LKQ Corporation

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SKU: LKQ-1 Category:

Description

LKQ Corporation delivered mixed results for the previous quarter, with revenues above analyst expectations but below-par earnings. LKQ reported a 15% increase in revenue, with parts and services organic revenue up 3% on a reported basis. However, diluted earnings per share decreased by 18.9%. Specialty segment revenue declined, and the self-service segment faced challenges, primarily due to decreasing metals pricing. While Wholesale North America continued to perform well, incorporating the Uni-Select acquisition, several unusual transitory events impacted the short-term performance of European operations. Additionally, ongoing commodity pressure affected the self-service segment alongside weaker-than-anticipated demand for specialty products. On a positive note, strong organic revenue growth was achieved in North America and Europe, with excellent EBITDA margins in North America and robust free cash flow in both regions. However, during the quarter, LKQ faced challenges in Europe due to negotiations with Italian tax authorities and strikes at their German distribution center. These events reduced European organic growth and EBITDA margins. Despite these challenges, LKQ celebrated the successful completion of the Uni-Select acquisition and the sale of GSF Car Parts to Epiris.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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