LKQ Corporation partners with Ecobility Services to launch a rooftop solar system in Germany, enhancing sustainability efforts.
Quiver AI Summary
LKQ Corporation has partnered with Ecobility Services GmbH to install a large rooftop solar power system at its logistics center in Sulzbach-Rosenberg, Germany, under a 20-year Power Purchase Agreement. The solar installation will cover over 12,000 square meters with more than 6,000 photovoltaic modules, generating approximately 2.7 gigawatt hours of electricity annually, which will supply up to 50% of the site's energy needs and save about 1,000 metric tonnes of greenhouse gas emissions per year. This project aligns with LKQ's sustainability goals and greenhouse gas emissions reduction strategy, with installation expected to begin in October 2025 and be completed by mid-2026. The initiative is part of LKQ's broader commitment to energy optimization and the circular economy in the DACH region.
Potential Positives
- LKQ Corporation has announced a significant partnership with Ecobility Services GmbH to implement a large-scale rooftop solar power system, reinforcing its commitment to sustainability and greenhouse gas emissions reduction.
- The rooftop solar system is expected to cover up to 50 percent of the site's electrical energy demand, enhancing energy efficiency at their central logistics centers in Germany.
- This initiative will save the equivalent of up to 1,000 metric tonnes of greenhouse gas emissions annually, showcasing LKQ's proactive approach to environmental responsibility.
- Implementation of the solar power system aligns with LKQ's long-term strategy to explore renewable energy solutions through Power Purchase Agreements, positioning the company as a leader in sustainable practices within its industry.
Potential Negatives
- Dependency on a long-term Power Purchase Agreement (PPA) may expose LKQ to future market fluctuations in energy prices.
- The project timeline extending to mid-2026 may signal delays in immediate sustainability impacts, potentially affecting stakeholder expectations.
- The partnership relies heavily on Ecobility Services GmbH for execution and maintenance, which could pose risks if the partner fails to deliver as promised.
FAQ
What is the purpose of LKQ Corporation’s partnership with Ecobility Services GmbH?
The partnership aims to implement a large-scale rooftop solar power system to enhance sustainability at LKQ's logistics centers in Germany.
How much electricity will the solar system generate annually?
The rooftop solar power system is expected to generate around 2.7 gigawatt hours of electricity each year.
What are the environmental benefits of LKQ's solar project?
The system can save up to 1,000 metric tonnes of greenhouse gas emissions annually compared to conventional grid electricity.
When will the installation of the solar system begin and end?
Installation of the solar system is expected to start in October 2025 and be completed by mid-2026.
What is LKQ’s broader sustainability strategy?
LKQ’s strategy includes GHG emissions reduction through energy optimization, electric fleets, alternative fuels, and circular economy practices.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LKQ Insider Trading Activity
$LKQ insiders have traded $LKQ stock on the open market 5 times in the past 6 months. Of those trades, 4 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $LKQ stock by insiders over the last 6 months:
- XAVIER URBAIN purchased 15,000 shares for an estimated $481,756
- JUSTIN L JUDE (President and CEO) has made 2 purchases buying 8,377 shares for an estimated $278,751 and 0 sales.
- DOMINICK P ZARCONE sold 5,000 shares for an estimated $190,119
- ANDREW C CLARKE purchased 5,000 shares for an estimated $159,773
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LKQ Hedge Fund Activity
We have seen 304 institutional investors add shares of $LKQ stock to their portfolio, and 348 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- LYRICAL ASSET MANAGEMENT LP added 3,086,967 shares (+inf%) to their portfolio in Q2 2025, for an estimated $114,248,648
- KINGSTONE CAPITAL PARTNERS TEXAS, LLC removed 2,741,220 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $83,716,858
- PZENA INVESTMENT MANAGEMENT LLC added 1,779,315 shares (+176.9%) to their portfolio in Q2 2025, for an estimated $65,852,448
- RIVER ROAD ASSET MANAGEMENT, LLC removed 1,575,181 shares (-46.1%) from their portfolio in Q2 2025, for an estimated $58,297,448
- ENGINE CAPITAL MANAGEMENT, LP removed 1,266,614 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $46,877,384
- ZURCHER KANTONALBANK (ZURICH CANTONALBANK) added 1,100,342 shares (+296.9%) to their portfolio in Q2 2025, for an estimated $40,723,657
- FMR LLC removed 1,071,059 shares (-28.1%) from their portfolio in Q2 2025, for an estimated $39,639,893
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$LKQ Analyst Ratings
Wall Street analysts have issued reports on $LKQ in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Baird issued a "Outperform" rating on 07/25/2025
- Barrington Research issued a "Outperform" rating on 07/22/2025
To track analyst ratings and price targets for $LKQ, check out Quiver Quantitative's $LKQ forecast page.
$LKQ Price Targets
Multiple analysts have issued price targets for $LKQ recently. We have seen 2 analysts offer price targets for $LKQ in the last 6 months, with a median target of $51.0.
Here are some recent targets:
- Craig Kennison from Baird set a target price of $42.0 on 07/25/2025
- Gary Prestopino from Barrington Research set a target price of $60.0 on 07/22/2025
Full Release
ANTIOCH, Tenn., Oct. 21, 2025 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ), today announced that it has partnered with Ecobility Services GmbH to implement a large-scale rooftop solar power system at its central logistics centers in Sulzbach-Rosenberg, Germany.
The project will be delivered through a 20-year Power Purchase Agreement (PPA), representing a key step in LKQ’s broader sustainability and long-term greenhouse gas emissions reduction strategy.
Covering more than 12,000 square metres, the system will feature over 6,000 photovoltaic modules and is expected to generate around 2.7 gigawatt hours of electricity annually, covering up to 50 percent of the site’s electrical energy demand.
The system is also capable of saving the equivalent of up to 1,000 metric tonnes of GHG emissions per year compared with conventional grid electricity.
Richard Brasher, Vice President, Sustainability at LKQ Corporation, said: “In our 2024 Sustainability Report, we committed to the exploration of PPAs in our central distribution centers to complement our long-term commitment to deliver profitable and sustainable solutions as part of our GHG emissions reduction strategy. This initiative marks a significant step in this journey.”
Ecobility Services GmbH will oversee the planning, installation, operation, and maintenance of the rooftop photovoltaic system throughout the term of the agreement. Installation is expected to begin in October and completed by mid-2026.
Nicolas Holdschik, Managing Director of Ecobility Services GmbH, said: “With our latest photovoltaic project, we are sending a strong signal for sustainable energy supply in the commercial sector together with LKQ DACH. As a long-standing partner in the PV and LED sector, we are delighted to now be pursuing this path in the PPA model and look forward with confidence to the next 20 years of successful cooperation.”
The initiative contributes to LKQ’s long-term roadmap to reduce greenhouse gas emissions. This includes site-level energy optimization, transitioning to electric fleets and the use of alternative fuels where practical, and scaling circular economy practices. The DACH region - Germany, Austria, and Switzerland - continues to play a pioneering role as a testbed for innovations that can be rolled out across LKQ Corporation’s network.
About LKQ Corporation
LKQ Corporation ( www.lkqcorp.com ) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe, and Taiwan. LKQ offers its customers a broad range of OE recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles.
About Ecobility Services GmbH
Ecobility Services GmbH, based in Germany, provides sustainability-focused services that help companies improve energy efficiency, adopt clean technologies, and reduce carbon emissions across commercial and industrial operations.
Contact:
Joseph P. Boutross
Vice President, Investor Relations
LKQ Corporation
(312) 621-2793
