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LKQ Corp (LKQ) stock

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NASDAQ: LKQ Nasdaq Distributors Next results ~January 25, 2027

C+ Fundamentals grade

LKQ Corp is a US-listed company in the distributors industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$29

Cash-flow model

Base case. Range ~$18–$43 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 31% below our base value.

Price used: $19.93, November 2, 2026

LKQ Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds253 adding, 296 cuttingOf 66 active managers that changed their stake, 35 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter LKQ files

10-Q filed October 29: LKQ

Model value −2.2%

LKQ Corp generated revenue of $13.5bn in the twelve months to September 2026, down 0.4% on a year earlier and a reversal from 1.3% growth a quarter earlier. Free-cash-flow margin held steady at 4.5%, while operating margin narrowed sharply to 4.8% from 8.1%. These shifts pull our model value down from $27.26 to $26.67 a share. Against a share price of $17.93, the rating stays Hold. At that price, the market appears to be pricing in cash flow shrinking by about 2.5% a year over the next five years, a markedly gloomier outlook than the 0.6% a year revenue growth the company has actually delivered.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where LKQ stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $13.7bn, up 1.3% on a year earlier, faster than 0.6% a quarter earlier. That puts it 789 of 931 for growth among all the companies we cover. Free-cash-flow margin held at 4.6%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 2 financial-health checks. Our cash-flow model value is $43.51 a share, against a share price of $21.77. At that price, our model says the market is pricing in cash flow shrinking about 10.5% a year for five years, slower than the 0.9% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 25, 2027 (estimated)

LKQ Corp's trailing-twelve-month revenue fell 0.4% year on year, with a free-cash-flow margin of 4.5%. Where it stands out: gross margin of 38.1% ranks 1 of 7 distributors companies we cover. Where it lags: revenue growth of -0.4% ranks 7 of 8 distributors companies we cover.

Our discounted-cash-flow model values the business at ~$29 per share in the base case (~$18–$43 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 15.5% while net income fell 63.7%: a 48pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $19.93 is 45% below our value per share of $29.
  • Shrinking share count. Diluted shares fell 1.5% in a year, so each share owns more of the business.

Things to watch

  • Revenue shrinking. Revenue fell 0.4% over the last 12 months.
  • Margins narrowing. Operating margin is down 3.3 points on a year ago.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 16.5% over 90 days.

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$0.50 against an average estimate of $0.53: missed by 6.5%
Revenue
$3.32bn, down 5.1% on a year earlier
Share reaction
+8.0% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Next report
October 29, 2026; average EPS estimate $0.50

LKQ's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+7.4%
  • 1 week+15.5%
  • 1 month-12.6%
  • This year-31.8%
  • 1 year-34.9%
  • 5 years-59.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$13.5B
Operating margin
4.8%
Net margin
1.9%
EPS (TTM, diluted)
$1.00

Growth

Revenue growth
−0.4%
Change in growth rate
−1.7 pts
Share count change
−1.5%

Cash

Free cash flow (TTM)
$610M
FCF margin
4.5%
Stock pay % of revenue
0.3%

Earnings

Last results
October 29, 2026
Next results (est.)
January 25, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Our research
  3. Results
  4. Leadership
  5. Announcement
  6. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

LKQ Corp valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 2.5% a year for five years.That is close to the 0.6% a year revenue growth LKQ has delivered.

  • Priced in-2.5%
  • Last 12 months-0.4%
  • 3 years a year0.4%
  • 5 years a year0.6%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($19.55, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$29
Price used
$19.55close November 3, 2026
Implied change
▲ +47%
Uncertainty
High

