5 Best Car Repair Stocks to Buy Now

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In this article, we discuss 5 best car repair stocks to buy now. If you want to read our discussion on the auto industry, head directly to 12 Best Car Repair Stocks to Buy Now

5. LKQ Corporation (NASDAQ:LKQ)

Number of Hedge Fund Holders: 33

LKQ Corporation (NASDAQ:LKQ) is involved in the distribution of replacement parts, components, and systems for vehicle repair and maintenance, along with specialty vehicle aftermarket products and accessories. Additionally, LKQ Corporation (NASDAQ:LKQ) provides products for recreational vehicles, towing, vehicle protection, marine electronics, and more. It is one of the best automotive stocks to invest in. 

On October 26, LKQ Corporation (NASDAQ:LKQ) reported a Q3 non-GAAP EPS of $0.86, falling short of Wall Street estimates by $0.10. The revenue increased 15% year-over-year to $3.6 billion, outperforming market consensus by $110 million. 

According to Insider Monkey’s third quarter database, 33 hedge funds were bullish on LKQ Corporation (NASDAQ:LKQ), compared to 32 funds in the preceding quarter. Cliff Asness’ AQR Capital Management is the leading stakeholder of the company, with 868,345 shares worth $43 million. 

Aristotle Small/Mid Cap Equity Strategy stated the following regarding LKQ Corporation (NASDAQ:LKQ) in its fourth quarter 2023 investor letter:

“LKQ Corporation (NASDAQ:LKQ), a North American market leader in alternative collision repair parts with expertise stemming across used, recycled, refurbished, and remanufactured collision repair parts as well as the market for (new) aftermarket collision repair, was added to the portfolio. Overall, we believe the company maintains favorable scale advantages that allow for volume purchase discounts from suppliers and a wider distribution network, higher fill rates, and faster response times relative to competition. Furthermore, the company has made investments in improving its technology and logistics network beyond that of its smaller competitors, which we believe will further cement its market position through technological sophistication.”

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