LKQ Corp LKQ

Consumer DiscretionaryAutomobiles & Auto PartsUnited States of America

Last close 19.93 USD on Nov 2, 2026, −32.6% year to date

Quant rating

Quant rating D Rank 282 of 344 in Consumer Discretionary

Growth C 237 of 344
Valuation A 29 of 344
Quality C 188 of 344
Revisions D 299 of 344
Momentum D 324 of 344

Wall Street consensus Buy (2.00)Average target 26.65 USD +33.7%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 5.0B
Enterprise value: 8.5B
52-week range: 16.85 – 37.13
3-year range: 16.85 – 53.41
Dividend yield: 6.47%
Beta (5 years): 0.86
Shares outstanding: 252M
Next earnings: Feb 17, 2027

About the company

LKQ Corporation is a provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The Company offers its customers a range of original equipment manufacturer (OEM) recycled and aftermarket parts, replacement systems, components, equipment, and services. Its Wholesale - North America segment provides alternative vehicle collision replacement products, paint and body repair related products, and alternative vehicle mechanical replacement products, with its sales, processing, and distribution facilities reaching major markets in the United States and Canada. Its Europe segment provides alternative vehicle replacement and maintenance products in Germany, the United Kingdom, the Benelux region (Belgium, Netherlands, and Luxembourg), Italy, Czech Republic, Austria, Slovakia, France and other European countries. Its Specialty segment is a distributor of specialty vehicle aftermarket equipment and accessories across the United States and Canada.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	13,651	13,823	13,269	12,794	13,089	–
Revenue growth	−1.2%	4.2%	3.7%	−2.3%	12.6%	3.3%
EPS (basic, normalized)	3.01	3.48	3.83	3.85	3.96	–
EPS growth	−13.5%	−9.1%	−0.5%	−2.8%	–	–
Gross margin	38.6%	39.1%	40.4%	40.8%	40.7%	39.9%
Net margin	4.4%	4.8%	7.0%	8.9%	8.3%	6.7%
ROE	9.5%	10.9%	16.0%	20.4%	19.1%	15.2%

Balance sheet, last quarter
Cash & short-term investments (mil)	319
Current ratio	1.75x
Long-term debt (mil)	3,678
Net debt (mil)	3,421
Total equity (mil)	6,295
Net debt / equity	0.54x
Net debt / EBITDA	2.07x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	13,651	−1.2%	0.6x	1,651	−4.1%	5.1x	3.01	−13.5%	6.6x
2026	13,436	−1.6%	0.6x	1,305	−20.9%	6.5x	2.38	−20.8%	8.4x
2027	13,460	+0.2%	0.6x	1,345	+3.1%	6.3x	2.42	+1.4%	8.2x
2028	13,451	−0.1%	0.6x	1,420	+5.5%	6.0x	2.84	+17.5%	7.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	13,436	−1.2%	−1.2%	−3.3%	2.38	−11.2%	−11.2%	−19.7%
2027	13,460	−3.3%	−3.2%	−4.6%	2.42	−19.4%	−20.5%	−27.3%
2028	13,451	−2.8%	−2.8%	−5.9%	2.84	−14.5%	−14.5%	−19.4%

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	3,703	3,711	3,584	3,357	3,463	3,642	3,499	3,312	3,469	3,408
Sales mean (mil)	3,765	3,868	3,635	3,404	3,556	3,642	3,539	3,253	3,390	3,479
Surprise	−1.6%	−4.0%	−1.4%	−1.4%	−2.6%	0.0%	−1.1%	+1.8%	+2.3%	−2.0%
EPS reported	0.82	0.98	0.88	0.80	0.79	0.87	0.84	0.59	0.67	0.67
EPS mean	0.95	1.03	0.89	0.74	0.78	0.92	0.76	0.65	0.68	0.71
Surprise	−13.7%	−4.9%	−0.8%	+7.7%	+1.5%	−5.7%	+11.3%	−9.8%	−1.5%	−5.9%

Peer comparison Automobiles & Auto Parts

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
LKQ LKQ Corp	5.0B	2.07x	4.4%	0.80x	8.4x	8.2x	6.5x	6.3x
GPC Genuine Parts Co	17.2B	2.12x	0.3%	3.70x	16.4x	15.3x	10.3x	9.7x
BWA BorgWarner Inc.	10.4B	0.72x	1.9%	1.83x	9.8x	8.7x	5.6x	5.3x
APTV APTIV PLC	9.2B	1.42x	0.8%	1.05x	7.6x	6.8x	5.8x	5.5x
ALV Autoliv, Inc.	8.8B	1.15x	6.8%	3.59x	11.8x	10.6x	6.8x	6.4x
DORM Dorman Products, Inc.	4.1B	0.63x	9.6%	2.63x	16.1x	15.4x	10.4x	11.4x
Mean		1.35x	4.0%	2.27x	11.7x	10.8x	7.6x	7.4x
Median		1.29x	3.2%	2.23x	10.8x	9.6x	6.6x	6.3x