How we got here: a discounted-cash-flow model of LKQ Corp's free cash flow after stock-based pay with after-tax interest added back ($654M, FY2026 Q3 TTM), growing 0.9% and 1.9% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$18–~$43 ; that spread sets a 35% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of LKQ Corp's free cash flow after stock-based pay ( $654M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value LKQ Corp as an operating company, with every model that fits that kind of business. Cost of equity 10%: the 10-year Treasury yield (4.9%) plus a beta of 1.11 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$29 ~$18–$43 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: fewer than 5 peers with a usable multiple
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$34 ~$25–$46 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$36 ~$31–$42 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$32 ~$29–$36 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare LKQ Corp with Distributors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −38%
  • Revenue growth 5 points higher ▲ +50%
  • Free-cash-flow margin 1 point lower ▼ −34%
  • Last year's free-cash-flow margin change, if it persists ▼ −21%
  • Discount rate 1 point higher ▼ −22%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $24$37$55$78$109$148
8.5% $15$25$37$54$76$104
10% $10$17$27$40$56$78

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$25.73$26.62$35.32$20.61$31.01$30.61$52.36$47.53$43.46$34.37$29.22$19.93
Market value$7.9bn$8.2bn$11.0bn$6.5bn$9.6bn$9.3bn$15.6bn$13.2bn$11.7bn$9.1bn$7.5bn$5.1bn
+ Net debt (− = net cash)$1.5bn$3.1bn$3.1bn$4.0bn$3.5bn$2.6bn$2.5bn$2.4bn$4.0bn$4.0bn$3.4bn$3.4bn
Enterprise value$9.4bn$11.4bn$14.1bn$10.5bn$13.2bn$11.9bn$18.1bn$15.6bn$15.6bn$13.0bn$10.9bn$8.5bn
Multiples
Price / sales 1.1x1.0x1.1x0.5x0.8x0.8x1.2x1.0x0.9x0.7x0.6x0.4x
Price / earnings 18.7x17.8x20.6x13.6x17.8x14.6x14.3x11.5x12.4x13.1x12.4x20.0x
Price / free cash flow 21.2x19.3x32.3x14.1x12.1x7.3x14.5x12.9x11.7x11.2x8.9x8.3x
EV / EBITDA 11.3x11.7x13.1x8.9x10.9x9.3x10.3x8.5x9.5x8.4x7.7x8.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

65 /100

Moderate moat

How hard LKQ's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 14 / 20

    Cash operating profit has been a median 10.8% of total assets over 10 years.

  • Pricing power 14 / 20

    Gross margin has been a median 39.2%, moving by 0.9 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median 8.3%; its worst year was 4.8%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 10 of 10 years, at a median 5.4% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 15.4% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (70 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.33 −23% $13.4bn −2%
Next $2.59 +12% $13.6bn +2%

Next year's EPS estimate has moved −16.5% in 90 days, across 9 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −13.6% on 90 days ago. In the last 30 days, 0 analysts raised LKQ Corp's forecast and 2 cut it.

Consensus EPS forecast LKQ Corp, last 90 days
$2.20 $2.40 $2.60 $2.80 $3.00 $3.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.69 Current fiscal year, 60 days ago: $2.68 Current fiscal year, 30 days ago: $2.68 Current fiscal year, 7 days ago: $2.65 Current fiscal year, Now: $2.33 $2.33 Next fiscal year, 90 days ago: $3.11 Next fiscal year, 60 days ago: $3.09 Next fiscal year, 30 days ago: $3.09 Next fiscal year, 7 days ago: $3.06 Next fiscal year, Now: $2.59 $2.59

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.69$3.11
60 days ago $2.68$3.09
30 days ago $2.68$3.09
7 days ago $2.65$3.06
Now $2.33$2.59

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.53 $0.50 −6.5%
Jun 2026 $0.71 $0.67 −6.0%
Mar 2026 $0.67 $0.67 +0.1%
Dec 2025 $0.65 $0.59 −9.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 23, 2026

No numeric guidance in LKQ Corp's latest earnings release (filed October 23, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows LKQ Corp's revenue by +0.9% next year and +1.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+0.4%, weight 67%) and the company's own record (+2.0%, weight 33%) . How the weights are set.

Analyst recommendations

9 analysts, Oct 2026
Buy667%
Hold333%
Sell00%

Monthly trend

  1. Oct 20263339
  2. Sep 20263429
  3. Aug 20263429
  4. Jul 20263429

Counts of recommendations published by analysts covering LKQ Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.7%
of tradable shares
Days to cover
5.23
at average volume
Short interest, 1 month
+14%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.4%
of shares
Employees
44,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −34.9%

$30.61 on October 31, 2025 to $19.93

ThenNowEffect
Revenue (last 12 months) $13.5bn $13.7bn +1.3%
Net margin 5.3% 3.4% −36.0%
P/E multiple 11.2x 11.1x −1.1%
Share count 260m 256m +1.6%

Biggest factor: net margin.

