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LKQ Corp

LKQ: XNAS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$33.60WhkjwysNzqfcrcf

We Expect a Solid Year From LKQ in 2024, Thanks to Operational Improvements

Business Strategy and Outlook

LKQ is the top alternative vehicle-parts provider to repair shops in North America and Europe. We believe the company benefits from scale-driven cost advantages in its business. Customers value LKQ’s consistent parts availability across a wide range of products and quick delivery. LKQ helps customers complete repairs faster, improving productivity. We think the company’s strong distribution network will support its ability to keep order fulfillment rates high in both aftermarket and salvage products.

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