The Latest Breaking News from LKQ

A record-breaking fifth British Touring Car Championship title for Ash Sutton? Or indeed, for Colin Turkington? Or a second for Tom Ingram? Or how about a first for Jake Hill, Dan Cammish, or Josh Cook?

The auto parts industry is thriving, driven by increasing new vehicle sales, rapid EV adoption worldwide, and several technological advancements. Amid this backdrop, robust auto parts stocks LKQ Corporation (LKQ), Visteon (VC), and Commercial Vehicle Group (CVGI) could be ideal watchlist additions. Continue reading….

The stock market experienced a sharp rebound since July, fueled by renewed investor optimism on several positive factors, including a slight decline in inflation. However, with inflation still hovering around 40-year highs and the possibility of the Fed maintaining its hawkish stance, the market is expected to remain under pressure.…

While continuing supply chain disruptions and a semiconductor chip shortage are marring the auto parts industry’s growth, growing demand for EVs should help the industry recover in the coming quarters. Given this backdrop, we think it could be wise to bet on quality auto parts stocks Genuine Parts (GPC), Advance…

US crude oil futures traded higher this morning on Friday. Investors, meanwhile, focused on some notable insider trades.

LKQ Corp (NASDAQ:LKQ) Board of Directors has approved a $500 million increase to its existing stock buyback program. The move raises the aggregate program authorization to $2.5 billion through October 25, 2024. Since initiating the stock repurchase plan in October 2018, LKQ has repurchased 37.3 million shares through March 31, 2022, for $1.5…

LKQ Corp (NASDAQ:LKQ) reported first-quarter FY22 sales growth of 5.6% year-on-year to $3.35 billion, marginally above the consensus of $3.30 billion. Revenue in North America rose 14.2% Y/Y, and Europe increased 1.8%. Gross margin for the quarter compressed 30 basis points Y/Y to 40.5%. Operating margin contracted 60 basis points to 11.1%, and…

  LKQ (NASDAQ:LKQ) reported its Q1 earnings results on Thursday, April 28, 2022 at 06:00 AM. Here's what investors need to know about the announcement. Earnings LKQ beat estimated earnings by 8.7%, reporting an EPS of $1.0 versus an estimate of $0.92.

The demand for auto parts remains strong, as evidenced by surging e-commerce aftermarket sales. Despite deepening supply chain disruptions, strong demand and technological advancements in manufacturing processes should benefit the industry in the coming months. Therefore, we think it could be wise to scoop up quality auto parts stocks LKQ…