Technical analysis

1M−12.6%
3M−11.2%
1Y−35.6%
3Y−49.8%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, LKQ Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	13,651	13,823	13,269	12,794	13,089	11,629
Cost of revenue	8,386	8,424	7,912	7,571	7,766	7,036
Gross profit	5,265	5,399	5,357	5,223	5,322	4,593
Selling, general & administrative expenses	3,813	3,758	3,697	3,544	3,568	3,266
Research & development	–	–	–	–	–	–
Depreciation/amortization	365	346	267	237	260	272
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	94.0	150	69.0	−139	43.9	82.1
Other operating expenses	0	0	0	0	0	0
Operating income	993	1,145	1,324	1,581	1,451	973
Net interest income (expense)	−224	−238	−142	−78.0	−72.1	−104
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	31.0	19.0	41.0	15.0	20.4	16.0
Net income before taxes	800	926	1,223	1,518	1,399	885
Provision for taxes	204	265	304	385	331	249
Minority interest	−1.0	−3.0	−2.0	−1.0	−1.3	−1.9
Equity in affiliates	1.0	8.0	15.0	11.0	22.9	5.0
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	596	666	932	1,143	1,090	639
Extraordinary items	11.0	24.0	4.0	6.0	0.6	−0.2
Net income	607	690	936	1,149	1,091	638
EBIT, normalized	1,088	1,295	1,393	1,445	1,495	1,055
EBITDA, normalized	1,506	1,701	1,712	1,709	1,778	1,354
Basic EPS, normalized	3.01	3.48	3.83	3.85	3.96	–

Balance sheet in millions of USD, fiscal years

Balance sheet, LKQ Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	319	234	299	278	274	312
Receivables	1,204	1,122	1,165	998	1,073	1,073
Total inventory	3,426	3,220	3,121	2,752	2,611	2,415
Prepaid expenses	299	330	283	230	297	234
Other current assets	0	0	0	0	0	0
Total current assets	5,248	4,906	4,868	4,258	4,254	4,034
Property, plant & equipment	2,784	2,905	2,852	2,463	2,660	2,602
Goodwill	5,414	5,448	5,600	4,319	4,540	4,592
Intangibles	1,072	1,150	1,313	653	746	814
Long-term investments	170	169	159	141	181	155
Note receivable	–	–	–	–	–	–
Other long-term assets	449	377	287	204	225	164
Total assets	15,137	14,955	15,079	12,038	12,606	12,361
Liabilities
Accounts payable	2,108	1,801	1,648	1,339	1,176	932
Payable/accrued	–	–	–	–	–	–
Accrued expenses	787	803	793	700	735	765
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	32.0	38.0	596	34.0	34.8	58.5
Other current liabilities	210	220	281	198	219	232
Total current liabilities	3,137	2,862	3,318	2,271	2,165	1,988
Long-term debt	3,631	4,127	3,655	2,622	2,777	2,813
Minority interest	24.0	15.0	14.0	38.0	38.9	39.7
Other liabilities	1,808	1,934	1,925	1,654	1,853	1,864
Total liabilities	8,600	8,938	8,912	6,585	6,834	6,705
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	3.0	3.0	3.0	3.0	3.2	3.2
Additional paid-in capital	1,581	1,556	1,538	1,506	1,474	1,445
Retained earnings (accumulated deficit)	7,958	7,662	7,290	6,656	5,794	4,776
Treasury stock	−2,948	−2,787	−2,424	−2,389	−1,346	−469
Other equity	−57.0	−417	−240	−323	−153	−99.0
Total equity	6,537	6,017	6,167	5,453	5,772	5,656
Total liabilities & shareholders' equity	15,137	14,955	15,079	12,038	12,606	12,361

Cash flow statement in millions of USD, fiscal years

Cash flow statement, LKQ Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	608	693	938	1,150	1,092	640
Depreciation, depletion & amortization	418	406	319	264	284	299
Deferred taxes	−75.0	−34.0	13.0	6.0	−27.1	−33.8
Non-cash items	118	113	9.0	−135	20.7	41.1
Changes in working capital	−6.0	−57.0	77.0	−35.0	−2.7	497
Cash from operations	1,063	1,121	1,356	1,250	1,367	1,444
Investing activities
Capital expenditures	−216	−311	−358	−222	−293	−173
Other investing cash flows	401	−95.0	−2,084	394	−125	6.8
Cash from investing	185	−406	−2,442	172	−419	−166
Financing activities
Financing cash flow items	−14.0	−51.0	−63.0	−22.0	−121	−30.7
Cash dividends paid	−310	−318	−302	−284	−72.9	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−867	−377	1,467	−1,088	−792	−1,482
Cash from financing	−1,191	−746	1,102	−1,394	−985	−1,513
Foreign exchange effects	36.0	−29.0	5.0	−24.0	−1.2	11.9
Net change in cash	93.0	−60.0	21.0	4.0	−38.0	−223
Free cash flow	847	810	998	1,028	1,074	1,271

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.