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Last $24.77 USD
Change Today +0.64 / 2.65%
Volume 2.9M
LKQ On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

lkq corp (LKQ) Snapshot

Open
$24.01
Previous Close
$24.13
Day High
$24.91
Day Low
$24.01
52 Week High
05/5/14 - $29.84
52 Week Low
02/26/15 - $22.90
Market Cap
7.5B
Average Volume 10 Days
3.6M
EPS TTM
$1.27
Shares Outstanding
304.1M
EX-Date
--
P/E TM
19.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for LKQ CORP (LKQ)

lkq corp (LKQ) Related Businessweek News

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lkq corp (LKQ) Details

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in the United States, the United Kingdom, the Netherlands, Belgium, Northern France, Canada, Mexico, and Central America. The company operates in four segments: Wholesale—North America, Wholesale—Europe, Self Service, and Specialty. It distributes various products, including aftermarket collision and mechanical products; recycled collision and mechanical products; and refurbished collision replacement products, such as wheels, bumper covers and lights, and remanufactured engines. The company also offers recycled products comprising engines, transmissions, door assemblies, fenders and hoods, lights, and bumper assemblies, as well as sheet metal products, such as trunk lids; refurbish products, such as wheels, lights, plastic bumpers, and chrome bumpers; and heavy-duty truck products. In addition, it sells scrap metal and other materials to recyclers; and extracts and sells the precious metals contained in certain of salvage parts, such as catalytic converters. Further, the company sells parts from older cars and light-duty trucks directly to consumers; and operates self service retail facilities that sell recycled automotive products under the name LKQ Pick Your Part. Additionally, it distributes and markets trucks and off-roads; speed and performance; recreational vehicles; towing; wheels, tires, and performance handling products; and miscellaneous accessories. The company principally serves collision and mechanical repair shops, new and used car dealerships, and metal recyclers, as well as retail customers. LKQ Corporation was founded in 1998 and is headquartered in Chicago, Illinois.

29,500 Employees
Last Reported Date: 03/2/15
Founded in 1998

lkq corp (LKQ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $800.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $400.0K
Senior Vice President of Operations for Whole...
Total Annual Compensation: $350.0K
Senior Vice President of Development
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2014.

lkq corp (LKQ) Key Developments

LKQ Corporation Announces Management Changes

LKQ Corporation announced that John S. Quinn, Executive Vice President and Chief Financial Officer of the company is moving to the position of company's Chief Executive Officer and Managing Director of European Operations. Dominick 'Nick' Zarcone has been appointed as Executive Vice President and Chief Financial Officer to succeed Mr. Quinn, effective at the end of March 2015. Mr. Zarcone has been with the investment bank of Robert W. Baird since 1995, most recently as its Managing Director and Chief Financial Officer. Prior to being named CFO of Baird in 2011, Mr. Zarcone spent 16 years in Baird's Investment Banking Department where most recently he was Chief Operating Officer.

LKQ Corp. Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for 2015

LKQ Corp. reported unaudited consolidated financial results for the fourth quarter and year ended December 31, 2014. For the quarter, revenue was $1,684.1 million against $1,316.7 million last year. Operating income was $146.3 million against $133.8 million last year. Income before provision for income taxes was $129.7 million against $118.6 million last year. Net income was $80.5 million, an increase of 3.3% compared to $77.9 million for the fourth quarter of 2013. Diluted earnings per share were $0.26, flat year over year. For the fourth quarter, total organic revenue growth was 7.1%, including parts and services revenue growth of 8.7%. Acquisition revenue growth for the fourth quarter was 22.2%. EBITDA was $179.4 million against $157.7 million last year. Adjusted net income was $81.8 million or $0.27 per diluted share against $80.4 million or $0.26 per diluted share last year. For the year, revenue was $6,740.1 million against $5,062.5 million last year. Operating income was $649.9 million against $530.2 million last year. Income before provision for income taxes was $587.9 million against $475.8 million last year. Net income was $381.5 million compared to $311.6 million in 2013. Diluted earnings per share were $1.25 against $1.02 last year. Full year of 2014 and 2013 diluted earnings per share included charges equal to $0.02 and $0.04, respectively, per share resulting from restructuring and acquisition related expenses, losses on debt extinguishment and the change in fair value of contingent consideration liabilities. For the full year, total organic revenue growth was 7.1%, including parts and services revenue growth of 9.0%. Acquisition revenue growth for 2014 was 25.5%. Net cash provided by operating activities was $370.9 million against $428.1 million last year. Purchases of property and equipment were $141 million against $90.2 million last year. EBITDA was $775.5 million against $615.9 million last year. Adjusted net income was $389.5 million or $1.27 per diluted share against $322.5 million or $1.06 per diluted share last year. For 2015, the company expects organic revenue growth for parts & services in the range of 6.5% to 9.0%, net income in the range of $420 million to $450 million, diluted EPS in the range of $1.36 to $1.46, cash flow from operations of approximately $450 million and capital expenditures in the range of $150 million to $180 million. The company estimates that headwinds will negatively impact 2015 EPS approximately four cents per share due to weaker foreign currencies and an additional six cents per share related to lower commodity prices compared to 2014.

LKQ Corp. Seeks Acquisitions

Rob Wagman Chief Executive Officer and President of LKQ Corp. (NasdaqGS:LKQ) said in the fourth quarter earnings call, "With targeted acquisitions in the pipeline and an innovative partner strategy, Sator's national footprint will be completed in 2015. As we enter 2015, I am confident of their ability to identify additional acquisition candidates across our operating segments."

 

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Industry Analysis

LKQ

Industry Average

Valuation LKQ Industry Range
Price/Earnings 19.9x
Price/Sales 1.1x
Price/Book 2.8x
Price/Cash Flow 15.0x
TEV/Sales 0.8x
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