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LKQ Corp (LKQ) Q4 2020 Earnings Call Transcript


LKQ Corp (LKQ) Q4 2020 Earnings Call Transcript
Motley Fool Transcribers
© The Motley Fool
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LKQ Corp (NASDAQ: LKQ)
Operator
Good morning, my name is Chris and I will be your conference operator today. At this time, I would like to welcome everyone to the LKQ Corporation s Fourth Quarter and Full Year 2020 Earnings Conference Call. [Operator Instructions] After the speakers remarks, there will be a question-and-answer session. [Operator Instructions]
I would now like to turn the call over to Joe Boutross, Vice President of Investor Relations for LKQ Corporation. You may begin your conference.
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and w ....

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LKQ Corporation Expands Its Services Business Under a Single Brand Name With Elitek Vehicle Services


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LKQ Corporation today announced that it is bringing its two mobile automotive services businesses together under a single brand, known as Elitek® Vehicle Services (“Elitek”).
Since acquiring Elite Electronics and VeTech Automotive Electronics in 2019, LKQ organically grew to become the largest U.S. provider of mobile, on-site vehicle services to automotive collision repairers, mechanical repairers and national fleets.
Elitek provides a full array of repair solutions including diagnostics and calibration, re-flashing, programming, pre and post collision repair diagnostics, airbag replacements, theft and vandalism repair, frame replacements, air conditioning service, and other mechanical services.
Increasing vehicle technology leads to more complex repairs. Elitek partners with the repair community to repair and calibrate vehicle electronics including ADAS systems, thus becoming a tr ....

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