LKQ Corp.

LKQ Corp.

LKQ Corp.

Overview
Date Founded

1998

Headquarters

500 West Madison Street, Suite 2800, Chicago, IL, 60661, USA

Type of Company

Public

Employees (Worldwide)

44K

Industries

Wholesale: Industrial Products & Manufacturing
Industrial Machinery & Manufacturing
Waste Management & Recycling
Automobiles
Auto Parts & Tires

Company Description

LKQ Corp. is a distributor of vehicle products and its parts to repair, maintenance, and accessorize automobiles. It operates through the following segments: Wholesale-North America, Europe and Specialty. The Wholesale-North America segment includes Glass and Self Service segments. The company was founded by Donald F. Flynn in February 1998 and is headquartered in Chicago, IL.

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Executives & Employees

President & Chief Executive Officer

President, Chief Executive Officer & Director

Executive Vice President & Chief Financial Officer

Senior Vice President, General Counsel & Corporate Secretary

Executive Vice President & Chief Executive Officer-Lkq Europe

Senior Vice President & Chief Information Officer

President-Wholesale North America Operations

Vice President, Finance, Principal Accounting Officer & Controller

Senior Vice President, Development

Senior Vice President-Government & Regulatory Affairs

Board of Directors

President, Chief Executive Officer & Director at LKQ Corp.

Former Senior Lecturer, Business Administration at Harvard University - Harvard Business School

Faculty Director, JD/MBA Program at Harvard University - Harvard Law School

Partner at ValueAct Capital Management LP

Former Chief Operating Officer & Executive Vice President at Mazda Motor of America, Inc.

Co-Founder at Business Talent Group LLC

Former President-Automotive Aftermarket Division at Robert Bosch GmbH

Principal at Divitto Design Group

Former President & Chief Executive Officer at Leominster Credit Union

President & Director at Rexel Holdings USA Corp.

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Owners & Shareholders
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ValueAct Capital was initially formed in June 2000 to manage the capital of its three founders, along with the capital of a limited number of outside investors, in an investment strategy that combines intensive due diligence, a concentrated number of investments, and active, constructive involvement in the value creation at those investments. Today, with offices in San Francisco and Boston, ValueAct Capital manages more than $8.0 billion on behalf of some of the world's most respected institutional and individual investors. ValueAct Capital concentrates on acquiring significant ownership stakes in a limited number of companies that it believes are fundamentally undervalued. The investment team seeks to identify companies that are out of favor, or may be undergoing significant transition. Such companies may be temporarily mispriced for a variety of reasons, including perceived unfavorable industry conditions, poor business performance, changes in management or ownership, reorganizations, or other external factors. These conditions can often result in fundamentally "good" businesses that are available at depressed valuations. The goal in each investment is to work productively with management and/or the company's board to implement a strategy or strategies that maximize returns for all shareholders. ValueAct Capital is typically one of the largest independent shareholders at each of its core company investments and works in a constructive manner with management and/or the company's board to successfully implement strategies that generate superior returns on invested capital. The seven investment partners have extensive experience working effectively with portfolio companies as long-term large shareholders, and oftentimes as members of the companies' boards. At any given time, the portfolio consists of ten to eighteen core company investments, as well as a small "farm team" of additional investments in development.

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Boston Partners constructs well-diversified portfolios that consistently possess these three characteristics: they are simple rules that limit downside risk, preserve capital and maximize the power of compounding. The firm primarily provides advice using a value style approach for US Equity, Global & International Equity, Emerging Markets, Long/Short Equity, and ESG. Their investment process is grounded in bottom-up fundamental analysis. Additionally, a strict sell discipline is employed when an investment reaches market valuation, or if business fundamentals weaken or if the catalyst reverses.

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Atlanta Capital offers investment advisory services in a variety of equity, fixed income and mixed-asset strategies. In-depth bottom-up fundamental analysis is the primary basis for their investment decision making process. The firm seeks to achieve above-average long-term risk adjusted returns through emphasis on high quality equity or debt instruments judged by Atlanta Capital to have unrecognized value or investment potential. For equities, high quality is generally measured by a company’s demonstrated history of consistent growth and stability in earnings. For debt instruments, high quality typically relates to the probability of repayment (credit risk) and the predictability of when principal repayment will occur (stability of cash flow).

Recent Transactions
Details Hidden

LKQ Corp., Warn Industries, Inc. purchase Factor 55 LLC

Details Hidden

LKQ Corp. purchases Elite Electronics, Inc.

Details Hidden

LKQ Corp. purchases Stahlgruber GmbH from Stahlgruber Otto Gruber AG

Insider Transactions
Details Hidden
Transaction Advisors
Accountant

Advised onLKQ Corp. purchases Global Trade Alliance, Inc.

Legal Advisor

Advised onLKQ Corp. purchases Stahlgruber GmbH from Stahlgruber Otto Gruber AG

Investment Advisor

Advised onLKQ Corp. purchases Keystone Automotive Industries, Inc.

Legal Advisor

Advised onLKQ Corp. purchases Keystone Automotive Industries, Inc.

