LKQ Corporation

LKQ Corporation Announces 2nd Annual ‘LKQ Cares Holiday Vote” Charitable Program

Retrieved on: 
Tuesday, November 29, 2022

I am proud to kick off our second annual LKQ Cares Holiday Vote program that engages all of our stakeholders globally and gives them a voice in determining how LKQ charitable donations are allocated, said Dominick Zarcone, President and Chief Executive Officer.

Key Points: 
  • I am proud to kick off our second annual LKQ Cares Holiday Vote program that engages all of our stakeholders globally and gives them a voice in determining how LKQ charitable donations are allocated, said Dominick Zarcone, President and Chief Executive Officer.
  • At LKQ, we are proud to support national and international charitable organizations who help our communities throughout the world as part of our broader community engagement efforts.
  • As part of this program, each of the ten organizations will receive an initial $50,000 donation, with the allocation of the remaining $500,000 in funds to be determined based on votes from LKQ employees, customers, investors, and other stakeholders.
  • To participate in the LKQ Cares Holiday Vote program and submit your vote, please visit: https://forms.office.com/r/ncNXEhAig1
    LKQ Corporation ( www.lkqcorp.com ) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles.

o9 Solutions and Supply Chain Insights With LKQ Europe Reveal Significant Supply Chain Planning Improvements Following the First-Ever Pilot to Test Outside-In Planning

Retrieved on: 
Monday, November 21, 2022

o9 Solutions , a leading enterprise AI software platform provider for transforming planning and decision-making, and analyst firm Supply Chain Insights today announced that LKQ Europe captured significant supply chain planning insights as a result of the companys participation in a pilot program designed to test outside-in planning concepts through Project Zebra .

Key Points: 
  • o9 Solutions , a leading enterprise AI software platform provider for transforming planning and decision-making, and analyst firm Supply Chain Insights today announced that LKQ Europe captured significant supply chain planning insights as a result of the companys participation in a pilot program designed to test outside-in planning concepts through Project Zebra .
  • Co-founded by o9 and Supply Chain Insights, Project Zebra is an open-source industry effort to define and activate outside-in processes to prove the value of outside-in supply chain planning processes.
  • LKQ Europe also captured significant insights by measuring the impact of the bullwhip effect as part of the Project Zebra pilot program.
  • Congratulations to LKQ Europe for its work as a supply chain innovator, said Lora Cecere, Founder of Supply Chain Insights.

Trintech Celebrates the 10-Year Anniversary of Cadency(R) by Trintech

Retrieved on: 
Thursday, November 10, 2022

Since then, Trintech has been laser-focused on continuing to help the Superheroes of Finance and Accounting defeat manual work by standardizing, streamlining, and automating their financial close processes.

Key Points: 
  • Since then, Trintech has been laser-focused on continuing to help the Superheroes of Finance and Accounting defeat manual work by standardizing, streamlining, and automating their financial close processes.
  • "The Office of the CFO has evolved considerably over the last ten years, with CFOs serving as key superheroes within their organizations.
  • "The last three years have asked even more from the Office of Finance, as the pandemic introduced new challenges and increased expectations to conquer.
  • To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

LKQ Corporation Announces 10% Increase to its Quarterly Dividend and $1 Billion Increase to its Stock Repurchase Program (aggregate authorization now $3.5 Billion through October 2025)

Retrieved on: 
Thursday, October 27, 2022

Since initiating its stock repurchase plan in October 2018, the Company has invested $2.2 billion to repurchase 52 million shares of its common stock through September 30, 2022.

Key Points: 
  • Since initiating its stock repurchase plan in October 2018, the Company has invested $2.2 billion to repurchase 52 million shares of its common stock through September 30, 2022.
  • Under the repurchase program, the Company is authorized to repurchase shares in the open market as well as in privately negotiated transactions.
  • The repurchase program will be effected in compliance with SEC Rule 10b-18 and other applicable legal requirements.
  • Stock purchased as part of this program will be held as treasury stock upon repurchase.

LKQ Corporation Improves Customer Engagement, Streamlines Digital Presence with SOCi as Localized Marketing Platform of Record

Retrieved on: 
Tuesday, October 25, 2022

SAN DIEGO, Oct. 25, 2022 /PRNewswire/ -- SOCi Inc. and LKQ Corporation 's North American organization announced today that the alternative auto parts provider has chosen SOCi as its localized marketing platform of record to manage the company's online listings and customer reviews.

