LKQ Corp (NASDAQ:LKQ)
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The Company provides replacement systems, components, and parts needed to repair light vehicles.
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The Company provides replacement systems, components, and parts needed to repair light vehicles.
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A well run company. They are much more customer friendly than the traditional salvage yard, and I think they are going to gain a huge amount of market share from local competitors as a result. Most salvage yards employees are dirty, rude, and act like they could care less if you purchased from them or not. And LKQ seems to be far more upfront and honest. Their self service parts prices are extremely competitive, about half of typical local prices, but I believe that they turn their inventory much faster and are able to sell more parts off each car before "crushing" them. They also operate wholesale yards which provide a great service to the professional automotive shops, body shops, etc. When GM wants $800 for a new fuel pump for a pickup, and LKQ has them for $20 (you have to remove it at that price), I would take a chance on a used part every time.