LKQ Corporation is a global distributor of vehicle products, including replacement parts, components, and systems used in the repair and maintenance of vehicles, and specialty aftermarket products and accessories. The company serves collision and mechanical repair shops, and operates self-service retail facilities. LKQ's primary revenue streams come from the sale of aftermarket, recycled, refurbished, and remanufactured vehicle products. The company has a significant presence in North America and Europe, with a growing presence in other international markets. LKQ competes with other aftermarket suppliers, OEMs, and recycling businesses.

• Employees: Approximately 49,000 (as of December 31, 2023)
• Geographic Footprint: Operations in over 25 countries
• Headquarters: Chicago, Illinois
• Founded: 1998
• Number of locations/facilities: Approximately 1,650
• Revenue: $13.87 billion (FY2023)
• Key Subsidiaries/Brands: Keystone Automotive Industries, Euro Car Parts, Fource, Rhiag-Inter Auto Parts Italia, Stahlgruber GmbH, Uni-Select Inc.

• CEO: Dominick Zarcone
• CFO: Rick Galloway
• Other Key Executives: Michael T. Brooks (Senior Vice President and Chief Information Officer), Michael S. Clark (Vice President - Finance and Controller), Genevieve L. Dombrowski (Senior Vice President - Human Resources), Andy Hamilton (Senior Vice President & President and Managing Director of LKQ Europe), Walter P. Hanley (Senior Vice President - Development), Justin L. Jude (Executive Vice President and Chief Operating Officer), Matthew J. McKay (Senior Vice President - General Counsel & Corporate Secretary), John R. Meyne (Senior Vice President & President of Wholesale - North America)

Dominick Zarcone has served as CEO since May 2017. Michael T. Brooks joined LKQ in February 2020. Michael S. Clark has been with LKQ since May 2008. Rick Galloway became CFO in September 2022. Andy Hamilton became President and Managing Director of LKQ Europe in January 2024. Justin L. Jude became Executive Vice President and Chief Operating Officer in January 2024. John R. Meyne became Senior Vice President of LKQ Corporation and President of Wholesale – North America in January 2024.

• Annual Revenue: $13.87 billion (FY2023)
• Net Income: $936 million (FY2023)
• Total Assets: $15.08 billion (as of December 31, 2023)
• Employees: Approximately 49,000 (as of December 31, 2023)
• Key Financial Highlights: Revenue increased by 8.4% year-over-year; Net income decreased by 18.5% year-over-year.

LKQ offers a wide range of vehicle products and services, including:

• Aftermarket Collision and Mechanical Products: Replacement parts for collision and mechanical repairs, including bumper covers, body panels, lights, brake pads, discs, sensors, clutches, and filters.
• Recycled Products: Parts obtained from salvage and total loss vehicles, including engines, transmissions, door assemblies, and sheet metal products.
• Refurbished Products: Collision products such as wheels, bumper covers, and lights that have been refurbished.
• Remanufactured Products: Engines and transmissions that have been remanufactured.
• Specialty Aftermarket Products: Equipment and accessories for RVs, trucks, off-road vehicles, towing, speed and performance, marine, and other specialty vehicles.
• Services: On-site mobile and remote diagnostics services, hybrid battery reconditioning and installation, and self-service retail facilities.

LKQ operates through four main segments:

• Wholesale - North America: Provides alternative vehicle collision and mechanical replacement products, paint, and related products.
• Europe: Provides alternative vehicle replacement and maintenance products in multiple European countries.
• Specialty: Distributes specialty vehicle aftermarket equipment and accessories in North America.
• Self Service: Operates self-service retail facilities selling recycled automotive products.

Revenue breakdown by segments is as follows: Wholesale - North America: $5.28 billion, Europe: $6.32 billion, Specialty: $1.67 billion, Self Service: $597 million (FY2023).

LKQ's strategy focuses on being a leading global value-added and sustainable distributor of vehicle parts and accessories. Key strategic priorities include:

• Growing diversified product and service offerings
• Expanding geographic footprint
• Adapting to evolving technology
• Rationalizing asset base
• Focusing on sustainability

The company aims to achieve profitable growth, enhance margins, and develop talent through operational excellence initiatives. They are also focused on leveraging technology to improve business processes and adapt to changes in the vehicle industry, including electric vehicles and autonomous driving.

LKQ operates primarily in the vehicle replacement parts and accessories industry. Key market trends include:

• Increasing vehicle complexity and technological advancements
• Growing demand for alternative parts
• Consolidation in the repair industry
• Evolving consumer preferences

LKQ competes with a variety of players, including OEMs, aftermarket suppliers, recycling businesses, and internet-based suppliers. The company's market position is supported by its extensive distribution network, broad product offerings, and strong customer relationships. The company's market share information was not explicitly stated in the 10-K.

• Market Risks: Economic conditions, changes in vehicle production and sales, competition from other providers, and OEM efforts to restrict aftermarket parts usage.
• Operational Risks: Supply chain disruptions, dependence on key suppliers, fluctuations in commodity prices, and potential for product liability claims.
• Financial Risks: Substantial indebtedness, interest rate fluctuations, and the ability to generate sufficient cash to service debt.
• Regulatory Risks: Environmental regulations, tariffs and import restrictions, and laws restricting the sale of alternative vehicle parts.
• Cybersecurity Risks: Potential for cyberattacks and data breaches that could disrupt operations and harm the company's reputation.