LKQ Corp (NASDAQ:LKQX)

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.

everything looks good

I believe LKQ Corporation will bring in 103.45 points considering a 15% S&P performance. My target is $ 3.42.

LKQ is the perfect option for the consumer in a down economy. Used and after market parts save people $$$$$$

Recently bought their largest competitor and latest Q still shows improvement. Continues to look at bolt-on acquisitions. Low cost producer that is rolling up the industry, supplying refurbished auto parts.

They are buying-up all their competition.

Mass of clunkers will lower scrap prices and increase comp for used parts

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.

They are in the right business at the right time, a growing company that is going into the peak winter months.

Parts are cheaper than new cars.

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Recycling aspect.

Illinois location, industrial "base".

This is one that has a consistent record of growth, particularlyy when times are tough.

First, a little about me. I was brought up in the auto repair business. My Grandfather, Father, myself, and my Uncle were auto repair mechanics. In 1987 after working for my dad and dealerships as a mechanic, tired of being greasy and sweaty, endlessly spending money on tools, I turned to being a partsman. I now work for a dealership with one of the the nation's largest collision centers and deal with LKQ on a daily basis. With over a million dollars in inventory at my dealership, I prefer to sell my own parts but, because of price, I have to call LKQ.

In all my life, I have never known an auto recycler with any business sense that didn’t live a prosperous life. The used auto parts market is HUGE and always has been. Auto recyclers buy totaled, wrecked cars from insurance companies for pennies on the dollar. They then dismantle these cars and sell the parts for huge profits. Right now with economy the way it is, insurance companies are seeking less expensive ways to repair their customer's cars involved in accidents. For instance, a car is brought to our shop after an accident. The insurance company writes an estimate. They compare the cost of a new part to the cost of a part to that to a part from a company such as LKQ. The part from LKQ is always less expensive and I have to buy the part from them. Auto owners and mechanical repair shops are also seeking less expensive ways to repair cars when mechanical repairs are needed such as engines, transmissions, axles, rims, trim, radios, almost everything you can think of can be sold from these salvage vehicles. After all usable parts have been sold, the rest can be recycled, like steel, platinum, etc...(all U.S. cars have all types of metals such as catalytic converters that contain platinum). Have you ever thought of how much copper wire is in an automobile?

In LKQ's description on MSN it reads LKQ is a provider of "light" vehicle parts. That does not mean "small" cars such as the the Mini Cooper. "Light vehicle" refers to all cars, trucks, and SUV's. However, LKQ is now venturing into the "heavy" market which is semi trucks that carry all of America's needs.

As far as new cars that are being designed to be more fuel efficient coming out now and in the future, there will always be wrecked/totaled vechicles no matter how old or how new the car is.

This company has approximately 300 locations across the US and Canada. Therefore, if they don’t have a particular part you need, it can be transferred from another location to you. If that is not available, they have also acquired aftermarket parts company Keystone, which is a preffered company by most insurance companies that can supply parts you need. All in one phone call.

I play LKQX both long and short but truly believe LKQX is a good investment and will be around for a long time. Analysts always seem to talk BWA and TRW when it comes to automotive stocks but I believe they need to take a harder look at LKQX as I believe is far more worth looking at.

If you would like to email me with questions, please do.

PEOPLE WILL KEEP CARS LONGER AND NEED PARTS/FUEL

Green car parts

risky short-term choice, but long term, O yes. i am in great company!!!!

i think with the higher costs of repairing vehicles with factory parts people are looking to get a in-expencive repair done and by using companies such as lkq they can acomplish this besides i would spend more of my money on a part that I know is helping our enviorment by recycling

In a time where the economy stinks, people will continue to repair those cars rather than buy new ones. This company is safe. The stock has been steady and seems to be headed in the right direction.