LKQ Hits the Gas on Sales Gains, Acquisitions
If you have an older vehicle, you understand all too well the need for high-quality auto parts. LKQ (NASDAQ: LKQ) has worked to build itself a niche in the parts industry by providing a wider assortment of alternative and specialty auto parts and accessories for various types of vehicles. That's been a recipe for success during a strong period for the auto industry more broadly.
Coming into Thursday's third-quarter financial report, LKQ investors expected the company to post weak earnings and revenue figures, reflecting some of the concerns across the industry about whether the long cyclical boom could be coming to an end. Instead, LKQ was able to grow its business more strongly than most had expected, and it sees good times ahead. Let's take a closer look at LKQ's report to see what's coming down the road for the auto parts specialist.
Image source: LKQ.
Source: Fool.com
