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LKQ Corporation is a global distributor specializing in vehicle products, including replacement parts, components, and systems for vehicle repair and maintenance, as well as specialty aftermarket products and accessories that enhance vehicle performance, functionality, and appearance . The company operates through four main segments: Wholesale - North America, Europe, Specialty, and Self Service . LKQ Corporation sells vehicle products such as replacement parts and specialty products, and offers services including warranties, self-service yard fees, and diagnostic and repair services .
- Europe - Offers alternative vehicle replacement and maintenance products across various European countries.
- Wholesale - North America - Provides alternative vehicle collision replacement products, paint, and related products, and alternative vehicle mechanical replacement products in the United States and Canada.
- Specialty - Distributes specialty vehicle aftermarket equipment and accessories in the U.S. and Canada.
- Self Service - Operates retail facilities across the U.S. that sell recycled automotive products from end-of-life vehicles.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Justin L. Jude ExecutiveBoard | President and CEO | Board Member of MEKO AB | Justin L. Jude has been with LKQ since February 2004, becoming President and CEO in July 2024. He has extensive experience in the automotive industry and strategic leadership. | |
Andy Hamilton Executive | Senior Vice President and President and Managing Director of LKQ Europe | None | Andy Hamilton joined LKQ in 2011 and has held various leadership roles, currently overseeing LKQ Europe since January 2024. | |
Dominick Zarcone Executive | President and CEO | Board Member at Generac Power Systems, Inc. | Dominick Zarcone has been with LKQ since March 2015, serving as President and CEO since May 2017. He has led significant growth and strategic initiatives, including acquisitions and sustainability efforts. | |
Genevieve L. Dombrowski Executive | Senior Vice President of Human Resources | None | Genevieve L. Dombrowski has been with LKQ since March 2021, bringing extensive HR leadership experience from Republic Services and Aramark. | |
Matthew J. McKay Executive | Senior Vice President, General Counsel, and Corporate Secretary | None | Matthew J. McKay has been with LKQ since December 2007, serving in various legal and HR roles before his current position. | |
Michael S. Clark Executive | Senior Vice President, Policy and Administration | None | Michael S. Clark joined LKQ in May 2008 and transitioned to his current role in May 2024. He previously served as Vice President - Finance and Controller. | |
Rick Galloway Executive | Senior Vice President and CFO | None | Rick Galloway joined LKQ in July 2019 and became CFO in September 2022. He has played a key role in financial performance and strategic acquisitions. | |
Walter P. Hanley Executive | Senior Vice President - Development | None | Walter P. Hanley has been with LKQ since December 2002, focusing on development and strategic growth initiatives [N/A]. | |
Andrew Clarke Board | Board Member | Board Member at Element Fleet Management | Andrew Clarke joined LKQ's Board in July 2024, bringing over 20 years of experience in transportation and logistics. | |
Guhan Subramanian Board | Chairman of the Board of Directors | Harvard University (Professor) | Guhan Subramanian has been Chairman since May 2022, bringing expertise in corporate law and governance from his academic roles at Harvard. | |
James S. Metcalf Board | Board Member | Board Member at Ferguson Enterprises Inc. and Gibraltar Industries, Inc. | James S. Metcalf joined LKQ's Board in December 2024, with extensive leadership experience as a public company CEO and board member. | |
John W. Mendel Board | Board Member | Board Member at TrueCar, Inc. | John W. Mendel has been a director since approximately 2019, providing insights from his extensive automotive industry experience. | |
Meg Ann Divitto Board | Board Member | Principal of Divitto Design Group, Co-Founder of The Mobility Collaboration Corp. | Meg Ann Divitto has been a director since approximately 2018, contributing expertise in automotive technology and governance. | |
Michael Powell Board | Board Member | None | Michael Powell joined LKQ's Board in February 2025, bringing experience from his career at Progressive Corporation. | |
Patrick Berard Board | Board Member | Board Member at thyssenkrupp AG | Patrick Berard joined LKQ's Board, leveraging his experience in distribution and corporate governance. | |
Sue Gove Board | Board Member | Board Member at IAA, Inc. and AutoZone Inc. | Sue Gove joined LKQ's Board in February 2025, with a background in retail consulting and leadership roles at Bed Bath & Beyond and other companies. | |
Xavier Urbain Board | Board Member | Chairman of the Board of Caldic B.V. | Xavier Urbain joined LKQ's Board in 2020, offering expertise in supply chain management and logistics. |
- Given the continued softness in organic revenue in North America and Specialty, and with top-line headwinds expected to linger into 2025 , can you elaborate on the specific strategies you have in place to mitigate these declines and how confident are you that these initiatives will offset the revenue pressures?