Key Points: 
  • SAN DIEGO, Oct. 25, 2022 /PRNewswire/ -- SOCi Inc. and LKQ Corporation 's North American organization announced today that the alternative auto parts provider has chosen SOCi as its localized marketing platform of record to manage the company's online listings and customer reviews.
  • To learn more about how SOCi's all-in-one platform helps brands design industry-leading localized marketing strategies, visit www.meetsoci.com .
  • For more information on how SOCi can help fuel your localized marketing success, visit us at www.meetsoci.com or message us at [email protected] .
  • LKQ Corporation ( www.lkqcorp.com ) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles.

LKQ Corporation to Release Third Quarter 2022 Results on Thursday, October 27, 2022

Retrieved on: 
Tuesday, October 4, 2022

CHICAGO, Oct. 04, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its third quarter 2022 financial results on Thursday, October 27, 2022.

Key Points: 
  • CHICAGO, Oct. 04, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its third quarter 2022 financial results on Thursday, October 27, 2022.
  • LKQ will host a conference call and webcast on October 27, 2022 at8:00 a.m.Eastern Time (7:00 a.m.Central Time) with members of senior management to discuss the Company's results.
  • To access the investor conference call, please dial (888) 330-3494. International access to the call may be obtained by dialing(646) 960-0860.
  • LKQ Corporation ( www.lkqcorp.com ) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles.

Global Automotive Repair and Maintenance Market Report 2022: A $2,080 Billion Industry in 2031 - Opportunities and Strategies - ResearchAndMarkets.com

Retrieved on: 
Friday, September 23, 2022

The "Automotive Repair And Maintenance Global Market Opportunities And Strategies To 2031" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Automotive Repair And Maintenance Global Market Opportunities And Strategies To 2031" report has been added to ResearchAndMarkets.com's offering.
  • The automotive repair and maintenance market is segmented by type into automotive mechanical and electrical repair and maintenance, automotive body, paint, interior, and glass repair and other automotive repair and maintenance.
  • The automotive mechanical and electrical repair and maintenance market is segmented by type into general automotive repair, automotive exhaust system repair, automotive transmission repair, and other automotive mechanical and electrical repair and maintenance.
  • The other automotive repair and maintenance market is segmented by type into automotive oil change and lubrication shops, car washes, and all other automotive repair and maintenance.

New Expert Analysis Finds that Without Legislative Action, Vehicle Owners will Pay Significantly More for Repairs

Retrieved on: 
Tuesday, September 20, 2022

WASHINGTON, Sept. 20, 2022 /PRNewswire/ -- The CAR Coalition, a growing group of independent automotive parts, management and repair companies, associations, and insurers committed to preserving consumer choice and affordable vehicle repair, today released two official research papers focused on the impact of right to repair legislation in the auto industry. The two papers, which are focused on the REPAIR Act (H.R. 6570), authored by Aaron Perzanowski of University of Michigan Law School, and the SMART Act (H.R. 3664), authored by Joshua Sarnoff of DePaul University College of Law, argue that in the face of rising costs and restrictions to auto repairs, consumers will face even higher costs without legislative action.

Key Points: 
  • 6570 ), authored by Aaron Perzanowski of University of Michigan Law School, and the SMART Act ( H.R.
  • Key excerpts from Professor Aaron Perzanowski's paper focused on the REPAIR Act include:
    "Compared to independent repair shops, dealerships charge consumers 36% more for repairs."
  • "By denying consumers and their preferred independent repair providers access to this crucial information, carmakers and dealers can reduce competition and increase the cost of vehicle repairs."
  • "The REPAIR Act offers a sensible, forward looking, nationwide solution that protects the rights of vehicle owners and promotes a robustly competitive repair industry."

LKQ Corporation Announces New Leadership Appointments

Retrieved on: 
Monday, September 19, 2022

CHICAGO, Sept. 19, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ), a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, today announced the following leadership appointments, effective immediately:

Key Points: 
  • With his tremendous leadership and knowledge of the Company and our European markets, I am thrilled that Varun is taking this role.
  • This experience and his strategic vision will play a critical role in taking LKQ Europe to an even higher level of success.
  • On behalf of the Board and our broader leadership team, I want to thank Arnd for his dedication and commitment to LKQ.
  • LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles.

o9 Solutions and Supply Chain Insights Announce LKQ Corporation’s Selection by Project Zebra to Test Outside-In Supply Chain Planning Processes

Retrieved on: 
Wednesday, August 17, 2022

Project Zebra was co-founded by o9 Solutions and Supply Chain Insights.

Key Points: 
  • Project Zebra was co-founded by o9 Solutions and Supply Chain Insights.
  • LKQ Europe was awarded the opportunity to participate in Project Zebra research following a reverse RFP process that began in March 2022.
  • The Project Zebra pilot will test bi-directional orchestration at LKQ Europe to build an inventory buy plan.
  • O9, Supply Chain Insights and LKQ Europe will present findings from the Project Zebra pilot at a Supply Chain Insights executive retreat in September 2022.