Legal Advisor

Advised onLKQ Corp. purchases Rhiag-Inter Auto Parts Italia Srl from Apax Partners Ltd.

Legal Advisor

Advised onLKQ Corp. purchases Rhiag-Inter Auto Parts Italia Srl from Apax Partners Ltd.

Advisors & Consultants
Advisor

President, Chief Executive Officer & Director at City Auto Parts of Durham, Inc.

Clients

P-Two Industries, Inc. is engaged in the manufacture, processing and trading of electronic connectors and terminals. It provides optical disk drive input/output connectors, flexible printed circuit and flexible flat cable connectors, communication series connectors, flexible flat cables and liquid crystal display panels and monitor connectors, among others. P-Two Industries was founded on January 11, 1986 and is headquartered in Taoyuan, Taiwan.

Key Stats and Financials As of 2020
Market Capitalization
$15.2B
Total Enterprise Value
$14.8B
Earnings Per Share
$2.09
Revenue
$11.6B
Enterprise Value / Sales
1.27x
TEVNet Income
23.13x
Debt TEV
0.29x
Net Profit
$638M
Total Debt
$4.29B
Total Equity
$5.7B
Enterprise Value EBITDAOperating
9.82x
EBITDAMargin
11.69%
EBITDA
$1.36B
Three Year Compounded Annual Growth Rate Of Revenue
6.1%
Non-Profit Donations & Grants
Political Donations
$500
2013
$250
2012
$250
2012
Suppliers
Horizon Global Corp. Automobiles | Troy, MI

Horizon Global Corp. engages in the design, manufacture and distribution of custom-engineered towing, trailering, cargo management and other related accessory products. It operates through the following segments: Horizon Americas and Horizon Europe-Africa. The Horizon Americas segment sells towing and trailering-related products through retail, aftermarket, original equipment manufacturers, e-commerce, and industrial channels in North and South America. The Horizon Europe Africa segment includes operations primarily in Germany, France, the United Kingdom, Romania and South Africa. The company was founded by Brian P. Campbell on June 30, 2015 and is headquartered in Plymouth, MI.

Royal Dutch Shell Plc Oil & Gas | The Hague, Netherlands

Royal Dutch Shell Plc engages in the oil and natural gas production. It operates through the following segments: Integrated Gas, Upstream, Oil Products, Chemicals and Corporate. The Integrated Gas segment manages liquefied natural gas activities and the conversion of natural gas into gas to liquids fuels and other products. The Upstream segment manages the exploration for and extraction of crude oil, natural gas, and natural gas liquids. The Oil Products segment manages the Refining and Trading, and Marketing classes of business. The Chemicals segment operates manufacturing plants and its own marketing network. The Corporate segment comprises holdings and treasury, self-insurance activities, and headquarters and central functions of the company. The company was founded in February 1907 and is headquartered in The Hague, Netherlands.

Ocap SpA Trucks, Construction & Farm Machinery | Valperga, Italy

OCAP SpA engages in manufacturing and supplying steering and suspension parts. The company was founded in 1975 and is headquartered Valperga, Italy.

Competitors
Fastenal Co. Wholesale: Consumer Durables - Winona, MN

Fastenal Co. engages in the provision of fasteners, tools, and supplies which can help in the manufacture of products, build structures, protect personnel, and maintain facilities and equipment. It products include cutting tools & metalworking, fasteners, material handling, storage & packaging power, transmission & motors, tools & equipment, electricals, abrasives, hydraulics & pneumatics, plumbing, lifting & rigging, raw materials, fleet & automotive, welding, office products & furniture, janitorial and lighting. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.

Copart, Inc. Automobiles - Dallas, TX

Copart, Inc. engages in the provision of online auctions and vehicle remarketing services. It provides vehicle sellers with a full range of services to process and sell vehicles primarily over the internet through Virtual Bidding Third Generation Internet auction-style sales technology. The company sells the vehicles principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers, and exporters and at certain locations, as well as to general public. Its services include online seller access, salvage estimation services, estimating services, end-of-life vehicle processing, virtual insured exchange, transportation services, vehicle inspection stations, on-demand reporting, DMV processing, and vehicle processing programs. It operates through the United States and International segments. The company was founded by Willis J. Johnson in 1982 and is headquartered in Dallas, TX.

O'Reilly Automotive, Inc. Automobiles - Springfield, MO

O'Reilly Automotive, Inc. owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. The company provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories. Its stores offer auto body paint and related materials, automotive tools and professional service provider service equipment. The company stores also offer enhanced services and programs comprising used oil, oil filter and battery recycling; battery, wiper, and bulb replacement; battery diagnostic testing; electrical and module testing; check engine light code extraction; loaner tool program; drum and rotor resurfacing; custom hydraulic hoses; professional paint shop mixing and related materials; and machine shops. Its stores provide do-it-yourself and professional service provider customers a selection of brand name, house brands, and private label products for domestic and imported automobiles, vans, and trucks. O'Reilly Automotive was founded by Charles F. O'Reilly and Charles H. O'Reilly, Sr. in November 1957 and is headquartered in Springfield, MO.

Awards & Honors
Rank #369
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #369
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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