Company profile

Future of LKQ

#
Rank
910
| Quantumrun Global 1000

LKQ Corporation is a US auto parts company. It concentrates its efforts in offering wholesale refurbished and used auto parts through its subsidiaries across America and the globe. It also operates facilities selling recycled automotive products.

Home Country:
Sector:
Industry:
Wholesalers - Diversified
Website:
Founded:
1998
Global employee count:
42500
Domestic employee count:
20500
Number of domestic locations:

Financial Health

Revenue:
$8584031000 USD
3y average revenue:
$7505576000 USD
Operating expenses:
$2588305000 USD
3y average expenses:
$2239750667 USD
Funds in reserve:
$227400000 USD
Revenue from country
0.52
Revenue from country
0.34

Asset Performance

  1. Product/Service/Dept. name
    Product (United States)
    Product/Service revenue
    5226918000
  2. Product/Service/Dept. name
    Product (other countries)
    Product/Service revenue
    1966338000
  3. Product/Service/Dept. name
    Product (United Kingdom)
    Product/Service revenue
    1390775000

Innovation assets and Pipeline

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the wholesale sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the projected economic growth within the African and Asian continents over the next two decades, spurred largely by massive population and internet penetration growth forecasts, will result in a significant increase in regional and international commerce/trade.

*RFID tags, a technology used to track physical goods remotely since the 80s, will finally lose their cost and technology limitations. As a result, manufacturers, wholesalers, and retailers will begin placing RFID tags on every individual item they have in stock, regardless of price. Thus, RFID tags, when coupled with the Internet of Things (IoT), will become an enabling technology, enabling the enhanced inventory awareness that will result in significant new investment in the logistics sector.

*Autonomous vehicles in the form of trucks, trains, planes, and cargo ships will revolutionize the logistics industry, allowing cargo to be delivered faster, more efficiently, and more economically. Such technological improvements will encourage greater regional and international trade that wholesalers will manage.

*Artificial intelligence (AI) systems will take over more and more of the administrative tasks and logistics management associated with purchasing items in bulk, shipping them across borders, and delivering them to end buyers. This will result in reduced costs, layoffs of white-collar workers, and a consolidation within the marketplace since larger wholesalers will afford advanced AI systems long before their smaller competitors.

COMPANY’S FUTURE PROSPECTS

Company Headlines