The Latest Breaking News from LKQ

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….

Robust demand for upgraded vehicle capabilities presents a promising prospect for the auto parts industry. Thus, quality auto parts stocks O’Reilly Automotive (ORLY), Genuine Parts (GPC), and LKQ Corporation (LKQ) might be solid additions to one’s portfolio. Keep reading.

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…

If history is any guide, there may be trouble ahead for shares of LKQ (NASDAQ:LKQ). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Rising tensions between Ukraine and Russia and the Fed’s decision to raise interest rates several times this year are expected to keep the stock market volatile. So, it could be wise to scoop up shares of fundamentally sound large-cap solid stocks Centene (CNC), Genuine Parts (GPC), LKQ (LKQ), and Albertsons…

Despite current, multi-decade high inflation, consumer spending rose in January as omicron-variant worries receded. Motor vehicle and parts dealers witnessed a 5.7% rise in retail sales as demand for automobiles climbed thanks to the continuing economic recovery. So, we think it could be wise to bet on quality auto parts…