- You mentioned that the SKU rationalization in Europe is only 50% complete and won't be finished until early 2025, with benefits starting to show in the back half of 2025 ; considering the current economic slowdown in the U.K. and Germany , what measures are you taking to expedite this process to improve profitability sooner?
- With the recent sale of your Poland and Bosnia operations and indications of other potential divestitures , are there additional underperforming businesses in your portfolio, and how do these divestitures align with your long-term strategic vision for Europe?
- The hurricanes Helene and Milton forced significant closures of your locations in the Southeast and Florida, impacting revenue ; how have these disruptions affected your Q3 results, and what is your outlook for recovery in these regions amidst potential future climate-related challenges?
- In Europe, you cited increased competition and economic slowdowns in key markets like the U.K., Germany, and Benelux ; how are you positioning LKQ to navigate these headwinds, and what are your expectations for market share and profitability in these regions going forward?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Wholesale - North America (6 businesses) | 2024 | The six acquisitions completed during the nine months ended September 30, 2024 were not material to the company's financial position or results of operations, and no further deal-specific details were disclosed. |
Europe segment (2 businesses) | 2024 | Completed during the three months ended March 31, 2024, these two acquisitions were considered immaterial to LKQ’s financial metrics, with no details provided on deal value, structure, or key assets. |
Wholesale - North America (5 businesses) | 2024 | These five acquisitions, recorded as part of the Wholesale - North America segment as of June 30 and September 30, 2024, were not material to the financial results and included no specific disclosed terms or strategic assets. |
Europe segment (1 business) | 2024 | The one business acquisition in the Europe segment was completed as part of the periods ended March 31, June 30, and September 30, 2024, noted as not material to financial position or operations, without additional details provided. |
Wholesale - North America (1 business) | 2024 | Completed during the three months ended March 31, 2024, this acquisition in the Wholesale - North America segment was not material to LKQ’s financial performance and offered limited information on the transaction’s structure or strategic rationale. |
Uni-Select Inc. | 2023 | LKQ acquired Uni-Select Inc. for C$48.00 per share (totaling approximately C$2.8 billion) on August 1, 2023, to enhance its North American paint distribution and Canadian mechanical parts operations, with financing arranged through a CAD 700 million term loan and a required divestiture of GSF Car Parts. |
Wholesale - North America (1 business) | 2023 | As part of broader acquisitions during the nine months ended September 30, 2023, this single business acquisition contributed to increased inventory purchases and was included in an overall acquisition fair value of $135 million, though specific details remain limited. |
Europe segment (4 businesses) | 2023 | These four acquisitions, forming part of a group of six acquired during the nine months ended September 30, 2023, had a combined acquisition fair value of $135 million and contributed $42 million in revenue, but individual strategic or asset-related details were not provided. |
Specialty segment (1 business) | 2023 | The Specialty segment acquisition contributed $35 million in revenue and resulted in $61 million of recorded goodwill, with the transaction driving a 7.2% revenue increase over the three months ended September 30, 2023, though detailed terms and structure were not separately disclosed. |
SeaWide Marine Distribution | 2021 | Acquired in October 2021, SeaWide Marine Distribution—a nationwide distributor of electrical and electronic marine products—strengthened LKQ’s emerging marine market presence by integrating its operations into LKQ’s distribution network, achieving facility consolidation and cost savings. |
Independent car parts wholesaler in the Netherlands | 2022 | Completed in the first week of October 2022, this acquisition expanded LKQ’s footprint in the European automotive aftermarket, although the specific name and detailed transaction terms were not disclosed. |
No recent press releases or 8-K filings found for LKQ.