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January 20, 2014
15:40 EDTLKQLKQ Corp. confirms patent lawsuit filed by Chrysler
LKQ Corporation confirmed that a complaint has been filed against it by Chrysler Group in the U.S. District Court in the Eastern District of Michigan. The lawsuit contends that certain aftermarket parts LKQ sells infringe Chrysler design patents relating to the Dodge Ram pickup truck. LKQ said, "We believe that the lawsuit is without merit and will defend it vigorously. Moreover, the parts we sell that allegedly relate to these design patents represent an immaterial amount of our revenue. They represent less than one-tenth of one percent (0.001) of our estimated 2013 total revenue and less than one-half of one-tenth of one percent (0.0005) of our estimated total revenue for all the years since the first patent was granted (2009 through 2013). We have forged mutually-beneficial business relationships with other auto manufacturers. As previously disclosed, we have had a license arrangement with Ford since 2009. The license arrangements allow us to sell aftermarket parts covered by certain patents in exchange for a license fee."
News For LKQ From The Last 14 Days
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September 18, 2014
11:59 EDTLKQLKQ Corp. management to meet with Barrington
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September 17, 2014
07:21 EDTLKQLKQ Corp. should be bought at current levels, says William Blair
William Blair believes the recent emergence of accident avoidance systems is a long-term incremental negative for the collision parts industry and LKQ Corp., not a "destructive near-term force." The firm expects the impact on collision activity will be modest over at least the next 10 years and likely over the next 40 years. It recommends buying shares of LKQ at current levels and keeps an Outperform rating on the stock.

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