LKQ
LKQ Corporation29.92
-0.60-1.97%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
MSO gains, EV tailwinds detailed
Q&A unpacked North America green shoots—insurance premiums down 6%, January used car prices up 2.5% YoY, insurers forecasting H2 claims rise—while quantifying MSO volumes up teens versus flat market for clear share gains. Europe saw private label units climb to 25% via aggressive intro pricing, with pricing power and recycled parts initiatives poised for uplift; margins still target near double-digits via costs. EVs surfaced as salvage tailwind from OEM deals and battery recycling interest. AI sharpens real-time pricing against OEM/aftermarket rivals. Answers largely reinforce prepared caution. Investors watch demand inflection.
Key Stats
Market Cap
7.70BP/E (TTM)
11.08Basic EPS (TTM)
2.70Dividend Yield
0.04%Recent Filings
10-K
FY2025 results
LKQ's FY2025 revenue dipped 1.2% to $13.7B amid organic declines, yet Q4 momentum steadied with North America and Europe offsetting softer volumes through pricing. Gross margins slipped to 38.6% on input costs and mix, while SG&A rose to 27.9% from wage pressures, driving Segment EBITDA down 10.6% to $1.5B; Specialty took a $52M goodwill hit. Free cash flow climbed to $847M on leaner inventory. Debt fell to $3.7B with $1.9B revolver room; Q4 repurchases tallied 1.3M shares at ~$30. Board eyes strategic alternatives including sale. OEM IP claims threaten aftermarket sales.
8-K
Q4 results, strategic review
LKQ reported Q4 2025 revenue up 2.7% to $3.3B but full-year down 1.3% to $13.7B amid sector headwinds; generated $1.1B operating cash flow, $847M free cash flow. Board launched strategic alternatives review January 26, 2026, to boost value—no outcome assured. New restructuring targets >$50M annual savings. 2026 guides adjusted EPS $2.90-$3.20.
8-K
LKQ starts strategic review
LKQ Corporation launched a comprehensive strategic review on January 26, 2026, to boost shareholder value, eyeing options like a full company sale. The board tapped BofA Securities and Wachtell Lipton as advisors. It's also advancing a separate sale process for its Specialty segment. No timetable set; outcome uncertain.
8-K
LKQ extends debt maturities
LKQ extended its revolving credit facility maturity to December 17, 2030, and CAD term loan to March 17, 2029, via amendments on December 17, 2025, while keeping term loan maturity at January 5, 2027. Other material terms unchanged. Prior November tweaks refined UK JV definition. Debt profile lengthens smoothly.
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