LKQ Corporation (LKQ)

The company now

LKQ Corporation said on 23 October 2026 that its third-quarter revenue is expected to be $3.32 billion, compared with $3.50 billion a year earlier 1.

The company expects a net loss of $16 million to $32 million for the quarter, including $111 million of non-cash impairment charges, against net income of $178 million a year earlier 1.

The release says the weakness came mainly from Europe, where operational disruptions tied to a new computer system in Germany, plus volume declines in the United Kingdom and Benelux, cut results 1.

On the same day the board named Salvatore Abbate chief executive from 15 December 2026, replacing Justin Jude, who left at once 23.

LKQ also withdrew its full-year 2026 guidance, hired Alvarez & Marsal to advise on European operations, and set 29 October 2026 for its full third-quarter report 1.

In the second quarter Europe's parts and services revenue fell $154 million, or 9.6 percent, and the filing blames lower volumes after an ERP (company-wide planning software) rollout in Germany 5.

The board's review of strategic alternatives, which the annual report says includes a potential sale of the company, remains open 14.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.