LKQ Corporation

LKQ Corporation Releases Its 2021 Sustainability Report And Unveils Its New Brand Identity

Retrieved on: 
Monday, May 23, 2022
Company, LKQ, Solution, Car, OEM, Â, Culture, Industry, LKQ Corporation, Recycler, Sustainability reporting, GLOBE, ESG

CHICAGO, May 23, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) today released its 2021 Sustainability Report and unveiled its new brand identity, reflecting the Companys transformation from a salvage dismantler and recycler to a leading global value-added and sustainable distributor of vehicle parts, accessories, and services.

Key Points: 
  • CHICAGO, May 23, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) today released its 2021 Sustainability Report and unveiled its new brand identity, reflecting the Companys transformation from a salvage dismantler and recycler to a leading global value-added and sustainable distributor of vehicle parts, accessories, and services.
  • LKQ Corporation is proud to announce the release of its 2021 Sustainability Report, highlighting key environmental, social, and governance (ESG) accomplishments.
  • Far more than just three simple letters, our enhanced brand identity signifies who we are and what makes our market leading positions unique.
  • LKQ Corporation ( www.lkqcorp.com ) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles.

50/50 Women on Boards™ Recognizes LKQ as a “3+” Company, with Three or More Women Directors

Retrieved on: 
Thursday, May 19, 2022
Monsoon, Education, Global Conversations, LKQ, African Women on Board, Woman, Car, Russell, Research, LKQ Corporation, OE, Person, Movement, Directory, CEO, GLOBE, Management

With three women directors representing 27% of its corporate board seats, LKQ demonstrates that when three or more women serve on a board, profitability, productivity, and workplace engagement increase.

Key Points: 
  • With three women directors representing 27% of its corporate board seats, LKQ demonstrates that when three or more women serve on a board, profitability, productivity, and workplace engagement increase.
  • Investors and enlightened leaders continue to make institutional decisions that reinforce the business advantages of diverse boards, said Betsy Berkhemer-Credaire, CEO of 50/50 Women on Boards.
  • We are pleased to recognize LKQ for prioritizing this business decision that benefits its shareholders, employees, customers, and communities.
  • 50/50 Women on Boards (50/50WOB), a nonprofit 501(c)3, is a leading education and advocacy campaign driving the movement toward gender balance and diversity on corporate boards.

LKQ Corporation Announces $500 Million Increase in Stock Repurchase Program; total authorized now $2.5 Billion through October 2024

Retrieved on: 
Thursday, May 12, 2022
Company, LKQ, Private Securities Litigation Reform Act, Financial condition report, Result, Car, OEM, LKQ Corporation, Time, Forward-looking statement, Compliance, Board, Program, Board of directors, Treasury, Act, SEC, Growth, Analysis, Annual report, GLOBE, Security (finance)

CHICAGO, May 12, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq:LKQ) today announced that its Board of Directors has authorized a $500 million increase to its existing stock repurchase program.

Key Points: 
  • CHICAGO, May 12, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq:LKQ) today announced that its Board of Directors has authorized a $500 million increase to its existing stock repurchase program.
  • Since initiating the stock repurchase plan in October 2018, the Company has repurchased 37.3 million shares through March 31, 2022 for total consideration of approximately $1.5 billion.
  • Under the repurchase program, the Company is authorized to repurchase shares in the open market as well as in privately negotiated transactions.
  • 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 Host 2022 Investor Day

Retrieved on: 
Monday, May 2, 2022
Company, Webcast, Investor relations, OE, LKQ, Car, Central, LKQ Corporation, GLOBE, Rail transport

CHICAGO, May 02, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) today announced that the Company will host an Investor Day at the headquarters of LKQ North America in Nashville, Tennessee on Wednesday June 1, 2022 at 10:00 a.m. Eastern time (9:00 a.m. Central time), with presentations by members of executive management.

