Sector: Consumer Discretionary|Industry: Auto Parts|Market Cap: $9.56B|Employees: 49K
LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries. In addition, the company distributes recreational vehicle appliances and air conditioners, towing hitches, truck bed covers, vehicle protection products, marine electronics, cargo management products, wheels, tires, and suspension products. It serves collision and mechanical repair shops, and new and used car dealerships, as well as retail customers. The company operates in the United States, Canada, the United Kingdom, Germany, Belgium, the Netherlands, Luxembourg, Italy, the Czech Republic, Austria, Poland, Slovakia, Taiwan, and other European countries. LKQ Corporation was incorporated in 1998 and is headquartered in Chicago, Illinois.
Total revenue for the three months ended June 30, 2025, decreased by $69 million (1.9%) to $3,642 million compared to the prior year. This was primarily due to a $122 million (3.4%) organic parts and services revenue decrease, reflecting lower volumes and increased competition across segments like Wholesale - North America and Europe.
Despite the revenue decline, net income attributable to LKQ stockholders increased by $7 million (3.8%) to $192 million for the three months ended June 30, 2025, compared to $185 million in the prior year. Diluted earnings per share also rose to $0.75 from $0.70, benefiting from lower restructuring expenses and a favorable tax rate.
Net cash provided by operating activities for the six months ended June 30, 2025, was $293 million, a substantial decrease from $466 million in the same period of 2024. This reduction was primarily driven by unfavorable changes in working capital, including a $226 million increase in receivables.