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LKQ (LTS:0JSJ) Deferred Policy Acquisition Costs


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What is LKQ Deferred Policy Acquisition Costs?

Deferred Policy Acquisition Costs only applies to banks and insurance companies.

LKQ Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » LKQ Corp (LTS:0JSJ) » Definitions » Deferred Policy Acquisition Costs
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Address
500 West Madison Street, Suite 2800, Chicago, IL, USA, 60661
Website
https://www.lkqcorp.com
Since forming in 1998 to consolidate the auto salvage business in the United States, LKQ has developed into a leading distributor of aftermarket and recycled auto parts with around 1,700 facilities across North America and Europe. The company primarily sells into the professional channel and offers an assortment of collision and mechanical parts to both body shops and mechanical repair shops. It also continues to operate more than 70 LKQ pick-your-part junkyards. Separate from the self-service business, LKQ typically purchases around 250,000 salvage vehicles annually that are used to extract vehicle parts for resale.