LKQ Corp. (LKQX) was incorporated in 1998 and went public in October 2003. Since that time, the company represents the quintessential example of a recession-proof business. LKQ Corp. provides replacement parts and components to repair wrecked cars and light trucks. It has primarily operated in the United States, but recently announced that it has purchased Euro Car Parts, the largest distributor of automotive after-market parts in the United Kingdom. Although LKQ Corp. has derived significant growth through a combination of acquisitions and organic growth, this acquisition provides an opportunity for significant additional growth as it expands beyond the U.S. market.
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