CHICAGO, July 22, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) ("LKQ" or the "Company") today announced the appointment of Andrew Clarke to the Company's Board of Directors (the "Board") as a new independent director, effective July 22, 2024. With the addition of Mr. Clarke, the LKQ Board will consist of ten members, eight of whom are independent. "I am honored to join the Board of LKQ, an impressive company with unique strengths including marketleading positions and a track record of operational ...

But, for LKQ, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside. Here's Why There Could be Plenty of Upside Left in LKQ However, a tight clustering of price targets, which is represented by a ...

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an incom ...

Company Overview - LKQ Corporation is the largest provider of alternative collision replacement parts globally, including recycled and aftermarket parts [2] - The company acquires damaged vehicles, refurbishes parts, and sells them to repair shops, often at 20-40% lower costs than OEM parts [2] - Approximately 50% of LKQ's revenue is generated in the US, with 23% from Europe, and the remainder from countries like Mexico, India, and Taiwan [3] Investment Thesis - There is a secular trend towards increased utilization of aftermarket parts, which grew from 23% to 38% over 20 years until 2020, although this trend was disrupted by the pandemic [3] - As inflation normalizes, the utilization of aftermarket parts is expected to rise again, supported by insurance companies' directives to use alternative parts [4] - In Europe, alternative part utilization is under 10%, indicating significant growth potential for LKQ as it partners with insurers [4] - LKQ benefits from scale in a fragmented market, utilizing sophisticated inventory management and logistics systems to enhance efficiency [4] - The company is shifting focus towards organic growth, with expectations of higher EBITDA margins and strong free cash flow conversion under new CEO Justin Jude [4] - LKQ is projected to achieve annualized EPS growth of over 10% in the next five years [4] Market Sentiment - LKQ's stock is perceived as undervalued, trading at a current EV/EBITDA of 8x compared to a historical range of 9-14x [5] - The stock trades at 11x P/E, below the historical range of 12-20x, suggesting potential for significant upside [5] - The company could reach a stock price of $50-60 within the next year and potentially double over the next 4-5 years [5]

LKQ will host a conference call and webcast on July 25, 2024 at 8:00 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 (833) 470-1428. International access to the call may be obtained by dialing (404) 975-4839. The investor conference call will require you to enter conference ID: 893094. A replay of the conference call will be available by telephone at (866) 813-9403 or (929) 458-6194 for interna ...

Conference Call Details Webcast and Presentation Details A replay of the conference call will be available by telephone at (866) 813-9403 or (929) 458-6194 for international calls. The telephone replay will require you to enter conference ID: 131497. An online replay of the audio webcast will be available on the Company's website. Both formats of replay will be available through August 9, 2024. Please allow approximately two hours after the live presentation before attempting to access the replay. LKQ Corpo ...

CHICAGO, June 21, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) today announced that a new collective bargaining agreement has been agreed with the trade union Verdi. The agreement covers approximately 5,000 employees of LKQ Europe in Germany, including 730 colleagues at LKQ's SulzbachRosenberg distribution center. The collective bargaining agreement has a two-year duration, which expires on April 30, 2026. The tariff agreement includes a mandatory peace obligation, which immediately ends all strik ...

CHICAGO, June 21, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) today announced that a new collective bargaining agreement has been agreed with the trade union Verdi. The agreement covers approximately 5,000 employees of LKQ Europe in Germany, including 730 colleagues at LKQ's SulzbachRosenberg distribution center. The collective bargaining agreement has a two-year duration, which expires on April 30, 2026. The tariff agreement includes a mandatory peace obligation, which immediately ends all strik ...

CHICAGO, May 28, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) a global leader in the circular economy, today announced the release of its 2023 Global Sustainability Report. The Report describes LKQ's role in driving sustainable success for our customers, our employees, the communities in which we operate and the global circular economy. Additionally, the report includes an enhanced and robust sustainability strategy, demonstrating our approach to managing sustainability risks across each of our op ...

Core Insights - LKQ Corporation has released its 2023 Global Sustainability Report, highlighting its commitment to sustainable practices and the circular economy [1][2] - The report outlines a three-pillar sustainability strategy focused on delivering sustainable outcomes, people-led performance, and strong governance [1] Sustainability Achievements - In 2023, LKQ processed 766,000 vehicles and recycled over 62,000 metric tons of scrap steel, 48,000 metric tons of aluminum, and 4,000 metric tons of copper [4] - The company reduced Scope 1 and Scope 2 greenhouse gas emissions globally by 11.8% compared to the 2021 baseline relative to revenue [4] - LKQ achieved an employee engagement score of 74 in its annual survey, with an 89% participation rate, moving closer to its 2025 goal of 76 [4] - The company reached 19.5% female representation in its global workforce and launched a Women's Network to support women's development, aiming for 20% representation by 2025 [4] - LKQ donated over $4 million through the LKQ Community Foundation to various charitable causes, including health services, education, environmental stewardship, and support for first responders [4]