Key Points: 
  • CHICAGO, May 02, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) today announced that the Company will host an Investor Day at the headquarters of LKQ North America in Nashville, Tennessee on Wednesday June 1, 2022 at 10:00 a.m. Eastern time (9:00 a.m. Central time), with presentations by members of executive management.
  • The presentations, including question and answer sessions, are expected to conclude at approximately 1:15 p.m. Eastern time (12:15 p.m. Central time).
  • The webcast and accompanying slide presentation can be accessed at www.lkqcorp.com in the Investor Relations section.
  • LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles.

LKQ Corporation Completes Sale of PGW Auto Glass Business to One Equity Partners

Retrieved on: 
Wednesday, April 20, 2022
OE, HCI Equity Partners, PGW, Car, Annual report, LKQ, Private Securities Litigation Reform Act, Analysis, EBITDA, GLOBE, Sale, Mission statement, LKQ Corporation, Glass, SEC, Forward-looking statement, BofA Securities, Result, Financial condition report, Security (finance)

CHICAGO, April 20, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) announced that it has completed its previously announced agreement to sell PGW Auto Glass (PGW), a distributor of aftermarket glass to the North American automotive sector, to One Equity Partners.

Key Points: 
  • CHICAGO, April 20, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) announced that it has completed its previously announced agreement to sell PGW Auto Glass (PGW), a distributor of aftermarket glass to the North American automotive sector, to One Equity Partners.
  • LKQ will report the financial information for the PGW glass distribution business through the April 18, 2022 closing date in the continuing operations section of its financial statements.
  • PGW generated almost $400 million of revenue and its EBITDA margin was approximately 10% in 2021.
  • LKQ Corporation ( www.lkqcorp.com ) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles.

LKQ Corporation Achieves S&P Investment Grade Rating of ‘BBB-’ with Stable Outlook

Retrieved on: 
Tuesday, April 19, 2022
OE, Car, Annual report, LKQ, Private Securities Litigation Reform Act, Analysis, GLOBE, Program, LKQ Corporation, Company, Operational excellence, SEC, S&P, Forward-looking statement, Act, Result, Financial condition report, Security (finance), Risk management

CHICAGO, April 19, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ), a leading provider of alternative and specialty parts to repair and accessorize automobiles, announced that S&P Global Ratings (S&P) raised the Companys issuer credit rating to an investment grade rating of BBB- from BB+.

Key Points: 
  • CHICAGO, April 19, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ), a leading provider of alternative and specialty parts to repair and accessorize automobiles, announced that S&P Global Ratings (S&P) raised the Companys issuer credit rating to an investment grade rating of BBB- from BB+.
  • S&Ps rating outlook for LKQ Corporation is stable.
  • Achieving investment grade status with S&P is further validation of our Operational Excellence program that we launched in 2019.
  • LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles.

PartsTrader Partners with LKQ North America to Provide Data for SurePart, PartsTrader’s New Instant Parts Pricing Platform

Retrieved on: 
Tuesday, April 12, 2022
Technology, Specialty, Other Automotive, Tires & Rubber, Recreational Vehicles, Performance & Special Interest, Off-Road Trucks & SUVs, Motorcycles, Retail, Fleet Management, Aftermarket, Automotive, Finance, Professional Services, Other Transport, Alternative Vehicles, Fuels, Transport, Other Technology, Supply Chain Management, General Automotive, Online Retail, Internet, Other Retail, Data Management, OE, Car, Insurance, LKQ, Learning, Efficiency, LKQ Corporation, Catalog, Policy, Marketing, Multimedia, Industry, Partnership

PartsTrader today announced a partnership with LKQ North America to provide access to LKQ North Americas broad range of alternative parts and services via SurePart, PartsTraders new parts pricing platform for carrier-written/IA estimates.

