Last $26.57 USD
Change Today -0.46 / -1.70%
Volume 2.0M
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As of 8:10 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

500 West Madison Street

Suite 2800

Chicago, IL 60661

United States

Phone: 312-621-1950

Fax: 312-621-1969

LKQ Corporation provides replacement parts, components, and systems needed to repair cars and trucks. The company distributes various products to collision and mechanical repair shops, including aftermarket collision and mechanical products; recycled collision and mechanical products; refurbished collision products, such as wheels, bumper covers, and lights; and remanufactured engines. The majority of the company’s products and services are sold to collision repair shops, also known as body shops, and mechanical repair shops. Segments NORTH AMERICA This segment offers wholesale automotive products; wholesale aftermarket products; wholesale recycled products; refurbished and remanufactured products; heavy-duty truck products; and scrap and other materials. This segment also provides self service retail products. Wholesale Automotive Products The company’s wholesale automobile product operations in North America are organized by geographic regions serving the U.S. and Canada that sell all four product types (aftermarket, recycled, refurbished, and remanufactured parts) to collision and mechanical automobile repair businesses. Its aftermarket product operations might include a combination of sales, warehousing and distribution, and in various cases would be co-located with its refurbishing operations. The company’s salvage operations have processing, sales, distribution, and administrative operations on site, indoor and outdoor storage areas, and include a large warehouse with multiple bays to dismantle vehicles. Its engine remanufacturing operations are conducted primarily at its facility in Mexico, with sales, warehousing and distribution operations in the U.S. As of December 31, 2013, this segment’s wholesale operations conducted business from 325 facilities. Wholesale Aftermarket Products The company’s 2013 sales included approximately 96,000 SKUs of aftermarket automotive products, excluding refurbished products, for the common models of domestic and foreign automobiles and light trucks, primarily for the repair of vehicles 3 to 12 years old. The company’s principal aftermarket product types consist of those damaged in collisions, including bumper covers, automotive body panels, and lights. Platinum Plus is the company’s product line offered in the Keystone brand of aftermarket products. The company also developed a product line called ‘Value Line’ for self-pay consumers. Its Value Line products offer products at reasonable prices, providing additional choices for repairs or rebuilding of vehicles. The company distributes paint and other materials used in repairing damaged vehicles, including sandpaper, abrasives, masking products, and plastic filler. The paint and other materials distributed by the company are purchased from various suppliers in the U.S. and Canada. Wholesale Recycled Products The company’s recycled products include engines, transmissions, door assemblies, and sheet metal products, such as trunk lids, fenders and hoods, lights and bumper assemblies. Refurbished and Remanufactured Products As of December 31, 2013, the company operated 23 plastic bumper and bumper cover refurbishing plants, a chrome bumper plating plant, 11 wheel refurbishing plants, a light refurbishing plant, and 4 engine remanufacturing facilities. The majority of the company’s refurbished and remanufactured products are processed from cores obtained from salvage vehicles purchased by its recycled operations and damaged cores collected by its route delivery drivers from vehicles under repair by its customers. Majority of its refurbished and remanufactured products are sold through its wholesale distribution channels. The balance is sold to retail automotive stores, wholesale distributors, and through Internet sales. Heavy-Duty Truck Products As of December 31, 2013, the company operated a total of 26 heavy-duty truck facilities in the U.S. and Canada. During 2013, the company purchased approximately 8,000 vehicles. The vehicles that are acquired for resale are special purpose or vocational use trucks, such as those used for garbage pickup or cement delivery. If requested by the seller

 

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Industry Analysis

LKQ

Industry Average

Valuation LKQ Industry Range
Price/Earnings 24.8x
Price/Sales 1.5x
Price/Book 3.3x
Price/Cash Flow 19.4x
TEV/Sales 1.1x
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