About the Company
LKQ Corporation is an American company that offers alternative and speciality parts to accessorize and repair automobiles. LKQ Corporation is headquartered in Chicago, Illinois, United States. Founded in 1998, the company traces its corporate roots to a combination of several wholesale recycled products businesses in Wisconsin, Ohio, Florida and Michigan. LKQ Corporation went public in 2003, and its shares began trading on the NASDAQ Stock Exchange under the ticker symbol of LKQ. LKQ shares are also included as a component of the S&P 500 stock market index.
The company operates through three business subsidiaries, namely LKQ North America, LKQ Europe and LKQ Speciality. LKQ North America offers a diverse range of replacement systems, equipment, parts, components and accessories for trucks, cars, and recreational and performance vehicles. LKQ Europe is a leading distributor of aftermarket parts for a variety of automobile, such as industrial vehicles, commercial vans and cars in Europe. The company’s subsidiary of LKQ Speciality distributes and markets speciality automotive accessories and equipment across the United States as well as Canada. It expanded its business operations and entered the United Kingdom in 2011 through the acquisition of Euro Car Parts, UK’s leading distributor of aftermarket hard parts at the time. In 2014, it bought-off Keystone Automotive Operations for $450 million. In 2016, LKQ acquired the holding company of Rhiag-Inter Auto Parts Italia for $1.1 billion and continued to expand in Europe. Its latest acquisition took place in 2020 when LKQ purchased Elite Electronics for an undisclosed amount.
As of 2021, the company operates internationally in 31 countries and 1,700 locations. It boasts a 51000 employee-base, driving near about 91 million miles per year. Some of its notable brands are LKQ Corporation Global, LKQ Heavy Truck, Auto Parts Outlet, Goodmark Industries, Atracco, Fource, Elit, Rhiag Switzerland, Auto Kelly and Auto Data Labels, among others. It ranked 257th on the list of Fortune 500 companies.
The company ranked 331st in America’s Largest Public Companies 2018 list and 174th in Growth Champions 2017 list. LKQ ranked 1175th on Forbes’ list of Global 2000 2020 companies.;