What smart money is saying about LKQ Corporation
3 funds in our archive have pitched LKQ Corporation, most recently Aristotle Small Cap Equity in December 2025.
LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries. In addition, the company distributes recreational vehicle appliances and air conditioners, towing hitches, truck bed covers, vehicle protection products, cargo management products, wheels, tires, and suspension products. It serves collision and mechanical repair shops, and new and used car dealerships, as well as retail customers. The company operates in the United States, Canada, the United Kingdom, Germany, Belgium, the Netherlands, Luxembourg, Italy, the Czech Republic, Austria, Poland, Slovakia, Taiwan, and other European countries. LKQ Corporation was incorporated in 1998 and is headquartered in Chicago, Illinois.
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Position history
Between Q1 2025 and Q3 2026, 11 fund letters reported a position in LKQ Corporation, with 1 buy (opened or added) and 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 1 | 0 | 0 |
| Q2 2026 | 3 | 0 | 1 | 0 |
| Q1 2026 | 1 | 0 | 0 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q3 2025 | 0 | 0 | 0 | 1 |
| Q2 2025 | 4 | 0 | 0 | 0 |
| Q1 2025 | 1 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 11 positions · 2 moves
- New positionLiontrust Global Recovery FundSeptember 2026
“During the quarter we initiated new positions in Rathbones, BE Semiconductor and LKQ.”
LKQ Corporation - HoldsPolaris Capital Management Global Equity CompositeSeptember 2026
“In consumer discretionary, Sony Group reported solid quarterly results as operating profit rose on the back of image sensor and music profits; management also raised its forecast. Alibaba Group Holding bounced back after a difficult first half of 2026 as cloud revenue growth reached its fastest pace in 22 quarters and AI-related product revenue kept growing at triple-digit rates, allaying concern about AI capex. Booking Holdings pulled back on the risk of AI disruption (Meta’s new Muse AI agent) to online travel booking, and LKQ Corp. lost ground after trimming guidance on European weakness and German ERP disruption, though North American organic growth turned positive for the first time in nine quarters.”
LKQ Corporation - June 2026
Listed in Palm Valley Capital Management Palm Valley Capital Fund’s reported holdings.
LKQ Corporation - June 2026
“we also eliminated our position in LKQ Corporation (LKQ) as our initial thesis was not playing out.”
LKQ Corporation - June 2026
“Lastly, auto parts supplier LKQ posted modest declines as its turnaround efforts have yet to bear fruit.”
LKQ Corporation - HoldsPalm Valley CMMarch 2026
“For example, LKQ Corp. (ticker: LKQ), a leading global distributor of recycled and remanufactured vehicle parts, saw its stock fall on the day it announced a strategic review that could include selling the whole company.”
LKQ Corporation - June 2025
“On the positive side, nVent Electric, Pinterest and Ferguson Enterprises were top contributors.”
LKQ Corporation - June 2025
Listed in RS Large Cap Value Strategy’s reported holdings.
LKQ Corporation - June 2025
Listed in RS Concentrated All Cap Value Strategy’s reported holdings.
LKQ Corporation - June 2025
“Another top contributor during the quarter was LKQ Corporation (LKQ), a global distributor of aftermarket and recycled replacement parts for vehicle repair.”
LKQ Corporation - March 2025
Listed in RS Mid Cap Value Strategy’s reported holdings.
LKQ Corporation
Fund coverage · 3 theses
- Aristotle Small Cap EquityDecember 2025
LKQ Corporation is a leading alternative collision parts provider with scale, distribution, and technology/logistics advantages that reinforce its market position.
Read the full thesis - Palm Valley CMSeptember 2025
LKQ Corporation is the largest distributor of aftermarket and recycled auto parts in the U.S. and Europe, known for its extensive distribution network and resilience in recessionary markets despite recent challenges related to declining repairable claims.
Read the full thesis LKQ Corporation is an attractive investment opportunity in a leading vehicle parts distribution business undergoing a transformation, focusing on sustainable cash flow through salvage processes and returning significant capital to shareholders.
Read the full thesis
Read every full thesis on LKQ Corporation
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