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LKQ Corporation — Third Quarter 2026 Earnings Summary

  • Reported preliminary Q3 2026 revenue of $3.32 billion (down from $3.50 billion in Q3 2025) and a preliminary net loss of $16 million to $32 million, compared to $178 million net income in the prior year; adjusted diluted EPS ranged from $0.47 to $0.53 versus $0.84 previously.
  • Withdrew full-year 2026 guidance following significant underperformance in the Europe segment, which saw a 9.8% decline in organic revenue driven by ERP implementation disruptions in Germany and volume declines in the UK and Benelux.
  • Announced major leadership changes, including the immediate departure of CEO Justin Jude and the appointment of Salvatore A. Abbate as President and CEO effective December 15, 2026, alongside an interim leadership structure.
  • Engaged Alvarez & Marsal to advise on European operations to stabilize performance and improve cost discipline while conducting an ongoing strategic review of alternatives.
Company
LKQ CORP
Sector
Consumer Cyclical
Industry
Auto Parts