LKQ Corporation – LKQ – Announces Two-For-One Stock Split

Nasdaq:LKQ) announced that its Board of Directors approved a two-for-one split of the Company’s common stock. Each stockholder of record at the close of business on August 28, 2012 will receive an additional share for every outstanding share held on the record date, and trading will begin on a split-adjusted basis on September 19, 2012.

The split is the third since LKQ began trading publicly in 2003. After accounting for the previous two splits, one share of common stock of LKQ purchased in 2003 at the initial public offering price of $13 would be worth approximately $150 based on yesterday’s closing price.

About LKQ Corporation – LKQ

LKQ Corporation is the largest nationwide provider of aftermarket, recycled, and refurbished collision replacement parts, and a leading provider of mechanical replacement parts including remanufactured engines, all in connection with the repair of automobiles and other vehicles. LKQ also has operations in the United Kingdom, Canada, Mexico and Central America. LKQ operates more than 460 facilities, offering its customers a broad range of replacement systems, components and parts to repair automobiles and light, medium and heavy-duty trucks.

LKQ Corporation (LKQ) provides replacement parts, components and systems needed to repair vehicles (cars and trucks). The Company operates in four segments: Wholesale-North America Wholesale-Europe, Self Service and Heavy-Duty Truck. Buyers of vehicle replacement products have the option to purchase from primarily five sources: new products produced by original equipment manufacturers (OEMs), which are known as OEM products; new products produced by companies other than the OEMs, which are sometimes referred to as aftermarket products; recycled products originally produced by OEMs, which it refers to as recycled products; used products that have been refurbished; and used products that have been remanufactured. October 1, 2011, it acquired Euro Car Parts Holdings Limited (ECP). On May 27, 2011, it acquired AkzoNobel Coatings Inc.’s paint distribution business. In February 2012, the Company announced that it had acquired Pieces Automobiles Lecavalier Inc.

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Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.