Key Points: 
  • PartsTrader today announced a partnership with LKQ North America to provide access to LKQ North Americas broad range of alternative parts and services via SurePart, PartsTraders new parts pricing platform for carrier-written/IA estimates.
  • View the full release here: https://www.businesswire.com/news/home/20220412005018/en/
    SurePart allows appraisers to write more accurate estimates by providing instant market pricing and leveraging industry-leading filtering to remove invalid parts.
  • LKQ has long had a focus on providing quality parts to the industry and they are a significant addition to SureParts supplier network.
  • As the worlds leading parts procurement marketplace, PartsTrader brings together repair shops, parts suppliers, and insurance carriers on one efficient, market-driven platform.

LKQ Corporation to Release First Quarter 2022 Results on Thursday, April 28, 2022

Retrieved on: 
Wednesday, April 6, 2022
GLOBE, Company, Central, OE, Car, LKQ Corporation, Investor relations, Webcast, LKQ

CHICAGO, April 06, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its first quarter 2022 financial results on Thursday, April 28, 2022.

Key Points: 
  • CHICAGO, April 06, 2022 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its first quarter 2022 financial results on Thursday, April 28, 2022.
  • LKQ will host a conference call and webcast on April 28, 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 $1237.49 Billion Automotive Repair and Maintenance Markets Analysis & Forecasts, 2016-2021, 2021-2026F, 2031F - ResearchAndMarkets.com

Retrieved on: 
Wednesday, March 23, 2022
Aftermarket, Automotive, Microsoft, Service, Organization, LKQ Corporation, Asia-Pacific, Diagnosis, Monro Muffler Brake, Motorcycle, Paint, ADNOC, Azure, Artificial intelligence, Technology, Lookers, Running, Maintenance, Car dealership, Inspection, Halfords

The automotive repair and maintenance market consists of sales of automotive repair and maintenance services by entities (organizations, sole traders and partnerships) that provide automotive repair and maintenance services for passenger automobiles, commercial vehicles and motorcycles and bicycles.

Key Points: 
  • The automotive repair and maintenance market consists of sales of automotive repair and maintenance services by entities (organizations, sole traders and partnerships) that provide automotive repair and maintenance services for passenger automobiles, commercial vehicles and motorcycles and bicycles.
  • The main types of automotive repair and maintenance are automotive mechanical and electrical repair and maintenance, automotive body, paint, interior, and glass repair, other automotive repair and maintenance.
  • The automotive mechanical and electrical repair and maintenance sector is made up of businesses that specialise in transmission repair, and electrical system repair, engine repair and maintenance and exhaust system replacement.
  • Automotive repair and maintenance service providers are increasingly installing diagnostic devices in customer vehicles to improve their service offerings.

One Equity Partners to Acquire LKQ Corporation’s PGW Auto Glass Business

Retrieved on: 
Monday, March 14, 2022
Professional Services, Aftermarket, Automotive, Manufacturing, Finance, Other Manufacturing, NASDAQ, OEP, Industry, Company, Health, Car, LKQ Corporation, PGW, JPMorgan Chase, Glass, Ridgemont Equity Partners, Growth, LKQ, CEO, Management

One Equity Partners (OEP), a middle market private equity firm, today announced that it has signed a definitive agreement to acquire PGW Auto Glass (PGW or the Company), a distributor of aftermarket glass products for the North American automotive sector, from a subsidiary of LKQ Corporation (NASDAQ: LKQ ).

Key Points: 
  • One Equity Partners (OEP), a middle market private equity firm, today announced that it has signed a definitive agreement to acquire PGW Auto Glass (PGW or the Company), a distributor of aftermarket glass products for the North American automotive sector, from a subsidiary of LKQ Corporation (NASDAQ: LKQ ).
  • PGW has a long and rich history of serving automotive glass installers across North America.
  • Were excited to partner with Todd and his team for the next chapter of the PGW story, said Steve Lunau, Managing Director at OEP.
  • PGW Auto Glass is the largest independent distributor of aftermarket glass for the North American automotive sector.