Last 3 years −50.9%

$40.60 on November 3, 2023 to $19.93

ThenNowEffect
Revenue (last 12 months) $12.9bn $13.7bn +6.1%
Net margin 7.8% 3.4% −56.9%
P/E multiple 10.9x 11.1x +1.9%
Share count 270m 256m +5.4%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LKQ+71%−9%−9%−21%−15%−32%
Industry peers (median)−3%−46%−46%−13%−47%−39%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LKQ75%33%42%42%58%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LKQ−12%−29%−27%−31%−34%−49%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 68% from January 12, 2018 to March 23, 2020. Getting back needed a 213% gain, reached on March 17, 2021, 359 days after the low.

Price behaviour

52-week range
$17.10 – $33.67
From 52-week high
−40.8%
vs 50-day average
−12.0%
vs 200-day average
−25.2%
Volatility (1 year)
43%
Beta vs S&P 500
0.55

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±9.5%
After a week
1 up, 10 down
typical move ±8.8%
After a month
2 up, 8 down
typical move ±7.1%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 +8.0% −2.1% — —
October 23, 2026 −23.2% +0.2% −17.4% —
July 30, 2026 −14.9% +2.4% −7.3% −2.1%
April 30, 2026 −7.0% +1.3% −6.4% −14.0%
February 19, 2026 +2.6% +0.5% −1.8% −14.1%
October 30, 2025 +6.4% −0.8% −0.1% −0.9%
July 24, 2025 −16.7% +0.5% −23.7% −16.7%
April 24, 2025 −11.2% +2.8% −9.5% −3.9%
February 20, 2025 +2.8% −2.1% +6.3% +3.3%
October 24, 2024 −0.6% +0.2% −2.6% +2.7%
July 25, 2024 −9.7% +0.6% −9.7% −3.4%
April 23, 2024 −11.5% +1.1% −11.9% −9.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How LKQ Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look cheap

Option prices imply less movement than the shares have recently shown. Selling options pays little for the risk taken.

  • Implied is 0.74× the last 60 days’ realised volatility , richer than 2% of the 229 stocks we screen today.
  • Puts and calls are priced at about the same implied volatility.
  • Why: implied is below 60-day realised: selling options pays little for the risk taken.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

