LKQ, Corp.
Cashless Clunker
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LKQ, Corp.
Cashless Clunker
Download Report 2

Research Overview

INDEX:
S&P 500
Sector:
Industrials
Position:
Short
Date:
Jan 15, 2014

After conducting a forensic financial and accounting review, Spruce Point (fka Prescience Point) believes LKQ Corp (Nasdaq: LKQ), a car repair company, is experiencing massive margins due to problems with their new growth story and dramatic overvaluation with a history of fraud and failure. Based on our investigation, we estimate 50% to 70% downside risk, or $10.00 - $15.00 per share

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