At a glance
LKQ Corporation is worth $4.34B, about 7 times its fiscal 2025 earnings. Revenue fell 1.2% to $13.65B in fiscal 2025, with 4.5% kept as profit. It pays a 6.98% dividend yield, and returned $3.76B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned −42.0% over the past year with dividends reinvested and −18.9% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 59.1% in the 2020 crash (S&P 500: 33.7%) and 28.1% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 7 months and 10 months after the lows.
The business in plain English
LKQ Corporation distributes replacement parts used to repair and maintain vehicles. It also sells specialty accessories that improve how vehicles perform, work or look. Its focus is what LKQ calls alternative parts, meaning anything other than new parts from the vehicle's original manufacturer (OEM). These include new aftermarket parts made by other companies, salvaged parts taken from vehicles written off as total losses, and refurbished or remanufactured parts. Products range from bumper covers, fenders, lights and paint to brake pads, batteries, engines and transmissions.
Its main customers are collision and mechanical repair shops and new and used car dealers, along with retail buyers. Insurers don't buy the parts. But because they pay for many repairs, they often influence which parts shops use, and alternative parts can lower repair costs. LKQ also sells scrap metal and precious metals recovered from vehicles it takes apart.
Revenue was $13.65 billion in 2025. Europe was the largest segment at 46%, serving Germany, the U.K., Belgium, the Netherlands, Italy and other countries. North America, mainly the U.S. and Canada, brought in 41%. Specialty, an accessories distributor in those two countries, brought in 12%. LKQ sold its Self Service business on September 30, 2025, and began exploring a sale of Specialty. On January 26, 2026, its board launched a review that includes a possible sale of the company.
Price history
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LKQ -42.0% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By business segment
| Europe | $6.31B | 46.2% |
| North America | $5.65B | 41.4% |
| Specialty | $1.69B | 12.4% |
By geography
| UNITED STATES | $6.22B | 45.6% |
| Other countries | $3.94B | 28.9% |
| GERMANY | $1.83B | 13.4% |
| UNITED KINGDOM | $1.66B | 12.1% |
Latest results
- In Q3 FY2026 (ended Sep 30, 2026), revenue was $3.32B, down 5.1% from a year earlier, and net income was $-27.0M (-115.0%).
- For fiscal 2025, revenue was $13.65B (-1.2% year over year) with a 4.5% net margin.
Financial health check
| Operating margin | 7.3% watch |
|---|---|
| Free cash flow margin | 6.2% watch |
| Return on equity (FY2025) | 9.3% watch |
| Return on assets (FY2025) | 4% watch |
| Cash and investments | $319.0M (debt isn’t tagged in a standard way in the filings, so net cash can’t be shown) |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $11.63B | $638.0M | $1.27B |
| FY2021 | $13.09B | $1.09B | $1.07B |
| FY2022 | $12.79B | $1.15B | $1.03B |
| FY2023 | $13.27B | $938.0M | $998.0M |
| FY2024 | $13.82B | $693.0M | $810.0M |
| FY2025 | $13.65B | $608.0M | $847.0M |
Valuation snapshot
| Market value | $4.34B |
|---|---|
| P/E ratio | 7.3 |
| Dividend yield | 6.98% |
Rank among 1514 US companies
Market value at each year end
LKQ’s market value went from $9.43B at the end of 2016 to $4.34B on Oct 28, 2026, down 54%; since the end of 2025 it is down 44%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $4.34B | -43.9% |
| 2025 | $7.73B | -19.1% |
| 2024 | $9.55B | -25.3% |
| 2023 | $12.79B | -10.4% |
| 2022 | $14.27B | -18.4% |
| 2021 | $17.50B | +63.2% |
| 2020 | $10.73B | -2.0% |
| 2019 | $10.94B | +44.9% |
| 2018 | $7.55B | -39.9% |
| 2017 | $12.57B | +33.4% |
| 2016 | $9.43B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| LKQ price data to Oct 28, 2026 | -41.2% | -42.0% | -24.1% | -18.9% | -4.7% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -41.2% |
| 2025 | -15.0% |
| 2024 | -20.9% |
| 2023 | -8.5% |
| 2022 | -9.2% |
| 2021 | +71.1% |
| 2020 | -1.3% |
| 2019 | +50.4% |
| 2018 | -41.6% |
| 2017 | +32.7% |
| 2016 | +3.4% |
| 2015 | +5.4% |
| 2014 | -14.5% |
| 2013 | +55.9% |
| 2012 | +40.3% |
| 2011 | +32.4% |
| 2010 | +16.0% |
| 2009 | +68.0% |
| 2008 | -44.5% |
| 2007 | +82.9% |
| 2006 | +32.8% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 29.8% over that stretch · deepest drop along the way 62.8%, back to its old high 25.7 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 59.1% over that stretch · deepest drop along the way 59.1%, back to its old high 7.4 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 14% over that stretch · deepest drop along the way 28.1%, back to its old high 10.2 months after the low |
Insider activity
Form 4 filings from 2025-10-30 to 2026-10-30 (25 read): 0 open-market purchases and 0 sales ($0.00).