LKQ Corp in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) LKQ Corp
$13B $13.5B $14B $14.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $13.3B Revenue (TTM), FY24 Q1: $13.6B Revenue (TTM), FY24 Q2: $13.9B Revenue (TTM), FY24 Q3: $13.8B Revenue (TTM), FY24 Q4: $14.1B Revenue (TTM), FY25 Q1: $13.7B Revenue (TTM), FY25 Q2: $13.5B Revenue (TTM), FY25 Q3: $13.6B Revenue (TTM), FY25 Q4: $13.7B Revenue (TTM), FY26 Q1: $13.8B Revenue (TTM), FY26 Q2: $13.7B Revenue (TTM), FY26 Q3: $13.5B $13.5B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $13.3B
FY24 Q1 $13.6B
FY24 Q2 $13.9B
FY24 Q3 $13.8B
FY24 Q4 $14.1B
FY25 Q1 $13.7B
FY25 Q2 $13.5B
FY25 Q3 $13.6B
FY25 Q4 $13.7B
FY26 Q1 $13.8B
FY26 Q2 $13.7B
FY26 Q3 $13.5B
Revenue growth, TTM YoY LKQ Corp
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 3.7% Revenue growth, TTM YoY, FY24 Q1: 6.5% Revenue growth, TTM YoY, FY24 Q2: 7.6% Revenue growth, TTM YoY, FY24 Q3: 3.0% Revenue growth, TTM YoY, FY24 Q4: 6.2% Revenue growth, TTM YoY, FY25 Q1: 0.7% Revenue growth, TTM YoY, FY25 Q2: -2.6% Revenue growth, TTM YoY, FY25 Q3: -1.5% Revenue growth, TTM YoY, FY25 Q4: -3.1% Revenue growth, TTM YoY, FY26 Q1: 0.6% Revenue growth, TTM YoY, FY26 Q2: 1.3% Revenue growth, TTM YoY, FY26 Q3: -0.4% -0.4%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 3.7%
FY24 Q1 6.5%
FY24 Q2 7.6%
FY24 Q3 3.0%
FY24 Q4 6.2%
FY25 Q1 0.7%
FY25 Q2 -2.6%
FY25 Q3 -1.5%
FY25 Q4 -3.1%
FY26 Q1 0.6%
FY26 Q2 1.3%
FY26 Q3 -0.4%
Operating margin (TTM) LKQ Corp
4% 6% 8% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 10.0% Operating margin (TTM), FY24 Q1: 9.2% Operating margin (TTM), FY24 Q2: 8.4% Operating margin (TTM), FY24 Q3: 8.4% Operating margin (TTM), FY24 Q4: 8.3% Operating margin (TTM), FY25 Q1: 8.4% Operating margin (TTM), FY25 Q2: 8.3% Operating margin (TTM), FY25 Q3: 8.1% Operating margin (TTM), FY25 Q4: 7.3% Operating margin (TTM), FY26 Q1: 6.8% Operating margin (TTM), FY26 Q2: 6.3% Operating margin (TTM), FY26 Q3: 4.8% 4.8%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 10.0%
FY24 Q1 9.2%
FY24 Q2 8.4%
FY24 Q3 8.4%
FY24 Q4 8.3%
FY25 Q1 8.4%
FY25 Q2 8.3%
FY25 Q3 8.1%
FY25 Q4 7.3%
FY26 Q1 6.8%
FY26 Q2 6.3%
FY26 Q3 4.8%
FCF margin (TTM) LKQ Corp
4% 5% 6% 7% 8% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 7.5% FCF margin (TTM), FY24 Q1: 7.6% FCF margin (TTM), FY24 Q2: 5.4% FCF margin (TTM), FY24 Q3: 5.4% FCF margin (TTM), FY24 Q4: 5.7% FCF margin (TTM), FY25 Q1: 4.1% FCF margin (TTM), FY25 Q2: 5.0% FCF margin (TTM), FY25 Q3: 5.3% FCF margin (TTM), FY25 Q4: 6.2% FCF margin (TTM), FY26 Q1: 5.9% FCF margin (TTM), FY26 Q2: 4.6% FCF margin (TTM), FY26 Q3: 4.5% 4.5%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 7.5%
FY24 Q1 7.6%
FY24 Q2 5.4%
FY24 Q3 5.4%
FY24 Q4 5.7%
FY25 Q1 4.1%
FY25 Q2 5.0%
FY25 Q3 5.3%
FY25 Q4 6.2%
FY26 Q1 5.9%
FY26 Q2 4.6%
FY26 Q3 4.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar LKQ took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $13.7B
  2. Cost of revenue $8.4B · 61.4%
  3. Gross profit $5.3B · 38.6%
  4. Selling, general and admin $3.8B · 27.9%
  5. Other operating costs $459M · 3.4%
  6. Operating income $993M · 7.3%
  7. Income tax $204M · 1.5%
  8. Interest and other $181M · 1.3%
  9. Net income $608M · 4.5%

