Seizert Capital Partners Buys Another $15 Million of Auto Parts Juggernaut LKQ

Company Overview - LKQ supplies automotive replacement parts to repair shops, dealerships, and retail customers across North America and Europe, leveraging a diversified product portfolio and multi-channel distribution network [5][8] - The company focuses on aftermarket and recycled parts, addressing the ongoing demand for cost-effective vehicle repair solutions [5] Financial Performance - As of February 2, 2026, LKQ reported a revenue of $13.96 billion and a net income of $697 million [4] - The company's dividend yield stands at 3.63%, with shares trading at $32.52, reflecting an 11.1% decline over the past year and underperforming the S&P 500 by 25 percentage points [3][4] Investment Activity - Seizert Capital Partners increased its position in LKQ by 503,998 shares during the fourth quarter, with an estimated transaction value of $15.20 million, raising the total stake value to $65.80 million [1][2] - LKQ now constitutes 2.78% of Seizert Capital Partners' 13F reportable AUM [2] Market Position and Valuation - LKQ has been accumulating shares for seven consecutive quarters, with the stock price declining from $50 to $33 during this period [9] - The company is considered a value opportunity, trading at 1.3 times book value and 12 times free cash flow, which is seen as a reasonable price for a dominant player in the automotive replacement parts industry [9] Shareholder Returns - LKQ has been actively buying back shares, reducing its share count by 3.6% annually over the last five years [10] - The company has transitioned from a growth stock to a more stable entity focused on capital returns, supported by a growing dividend [10]