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Block & Leviton is investigating whether LKQ misled investors about its European operations and the rollout of a new enterprise software system in Germany.
The automotive parts-and-services company ousted its chief executive and launched a review of its European operations after a disappointing quarterly performance. Shares sank.
Salvatore A. Abbate appointed President and Chief Executive Officer Third quarter results reflect significant underperformance in Europe Alvarez & Marsal retained to advise Company on European operations Withdraws full-year 2026 guidance ANTIOCH, Tenn.
Proven distribution leader to sharpen execution, drive improved performance and create long-term shareholder value Proven distribution leader to sharpen execution, drive improved performance and create long-term shareholder value
LKQ Corporation remains a compelling buy despite recent revenue and profit declines, with shares trading at attractive valuations versus peers. Short-term weakness, especially in Europe due to ERP implementation issues, has pressured results but appears largely temporary rather than demand-driven. Management forecasts 2026 revenue down 1–3% and adjusted EPS of $2.60–$2.90, with ongoing strategic restructuring expected to enhance long-term profitability.
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LKQ faces a challenging market but retains market leadership in North America and Europe, with a 25% YTD share price decline. Strategic review, activist involvement, and potential divestitures could reshape LKQ's margin profile and unlock shareholder value. Guidance was lowered; adjusted EPS is now $2.6–$2.9, with valuation undemanding at 8.3x 2026 EPS and a 5.4% dividend yield.
ANTIOCH, Tenn., Oct. 05, 2026 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its third quarter 2026 financial results on Thursday, October 29, 2026.