LKQ Corp

LKQ

Equity

ISIN US5018892084 / Valor 1693853

NASDAQ (2024-12-11)

USD 38.61-0.21%

LKQ Corp
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About company

LKQ Corporation is a global distributor of vehicle products, offering a wide range of replacement systems, components, equipment, and parts to repair and accessorize automobiles, trucks, and recreational vehicles. Founded in 1998, the company has expanded through numerous acquisitions to become a leading provider of alternative and specialty parts in North America, Europe, and Taiwan. LKQ is known for its industry-leading warranties, including a free 6 month/6,000 mile warranty on light-duty recycled mechanical parts and Optional Service Agreements for additional coverage on parts and labor costs. The company aims to be a responsible corporate citizen with a focus on environmental, social, and governance matters.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

LKQ Corp reported revenue of $3.7 billion for the second quarter of 2024, marking an 8% increase compared to the same period in 2023. This growth was driven by a combination of organic revenue changes, acquisitions, and foreign exchange impacts.

Net Income

For the second quarter of 2024, LKQ Corp's net income was $185 million, a decrease from $281 million in the same quarter of 2023. This decline reflects the challenging market conditions and lower repairable claims in North America.

Earnings Per Share

LKQ Corp's diluted earnings per share (EPS) for Q2 2024 was $0.70, down from $1.05 in Q2 2023. On an adjusted basis, the diluted EPS was $0.98, compared to $1.09 in the same period last year.

Cash Flow

In the second quarter of 2024, LKQ Corp generated $213 million in operating cash flow and $133 million in free cash flow. These figures highlight the company's ability to maintain strong cash generation despite market headwinds.

Stock Repurchase and Dividends

During Q2 2024, LKQ Corp repurchased $125 million worth of its shares and declared a quarterly dividend of $0.30 per share, payable in the third quarter of 2024. These actions underscore the company's commitment to returning value to shareholders.

Summarized from source with an LLMView Source

Key figures

-15.6%1Y

-33.4%3Y

7.94%5Y

Performance

30.2%1Y

29.2%3Y

38.9%5Y

Volatility