Shares of revenue. Source: LKQ's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 2.0 2.5 3.3 4.1 5.1 6.7 7.2 8.6 9.7 11.9 12.5 11.6 13.1 12.8 13.3 13.8 13.7 13.5
Gross profit 0.9 1.1 1.4 1.7 2.1 2.7 2.8 3.4 3.8 4.6 4.9 4.6 5.3 5.2 5.4 5.4 5.3 5.1
EBITDA 0.3 0.3 0.4 0.5 0.6 0.8 0.8 1.0 1.1 1.2 1.2 1.3 1.8 1.8 1.6 1.6 1.4 1.0
Operating income 0.2 0.3 0.4 0.4 0.5 0.6 0.7 0.8 0.8 0.9 0.9 1.0 1.5 1.6 1.3 1.1 1.0 0.6
Net income 0.1 0.2 0.2 0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.5 0.6 1.1 1.2 0.9 0.7 0.6 0.3
Diluted EPS $0.45 $0.58 $0.71 $0.87 — $1.25 $1.38 $1.50 $1.72 $1.52 $1.74 $2.09 $3.66 $4.13 $3.49 $2.62 $2.35 $1.00
Growth (year on year)
Revenue +7.3% +20.6% +32.4% +26.1% +22.8% +33.1% +6.7% +19.3% +13.4% +22.0% +5.3% −7.0% +12.6% −2.3% +3.7% +4.2% −1.2% −0.4%
EBITDA +18.9% +25.9% +22.6% +22.1% +21.4% +25.7% +7.4% +16.4% +10.9% +9.4% +3.0% +6.1% +36.8% +4.9% −10.9% −5.6% −9.0% −31.3%
Operating income +19.7% +28.7% +21.4% +21.2% +21.1% +22.6% +8.4% +8.3% +10.7% +4.4% +1.6% +10.0% +49.5% +7.3% −16.3% −13.5% −13.3% −41.0%
Net income +27.6% +32.6% +24.4% +24.2% +19.3% +22.4% +10.9% +9.6% +15.0% −10.0% +12.7% +17.9% +71.2% +5.3% −18.4% −26.1% −12.3% −63.7%
Diluted EPS −37.3% +30.3% +22.4% +22.5% — — +10.4% +8.7% +14.7% −11.6% +14.5% +20.1% +75.1% +12.8% −15.5% −24.9% −10.3% −63.1%
Margins
Gross margin 45.3% 44.3% 42.6% 41.8% 41.0% 39.3% 39.4% 39.0% 39.0% 38.5% 38.8% 39.5% 40.7% 40.8% 40.3% 38.9% 38.6% 38.1%
EBITDA margin 13.2% 13.7% 12.7% 12.3% 12.2% 11.5% 11.6% 11.3% 11.0% 9.9% 9.7% 11.1% 13.4% 14.4% 12.4% 11.2% 10.3% 7.7%
Operating margin 11.3% 12.1% 11.1% 10.6% 10.5% 9.6% 9.8% 8.9% 8.7% 7.4% 7.2% 8.5% 11.3% 12.4% 10.0% 8.3% 7.3% 4.8%
Net margin 6.2% 6.8% 6.4% 6.3% 6.2% 5.7% 5.9% 5.4% 5.5% 4.0% 4.3% 5.5% 8.3% 9.0% 7.1% 5.0% 4.5% 1.9%
Free-cash-flow margin 5.3% 4.0% 3.8% 2.9% 6.7% 3.7% 5.2% 5.0% 3.5% 3.9% 6.4% 10.9% 8.2% 8.0% 7.5% 5.9% 6.2% 4.5%
Cash flow
Cash from operations 0.2 0.2 0.2 0.2 0.4 0.4 0.5 0.6 0.5 0.7 1.1 1.4 1.4 1.3 1.4 1.1 1.1 0.8
Capital spending 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.3 0.3 0.2 0.3 0.2 0.4 0.3 0.2 0.2
Free cash flow 0.1 0.1 0.1 0.1 0.3 0.2 0.4 0.4 0.3 0.5 0.8 1.3 1.1 1.0 1.0 0.8 0.8 0.6
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Free cash flow after stock pay 0.1 0.1 0.1 0.1 0.3 0.2 0.4 0.4 0.3 0.4 0.8 1.2 1.0 1.0 1.0 0.8 0.8 0.6
Balance sheet
Cash 0.1 0.1 0.0 0.1 0.2 0.1 0.1 0.2 0.3 0.3 0.5 0.3 0.3 0.3 0.3 0.2 0.3 0.3
Total debt 0.6 0.6 1.0 1.1 1.3 1.9 1.6 3.4 3.4 4.3 4.1 2.9 2.8 2.7 4.3 4.2 3.7 3.7
Net debt (negative = net cash) 0.5 0.5 0.9 1.1 1.2 1.7 1.5 3.1 3.1 4.0 3.5 2.6 2.6 2.4 4.0 4.0 3.4 3.4
Diluted shares 288m 292m 297m 301m 304m 306m 307m 310m 311m 316m 311m 305m 298m 278m 268m 264m 258m 255m
Returned to shareholders
Dividends — — — — — — — — — — 0.0 0.0 0.1 0.3 0.3 0.3 0.3 0.3
Buybacks — — — — — — — 0.0 0.0 0.1 0.3 0.1 0.9 1.0 0.0 0.4 0.2 0.1
Total returned — — — — — — — 0.0 0.0 0.1 0.3 0.1 1.0 1.3 0.3 0.7 0.5 0.4

