affecting the aftermarket industry, sustainability efforts in vehicle recycling, and technological advancements in parts distribution. The page serves as a centralized resource for understanding LKQ's market expansion across North America and Europe.
Bookmark this page for streamlined access to official press releases and third-party analysis relevant to LKQ's evolving role in cost-effective automotive repair solutions.
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.
LKQ reported Q3 2024 results with revenue of $3.6 billion, a 0.5% increase year-over-year. Parts and services organic revenue decreased 2.8%, while net income declined to $191 million from $207 million in Q3 2023. The company generated $420 million in operating cash flow and returned over $200 million to shareholders through share repurchases and dividends. Due to ongoing revenue headwinds, LKQ updated its 2024 outlook, reducing organic revenue growth expectations to -2.75% to -1.75% and adjusted diluted EPS guidance to $3.38-$3.52.
LKQ announced a $1 billion increase to its stock repurchase program, bringing the total authorization to $4.5 billion and extending the program through October 25, 2026. Since October 2018, the company has repurchased approximately 62 million shares for $2.7 billion. The program allows for open market and private transaction purchases, with timing and amounts determined by management based on market conditions. Repurchased shares will be held as treasury stock.
LKQ (Nasdaq: LKQ) has announced that it will release its third quarter 2024 financial results on Thursday, October 24, 2024. The company will host a conference call and webcast on the same day at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) to discuss the results with senior management.
Investors can access the conference call by dialing (833) 470-1428 for domestic calls or (404) 975-4839 for international calls, using the conference ID: 461776. An audio webcast and accompanying slide presentation will be available on the company's website at www.lkqcorp.com in the Investor Relations section.
A replay of the conference call will be accessible via telephone and online until November 8, 2024. The telephone replay numbers are (866) 813-9403 for domestic calls and (929) 458-6194 for international calls, with conference ID: 256126.
