Last $27.38 USD
Change Today +0.59 / 2.20%
Volume 4.4M
LKQ On Other Exchanges
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

lkq corp (LKQ) Snapshot

Open
$26.81
Previous Close
$26.79
Day High
$27.45
Day Low
$26.79
52 Week High
12/10/13 - $34.32
52 Week Low
04/22/13 - $20.28
Market Cap
8.3B
Average Volume 10 Days
2.4M
EPS TTM
$1.07
Shares Outstanding
301.8M
EX-Date
--
P/E TM
25.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for LKQ CORP (LKQ)

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lkq corp (LKQ) Details

LKQ Corporation, together with its subsidiaries, provides replacement parts, components, and systems needed to repair cars and trucks in the United States, the United Kingdom, the Netherlands, Belgium, Northern France, Canada, Mexico, and Central America. The company operates in three segments: Wholesale—North America, Wholesale—Europe, and Self Service. It distributes various products, including aftermarket collision and mechanical products; recycled collision and mechanical products; and refurbished collision replacement products, such as wheels, bumper covers and lights, and remanufactured engines. The company also offers recycled products comprising engines, transmissions, door assemblies, and bumper assemblies, as well as sheet metal products, such as trunk lids, fenders, and hoods. In addition, it sells scrap metal and other materials to recyclers; and extracts and sells the precious metals contained in certain of salvage parts, such as catalytic converters, as well as heavy duty truck products. Further, LKQ Corporation sells parts from older cars and light-duty trucks directly to consumers; and operates self service retail facilities that sell recycled automotive products under the name LKQ Pick Your Part. The company principally serves collision and mechanical repair shops, new and used car dealerships, and metal recyclers, as well as retail customers. LKQ Corporation was founded in 1998 and is headquartered in Chicago, Illinois.

23,800 Employees
Last Reported Date: 03/3/14
Founded in 1998

lkq corp (LKQ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $650.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Senior Vice President of Development, Associa...
Total Annual Compensation: $400.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $400.0K
Senior Vice President of Operations-Wholesale...
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

lkq corp (LKQ) Key Developments

LKQ Corporation Commences Senior Notes Exchange Offer

LKQ Corporation announced its offer to exchange new registered notes for its outstanding unregistered notes in accordance with the terms of its registration rights agreement with existing holders of those notes. Under the exchange offer, LKQ is offering to exchange up to $600,000,000 aggregate principal amount of its new 4.75% Senior Notes due 2023 for a like principal amount of its outstanding 4.75% Senior Notes due 2023. The Exchange Offer will expire at 5:00 p.m., New York City time, on April 25, 2014, unless extended. The settlement date for the Exchange Offer will occur promptly following the Expiration Date. The Exchange Offer is made only pursuant to LKQ's prospectus dated March 28, 2014, which has been filed with the Securities and Exchange Commission.

LKQ Corporation, LKQ Delaware, and Certain Other Subsidiaries Enters into a Third Amended and Restated Credit Agreement

On March 27, 2014, LKQ Corporation, LKQ Delaware LLP, and certain other subsidiaries entered into a third amended and restated credit agreement with the several lenders from time to time party thereto, Wells Fargo Bank, National Association, as administrative agent; Bank of America, N.A., as syndication agent; The Bank of Tokyo-Mitsubishi UFJ, LTD. and RBS Citizens, N.A., as co-documentation agents; and Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, BTMU, and RBS Citizens, N.A., as joint bookrunners and joint lead arrangers. The Third Amended and Restated Credit Agreement retains many of the terms of the company's second amended and restated credit agreement dated May 3, 2013 while also modifying certain terms to (1) extend the maturity date by one year to May 3, 2019; (2) increase the total availability under the credit agreement from $1.8 billion to $2.3 billion (composed of $1.69 billion in the revolving credit facility's multicurrency component, thus increasing the company's foreign currency availability by $485 million; $165 million in the revolving credit facility's U.S. dollar only component, thus increasing the company's availability on this tranche by $15 million; and $450 million of term loans); (3) reduce the applicable margin on outstanding borrowings under the credit agreement; (4) reduce the commitment fee percentage pay on average daily unused amounts under the revolving credit facility; (5) allow for additional unsecured foreign borrowings; (6) adjust certain limitations on ability to make restricted payments; and (7) make other immaterial or clarifying modifications and amendments to the terms of the Second Amended and Restated Credit Agreement. Amounts under the revolving credit facility are due and payable upon maturity of the Third Amended and Restated Credit Agreement on May 3, 2019. Amounts under the initial and additional term borrowings, which total $450 million as of the amendment date, will be due and payable in quarterly installments equal to 1.25% of the original principal amount beginning on June 30, 2014 with the remaining balance due and payable on the maturity date of the Third Amended and Restated Credit Agreement. The additional term loan borrowing of $11.3 million will be used to repay outstanding revolver borrowings and to pay fees related to the amendment and restatement.

LKQ Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the Year 2014

LKQ Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported revenue of $1,316,689,000 against $1,067,915,000 a year ago. Operating income was $133,819,000 against $104,344,000 a year ago. Income before provision for income taxes was $118,576,000 against $96,619,000 a year ago. Net income was $77,864,000 or $0.26 per basic and diluted share against $62,188,000 or $0.21 per basic and diluted share a year ago. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $157,709,000 against $123,738,000 a year ago. For the year, the company reported revenue of $5,062,528,000 against $4,122,930,000 a year ago. Operating income was $530,180,000 against $437,953,000 a year ago. Income before provision for income taxes was $475,827,000 against $409,167,000 a year ago. Net income was $311,623,000 or $1.02 per diluted share against $261,225,000 or $0.87 per diluted share a year ago. Net cash provided by operating activities was $428,056,000 against $206,190,000 a year ago. Purchases of property and equipment were $90,186,000 against $88,255,000 a year ago. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $615,910,000 against $510,547,000 a year ago. The company provided earnings guidance for the year 2014. For the period, the company expected net income to be in the range of $400 million to $430 million and diluted EPS to be in the range of $1.30 to $1.40 as previously expected. Cash flow from operations expects to be approximately $375 million. Capital expenditures expected to be in the range of $110 million to $140 million. The company expects that the tax rate will be in the 34.5% to 35% range. Gross margins are expected to be in the low 30% range and approximately 10% EBITDA margin.

 

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LKQ

Industry Average

Valuation LKQ Industry Range
Price/Earnings 26.7x
Price/Sales 1.6x
Price/Book 3.5x
Price/Cash Flow 21.0x
TEV/Sales 1.3x
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