LKQ Stock Added to S&P 500 Index Component

LKQ Corporation

revealed that S&P Dow Jones Indices added its stock to the S&P 500 Index component, effective at the close of trading May 20. The S&P 500 is one of the most widely used benchmarks as far as the equity performance is concerned in the United States and is held broadly by U.S. and international index funds. The broader index consisted of 500 stocks selected for market size, liquidity and industry grouping, among other factors. LKQ said that it has been added as a constituent to the S&P 500 GICS (Global Industry Classification Standard) Distributors Sub-Industry Index. Its president and CEO, Robert Wagman, commented, "We are honored to be part of such a prestigious Index with some of the world's largest and most respected companies. 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." The stock traded 1.81 percent higher on Monday.