LKQ Corporation Buyback
OLI recorded this information on 10/31/2019
Company:
LKQ Corporation
Buyback:
LKQ buyback
$Amount Authorized:
$1,000,000,000
Buyback Details:
LKQ Corporation (Nasdaq:LKQ) today announced that its Board of Directors has authorized a $500 million increase and a one year extension to its stock repurchase program, raising the aggregate authorization under the program to $1 billion and authorizing repurchases through October 25, 2022. Since the Company implemented the stock repurchase program in October 2018, the Company has repurchased approximately 13.2 million shares of the Company's common stock for approximately $352 million. At September 30, 2019, the Company had 306 million shares of common stock outstanding.
LKQ is a holding company. Through its subsidiaries, Co. is a global distributor of vehicle products, including replacement parts, components, and systems used in the repair and maintenance of vehicles, and specialty products and accessories. Co. distributes a variety of products to collision and mechanical repair shops, including aftermarket collision and mechanical products; recycled collision and mechanical products; refurbished collision products such as wheels, bumper covers and lights; and remanufactured engines and transmissions. In addition to its wholesale operations, Co. operates self service retail facilities that sell recycled automotive products from end-of-life vehicles.
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Avg. Broker Rec.
 
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Strong Buy (3.62 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: LKQ Stock Forecast Based on Zacks ABR data; powered by Xignite |
