Home Credit Ratings and Research S&P Global Ratings’ Credit Research LKQ Corp.

Summary: LKQ Corp.

Published Jul 28, 2011

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Abstract:

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. LKQ had $559.3 million of total balance sheet debt as of March 31, 2011. The company's significant financial risk profile score reflects Standard&Poor's Ratings Services' belief that LKQ

Report Type:

Summary

Ticker

LKQX

Issuer

LKQ Corp.

GICS

Distributors (25501010)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

Bulletin: LKQ Corp. Announces Acquisition; No Immediate Ratings Impact, But Leverage Will Rise – 2011/10/04 – Free

LKQ Corp. – 2012/01/30 – US$ 500.00

Summary: LKQ Corp. – 2012/01/30 – US$ 225.00

LKQ Corp. 'BB+' Rating Affirmed On Sustainable Positive Earnings Trends; Outlook Stable – 2012/06/15 – US$ 150.00

Research Update: LKQ Corp. 'BB+' Rating Affirmed On Sustainable Positive Earnings Trends; Outlook Stable – 2012/06/15 – US$ 225.00

LKQ Corp. – 2011/07/28 – US$ 500.00

LKQ Corp. Corporate Credit Rating Raised To 'BB+' From 'BB'; Outlook Is Stable – 2011/05/25 – US$ 150.00

Research Update: LKQ Corp. Corporate Credit Rating Raised To 'BB+' From 'BB'; Outlook Is Stable – 2011/05/25 – US$ 225.00

Summary: LKQ Corp. – 2010/11/12 – US$ 225.00

LKQ Corp. – 2010/05/04 – US$ 500.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:	S&P Global Ratings’ Credit Research. "Summary: LKQ Corp." Jul 28, 2011. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-LKQ-Corp-881611>

APA:	S&P Global Ratings’ Credit Research. (). Summary: LKQ Corp. Jul 28, 2011. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-LKQ-Corp-881611>

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