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 2 checks passed · September 30, 2026
What it owns · $14.8bn
Short-term assets $5.3bnLonger-term assets $9.5bn
What it owes, and who funded it · $9.3bn
Short-term liabilities $3.0bnShareholders' equity $6.3bn
  • Short-term assets cover short-term liabilities $5.3bn of assets due within a year against $3.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $648m against −$218m of interest.

From LKQ Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$123M
Dividends (TTM)
$306M
Returned to shareholders
70%
of free cash flow
Buybacks, last 3 fiscal years
$557M
Diluted share count
−1.5%
year over year
Total shareholder yield
8.5%
dividends 6.1% + buybacks 2.5% of market value
Dividend payout ratio
121%
of net income paid out
Sales & admin spending
28.8%
of revenue

Competitors: side by side with peers

Closest by revenue in distributors
Last 12 months unless stated LKQ GPC POOL GCT AENT YDDL Median
Revenue, last 12 months $13.5bn $25.3bn $5.4bn $1.5bn $1.1bn $66m $1.1bn
Revenue growth, last 12 months −0.4% 5.3% 2.9% 22.9% 8.0% 23.1% 5.3%
Revenue growth, 3-year average 0.4% 3.2% −1.1% — −0.3% — −0.3%
Revenue growth, latest quarter −5.1% 4.2% 3.7% 27.6% 17.7% — 17.7%
Gross margin 38.1% 37.1% 29.4% 24.0% — 23.9% 24.0%
Operating margin 4.8% 8.3% 10.5% 11.6% 2.4% 18.0% 4.8%
Operating margin, 3-year average 7.1% 8.2% 11.2% 12.0% 2.2% — 7.1%
Net margin 1.9% 0.1% 7.3% 10.6% 1.1% 17.9% 1.1%
Cash from operations / revenue 5.9% 4.7% 9.2% 11.5% −0.1% −14.8% 4.7%
Free-cash-flow margin 4.5% 3.0% 8.1% 10.7% −0.2% −14.8% 3.0%
Free-cash-flow margin, 3-year average 5.1% 2.5% 8.7% 12.0% — — 5.1%
Stock pay / revenue 0.3% 0.2% 0.5% 0.8% 0.0% — 0.5%
Change in share count −1.5% −0.6% −3.2% −7.9% 0.1% 0.8% −0.3%

Median of all 9 companies we cover in distributors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

9 distributors companies
Measure Company Peer median Rank
Revenue growth Growth -0.4% 8.0% 7 of 8
Change in growth rate Growth -1.7pp +0.7pp 6 of 8
Gross margin Profitability 38.1% 24.0% 1 of 7
Operating margin Profitability 4.8% 4.8% 4 of 8
Net margin Profitability 1.9% 1.1% 4 of 9
Free-cash-flow margin Cash generation 4.5% 3.0% 4 of 9
Stock pay as % of revenue Cash generation 0.3% 0.5% 3 of 7
Change in share count Balance sheet -1.5% -0.6% 3 of 7

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Europe $6.3B 46.2% ▼ 1.5%
North America $5.7B 41.4% ▼ 1.9%
Specialty $1.7B 12.4% ▲ 2.2%
Us Gaap_Intersegment Elimination Member -$4M 0.0% —
Geography
Region Revenue Share YoY
United States $6.2B 45.6% ▼ 1.3%
Other Countries $3.9B 28.9% ▼ 3.7%
Germany $1.8B 13.4% ▲ 5.7%
United Kingdom $1.7B 12.1% ▼ 2.1%

