LKQ Corp. - S&P Global Ratings’ Credit Research

LKQ Corp.

LKQ Corp. - S&P Global Ratings’ Credit Research
LKQ Corp.
Published Jul 28, 2011
3203 words — Published Jul 28, 2011
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Recession-resistant market; Good market position; Good EBITDA margins; and Positive free cash flow. Narrow business scope and scale; Fragmented and competitive industry; and Dependence on good relationships with insurance companies. The ratings on LKQ Corp. reflect the company's significant financial risk profile with positive free cash flow, and its fair business risk profile with double-digit EBITDA margins. LKQ is the largest nationwide provider of aftermarket collision replacement products and refurbished bumper covers and wheels. The company is also the nation's largest provider in a very fragmented market for recycled light vehicle original equipment manufacturer (OEM) products and related services. The company's revenues and profits are highly dependent on decisions made by the auto insurance industry, which is its indirect customer.

  
Brief Excerpt:

RESEARCH LKQ Corp. Publication date: 28-Jul-2011 Primary Credit Analyst: Nancy C Messer, CFA, New York (1) 212-438-7672; nancy_messer@standardandpoors.com Secondary Contact: Robert Schulz, CFA, New York (1) 212-438-7808; robert_schulz@standardandpoors.c...

  
Report Type:

Full Report

Ticker
LKQX
Issuer
LKQ Corp.
GICS
Distributors (25501010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "LKQ Corp." Jul 28, 2011. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/LKQ-Corp-881610>
  
APA:
S&P Global Ratings’ Credit Research. (). LKQ Corp. Jul 28, 2011. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/LKQ-Corp-881610>
  
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