• LKQ average gross margin for 2023 was 40.63%, a 0% decline from 2022.
• LKQ average gross margin for 2022 was 40.63%, a 0.84% decline from 2021.
• LKQ average gross margin for 2021 was 40.29%, a 2.39% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.