From LKQ Corp's 10-K filed February 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$7.4B
Institutions reporting
530
Shares held vs prior quarter
▼ 0.3%
Positions opened / closed
60 / 78

Top buyers and sellers, Q2 2026: 253 institutions bought and 296 sold ; the biggest buyer was Pzena Investment Management LLC (+8.9M shares) and the biggest seller Boston Partners (−6.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1B 38.6M 13.8% ▲ 4.5%
Pzena Investment Management LLC $399M 15.1M 5.4% ▲ 142.9%
Vanguard Portfolio Management LLC $380M 14.4M 5.2% ▲ 0.2%
Fuller & Thaler Asset Management, Inc. $317M 12.0M 4.3% ▲ 21.1%
Vanguard Capital Management LLC $302M 11.5M 4.1% ▲ 0.1%
Dimensional Fund Advisors LP $299M 11.4M 4.1% ▲ 9.4%
Nordea Investment Management AB $250M 9.6M 3.4% ▼ 21.6%
Massachusetts Financial Services Co $249M 9.4M 3.4% ▼ 2.7%
State Street Corp $233M 8.8M 3.2% ▲ 2.2%
Morgan Stanley $213M 8.1M 2.9% ▼ 22.6%
Capital World Investors $188M 7.2M 2.6% ▼ 37.0%
Ancora Advisors LLC $183M 6.9M 2.5% ▼ 13.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not LKQ Corp's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 17 trades and filings

No trades in LKQ Corp disclosed in the last 12 months; 17 earlier trades on record.

  • Lois Frankel(D-FL 22):Sale (full), $1,001 - $15,000, traded September 8, 2023, filed October 10, 2023
  • Lois Frankel(D-FL 22):Purchase, $1,001 - $15,000, traded July 14, 2023, filed July 28, 2023
  • Susie Lee(D-NV 3):Sale (full), $1,001 - $15,000, traded November 30, 2022, filed December 29, 2022

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 25, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • October 23, 2026
  • July 30, 2026
  • April 30, 2026
  • February 19, 2026
  • October 30, 2025

Recent SEC filings

Data status

When each part of this page on LKQ Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

LKQ Corp in brief

What does LKQ Corp do?
LKQ Corp is a US-listed company in the distributors industry. Its financial year ends in December.
What is LKQ Corp's stock ticker?
LKQ Corp trades under the ticker LKQ on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is LKQ Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, LKQ Corp reported revenue of $13.5B, 0.4% lower than a year earlier, according to its SEC filings.
What is LKQ Corp's free cash flow?
LKQ Corp's free-cash-flow margin is 4.5% of revenue over the trailing twelve months, ranking 4 of the 9 distributors companies we cover.
What is LKQ Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of LKQ Corp's free cash flow after stock-based pay gives ~$29 per share in the base case, and ~$18–$43 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are LKQ Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Pzena Investment Management LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is LKQ Corp buying back stock, and does it pay a dividend?
LKQ Corp spent $123M on share repurchases over the trailing twelve months, and its diluted share count fell 1.5% over the year.
What is LKQ Corp's market cap?
On November 2, 2026, LKQ Corp's market capitalisation was about $5.1B, with a price-to-earnings ratio of 20.0 and net debt of $3.4B. Market figures come from third-party market data and may be delayed.
Does LKQ Corp pay a dividend?
Yes: LKQ Corp paid $306M in dividends over the trailing twelve months, a dividend yield of 6.08% and a payout ratio of 120.5%.
Who are LKQ Corp's competitors?
In our Distributors peer group, the companies closest to LKQ Corp are Genuine Parts Company, Pool Corp, Gigacloud Technology Inc, Alliance Entertainment Holding Corp and One & One Green Technologies. Inc. The side-by-side comparison below sets their revenue, margins and growth against LKQ Corp's.
When is LKQ Corp's next earnings date?
Around January 25, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — LKQ Corp announces its own schedule.