LKQ CORP (LKQ)

LKQ Corporation is a global distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty aftermarket products and accessories that improve vehicle performance, functionality and appearance. The company focuses on alternative parts, meaning aftermarket, salvaged and reconditioned products that compete with new parts from original equipment manufacturers. Its strategy centers on profitable growth, a lean operating model and disciplined capital allocation. It sold its Self Service segment on September 30, 2025, has begun exploring a sale of its Specialty segment, and on January 26, 2026 announced a review of strategic alternatives, including a potential sale of the company.

LKQ has three reportable segments. North America sells aftermarket, salvage and reconditioned collision parts, hard parts and major mechanical parts in the U.S. and Canada through businesses such as Keystone and Bumper to Bumper. It also offers vehicle services such as mobile diagnostics and hybrid battery reconditioning, and remanufactures engines and transmissions in Mexico. Europe operates in about 20 countries, primarily selling aftermarket hard parts such as brake components, clutches, electrical parts, steering and suspension parts, filters and fluids through LKQ Euro Car Parts, LKQ Rhiag Group and LKQ Stahlgruber. It carries more than 900,000 SKUs and private label brands including Optimal, ERA and MPM Oils. Specialty distributes aftermarket parts and accessories in categories such as RV, truck and off-road, towing, speed and performance, wheels and tires, and marine, under brands including TrailFX, Fabtech, Fab Fours and Warn.

Customers in North America and Europe are mainly collision and mechanical repair shops and car dealerships, plus wholesale distributors and some retail buyers. Insurance companies influence demand for collision parts because they bear repair costs. Specialty customers are principally small independent businesses, along with several large online retailers. Orders are placed through e-commerce platforms such as OrderKeystone.com, ekeystone.com, viantp.com and SeaWideB2B.com.

Aftermarket products in North America come from independent manufacturers mainly in North America and Asia, with a significant concentration in Taiwan. In Europe, 93% of products were sourced from European companies. Specialty sources from suppliers mainly in the U.S., Canada and China. Salvage products come from dismantling total loss vehicles bought at auctions or from insurers, and the company sells scrap metal and recovered materials. Distribution relies on warehouses, cross-docks, regional hubs, branches and company truck fleets, with large European distribution centers in Tamworth, Sulzbach-Rosenberg and Berkel en Rodenrijs. Competitors include other aftermarket suppliers, recyclers, remanufacturers, OEMs and their dealer networks, internet-based suppliers and specialty distributors. LKQ had about 44,000 employees at December 31, 2025.