LKQ Corp (NASDAQ:LKQ)
CAPS Rating:
The Company provides replacement systems, components, and parts needed to repair light vehicles.
The Company provides replacement systems, components, and parts needed to repair light vehicles.
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Recs
I recently toured an LKQ yard and Keystone plant. They are doing great things. The Keystone plant was as busy as could be, running at full capacity refinishing bumpers and wheels. The LKQ yard was full of cars, and when the price of scrap rises, they will be even better. They make the most out of everything, from selling small parts and radios on eBay (seriously) to doing full fronts and rears. They have started a barcoding system to better inventory parts and all and all seam to be on the rise. LKQ recently (year or so) bought Keystone, making a really solid company that has become a favorite of many shops and insurance companies. I see LKQ benefiting from the troubled auto market, but also staying on top when the auto industry begins to pickup, after all, more cars on the road does mean more accidents and hence more business.