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LKQ Corporation (Nasdaq: LKQ), a Fortune 500 company, is North America’s largest provider of alternative collision auto parts, and a leading provider of recycled and remanufactured mechanical parts including engines and transmissions, all in connection with the repair of automobiles and other vehicles. LKQ is also a leading distributor and marketer of specialty aftermarket equipment and accessories in North America. LKQ is the largest distributor of mechanical and collision alternative parts in the United Kingdom, and the largest distributor of mechanical parts in the Netherlands. LKQ also has operations in Taiwan, Belgium and France. LKQ operates more than 570 facilities, offering its customers a broad range of replacement systems, components, equipment, and parts to repair and accessorize automobiles, trucks, recreational and performance vehicles. In 2014, LKQ surpassed $6.7 billion in revenue.
What LKQ Does
LKQ distributes a variety of 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. LKQ refers to these products as alternative parts because they are not new OEM products. LKQ is the nation’s largest provider of alternative vehicle collision replacement products and a leading provider of alternative vehicle mechanical replacement products, with sales, processing, and distribution facilities reaching most major markets in the United States. LKQ’s wholesale operations also reach most major markets in Canada.
LKQ is a leading provider of alternative vehicle replacement products in the United Kingdom, and in the second quarter of 2013, LKQ expanded its operations into continental Europe through the acquisition of Sator Beheer B.V. ("Sator"), a leading distributor of vehicle mechanical aftermarket products in the Benelux region. In addition to wholesale operations, LKQ operates self-service retail facilities across the U.S. that sells recycled automotive products. LKQ is organized into three operating segments: Wholesale – North America; Wholesale – Europe; and Self Service. The majority of its products and services are sold to collision repair shops, also known as body shops, and mechanical repair shops. LKQ also generates a portion of its revenue from scrap sales to metal recyclers.