...March 4, 2025 LKQ Corp.'s organic revenue continues to contract modestly due to weakness in North America, but we expect recovery later in 2025 should support a small increase to its topline over the next couple years. Revenue was organically 2.5% lower in 2024 from prior year due to lower parts and service volumes in North America (down 5.6%), lower scrap steel prices, and weaker aftermarket replacement demand, despite overall revenues being up 3.5% on account of the full-year contribution from Uni-Select. Parts and service volumes in its North American wholesale business were lower due to fewer repairable claims. Repairable claims have been lower due to a combination of higher auto insurance costs and weaker used vehicle prices, causing consumers to delay or defer collision repair. We expect volumes to recover modestly over the next couple years, but this will depend on steadier prices for used vehicles and stabilization or reduction in insurance premiums for consumers. LKQ's S&P Global...
