LKQ Corp - Company Profile
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Business Description
LKQ Corp (LKQ) is a provider of replacement parts, systems and components, specialty products, and accessories for maintenance and repair of vehicles.
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Business Segments
Overview
Distributes aftermarket products, primarily composed of mechanical aftermarket parts for the repair of three to 15-year-old vehicles. Major products include brake pads; clutches; discs and sensors; electrical products such as spark plugs and batteries; filters; steering and suspension products; and oil and automotive fluids Brands offered by the segment include Platinum, LKQ, Fource, Atracco, Rhiag, Elit, Auto Kelly, Lang, Sim Impex, and Stahlburger. The segment also offers Mekonomen products, though the operations of Mekonomen are independent of the segment's European operations. In FY2023, the segment's capital expenditure stood at US$163 million, which grew 55% YoY.
Performance
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Overview
Comprises of retail businesses, the majority of which operate under the title LKQ Select Your Part and allow customers to come straight to the yard to pick salvage vehicle parts. In FY2023, the segment's capital expenditure stood at US$36 million, which grew more than 150% YoY.
Performance
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Overview
Major markets include the US and Canada. Serves seven product segments: RV, speed and performance, truck and off-road, wheels, tires, and performance handling, towing, marine, and miscellaneous accessories. Offers all brands owned by LKQ to customers in the US and Canada. In FY2023, the segment's capital expenditure stood at US$41 million, which grew more than 100% YoY.
Performance
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Overview
Comprises wholesale operations, which include aftermarket and salvage operations. Provides alternative vehicle mechanical replacement products and alternative vehicle collision replacement products. Operates sales, processing, and distribution facilities across the US and Canada Sells aftermarket, recycled products, refurbished and remanufactured parts, and new original equipment manufacturer (OEM) parts to the mechanical vehicle and professional collision repair businesses. Brands under the segment include LKQ, Platinum, Keystone, ATK High-Performance Engines, Goodmark, Auto Parts Outlet, Keystone, Pittsburgh Glass Works, Elitek, and Auto Data Labels. The segment also offers LKQ Pick Your Part which includes self-service retail operations. In FY2023, the segment's capital expenditure stood at US$118 million, which grew 41% YoY.
Performance
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Geographical Segments
Performance
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Target Markets
Canada, the Netherlands, Belgium, Czech Republic, Slovakia, Italy, Mexico, Austria, among others.
Performance
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Performance
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Performance
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