User 361505

Cramer's Lightning Round - We Need a President (2/19/09)

LKQ buys from Copart, but they are completely different businesses. Copart sells total loss vehicles for insurance companies while LKQ buys them and dismantles them for resale as parts, primarily to insurance companies and other dealers for repair and rebuilding of wrecked vehicles. LKQ also buys from IAA, TRA and numerous independent salbvage auctions across the country. There are other avenues for acquiring vehicles, but auctions like Copart and IAA (the market leader BTW) are the primary source.