LKQ Corp. (LKQ), a provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, announced that S&P Dow Jones Indices added LKQ Corp. to the S&P 500 Index, effective at the close of trading on May 20.
The S&P 500 is one of the most widely used benchmarks of U.S. equity performance and is held broadly by U.S. and international index funds. First published in 1957, the S&P 500 Index consists of 500 stocks chosen for market size, liquidity and industry grouping, among other factors. LKQ Corp. has been added as a constituent to the S&P 500 Global Industry Classification Standard (GICS) Distributors Sub-Industry Index.
“We are honored to be part of such a prestigious Index with some of the world’s largest and most respected companies,” said Robert Wagman, president and CEO of LKQ Corp. “This achievement is a validation of our business model and our history of delivering consistent and profitable growth for our stockholders. It is also a tribute to the hard work and dedication of our more than 37,000 employees who helped make it happen.”