LKQ Third-Quarter Results Mixed With U.S. Organic Growth Slowing; Maintaining $30 Fair Value
Narrow-moat rated LKQ Corp., the collision repair parts and service company, reported third-quarter adjusted earnings per share excluding special items and acquired amortized intangibles (EPS) of $0.45, in line with the consensus EPS of $0.45 and $0.12 better than the year-ago result. Management slightly reduced guidance on the continuance of softer organic growth in U.S. collision repair revenue. Year to date, collision repair revenue is up 3.3% as several states in the Northeast region have be...LKQ is a holding company. Through its subsidiaries, the company provides alternative vehicle collision replacement products and alternative vehicle mechanical replacement products. The company is also a provider of alternative vehicle replacement and maintenance products in the United Kingdom, Germany, the Benelux region (Belgium, Netherlands, and Luxembourg), Italy, Czech Republic, Poland, Slovakia, Austria, and other European countries. In addition to its wholesale operations, the company operates self service retail facilities across the United States that sell recycled automotive products from end-of-life-vehicles. The company is also a distributor of specialty vehicle aftermarket equipment and accessories.
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