Professional
Added to YB: 2024-04-30
Pitch date: 2024-03-31
LKQ [bullish]
LKQ Corporation
-38.57%
current return
Author Info
No bio for this author
Company Info
LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.
Market Cap
$7.6B
Pitch Price
$50.45
Price Target
N/A
Dividend
4.03%
EV/EBITDA
5.86
P/E
11.06
EV/Sales
0.91
Sector
Distributors
Category
value
Artisan Mid Cap Value Fund New Portfolio Holding: LKQ Corporation
LKQ: Dominant in NA & EU aftermarket parts w/ 70%+ share. Insurers & mechanics favor low prices, availability, scale. EU biz improving on integration. 90% of rev tied to non-discretionary spend. 2x debt/EBITDA, strong FCF. Cheap at 12x P/E vs 14x historical & peers despite similar growth.
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