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 13.8% | Mar 31, 2026 |
| PZENA INVESTMENT MANAGEMENT LLC | 9% | Sep 30, 2026 |
| Vanguard Portfolio Management | 5.68% | Mar 31, 2026 |
| Vanguard Capital Management | 5.26% | Mar 31, 2026 |
| Morgan Stanley | 3.5% | Mar 31, 2026 |
ETFs with the most weight in LKQ
| SPDV AAM S&P 500 High Dividend Value ETF | 2.27% |
| CGMM Capital Group U.S. Small and Mid Cap ETF | 2.13% |
| RSPD Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 2.02% |
| BUSA Brandes U.S. Value ETF | 1.72% |
| CCSO Carbon Collective Climate Solutions U.S. Equity ETF | 1.42% |
| MCDS JPMorgan Fundamental Data Science Mid Core ETF | 0.6% |
| IQSM NYLI Candriam U.S. Mid Cap Equity ETF | 0.57% |
| ISCV iShares Morningstar Small Cap Value ETF | 0.52% |
What could go wrong
- Relies on insurers and faces carmaker pushback. Insurers don't buy parts but often influence which ones repair shops use. Carmakers, which LKQ believes supply most collision parts by value, have tried to restrict alternatives. Weaker insurer support could cut demand.
- Uncertain outcome of the strategic review. On January 26, 2026, the board began reviewing options, including a possible sale of the company. LKQ warns no deal may happen, and speculation about the outcome could hurt the business.
- Legal limits on aftermarket parts. Intellectual property claims over aftermarket parts, or new or changed laws, could restrict the sale of aftermarket, recycled or remanufactured products. Those products are the core of what LKQ sells.
- Tariffs and reliance on Taiwan-made parts. Many North American aftermarket parts are made in Taiwan or elsewhere abroad, and the top six vendors supplied about 44% of 2025 aftermarket purchases. Tariffs or China-Taiwan tensions could raise costs or disrupt supply.
- Fewer accidents or repairs would hurt sales. Demand depends on vehicles being repaired and maintained. Fewer cars on the road, fewer accidents, changes in the types of vehicles people drive, or tight household budgets could all reduce repair spending.
- Substantial debt, partly at variable rates. LKQ describes its debt as substantial, and some of it carries variable interest rates. Higher rates or a credit rating downgrade could raise borrowing costs and leave less cash for dividends and buybacks.
Recent events
- Quarterly results released; Other company announcement
- Quarterly results released; Executive or board change; Investor presentation or announcement
- Quarterly results released
- Bylaws or fiscal year changed; Shareholder vote results
- Quarterly results released
- Executive or board change
- Quarterly results released
- Other company announcement
- Major agreement signed; New debt or financial obligation; Other company announcement
- Other company announcement
For income and retirement investors
LKQ began paying a dividend in 2021. Dividends per share rose from about $0.25 that year to $1.21 in 2024, then held near $1.20 in 2025, so the record shows no streak of yearly increases. In 2025 the dividend took about 51% of earnings and 37% of free cash flow (cash left after running and investing in the business). The yield was about 7% as of October 28, 2026. It was high mainly because the share price had fallen 42% over the prior year. Buybacks totaled about $2.5 billion from 2021 to 2025, and the share count fell about 14% between July 2021 and July 2026. Buybacks slowed to $159 million in 2025.
The shares have fallen sharply in downturns. They dropped about 63% in 2008 and took roughly 26 months to recover. They fell 59% in the 2020 COVID crash and recovered in about seven months. In 2022 they fell 28% and recovered in about 10 months. Single stocks carry more risk than diversified funds.
Questions investors ask
How does LKQ make money?
LKQ makes money by distributing replacement parts for vehicle repair and maintenance, mainly to collision and mechanical repair shops and car dealers. It specializes in alternatives to new carmaker parts: aftermarket, salvaged and reconditioned parts. For the year ended December 31, 2025, revenue was $13.65 billion and net income was $608 million, about 4.5% of revenue. Europe supplied 46% of revenue, North America 41% and the Specialty accessories business 12%. It also sells scrap and precious metals from vehicles it takes apart.
Does LKQ raise its dividend every year?
No. LKQ began paying a dividend in 2021. Dividends per share climbed to about $1.21 in 2024, then held near $1.20 in 2025, so there is no unbroken record of annual increases. In 2025 the payout used about 51% of earnings and 37% of free cash flow. The dividend yield was about 7% as of October 28, 2026, pushed up by a steep fall in the share price. LKQ says the amount and frequency of dividends may change.
Is LKQ for sale?
It may be. On January 26, 2026, LKQ's board announced a review of strategic alternatives (ways to raise shareholder value), including a possible sale of the company. LKQ's annual report, filed February 19, 2026, warns that the review may not lead to any deal. The company had already sold its Self Service segment on September 30, 2025, and in 2025 it began exploring a sale of its Specialty accessories segment.
How has LKQ stock performed?
Poorly. As of October 28, 2026, the share price was down 41% for 2026 to date and 42% over one year. Over five years it lost about 19% a year, a total drop of 65%. Over 10 years it lost about 5% a year. The price fell in every calendar year from 2022 through 2025. Earnings per share also fell, from $4.13 in 2022 to $2.35 in 2025. At that price the stock traded at about 7.3 times 2025 earnings.
Who owns the most LKQ stock?
Large investment firms reported the biggest stakes. In ownership reports filed with the SEC, BlackRock reported about 13.8% as of March 31, 2026, and Pzena Investment Management about 9% as of September 30, 2026. Two Vanguard units reported about 5.7% and 5.3% as of March 31, 2026. LKQ also appears in many ETFs. Two of the funds where it carries the most weight are the AAM S&P 500 High Dividend Value ETF and the Capital Group U.S. Small and Mid Cap ETF.