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LKQ Q3 revenue falls 5.1%

By Reuters News


Overview

  • Auto parts distributor's Q3 revenue fell 5.1% yr/yr, citing weakness in Europe

  • Adjusted EPS for Q3 missed analyst expectations

  • Company repurchased $30 mln in shares and extended buyback program by two years


Outlook

  • LKQ previously announced it is withdrawing its full-year 2026 guidance, last updated on July 30, 2026

  • Company says new leadership will conduct a comprehensive assessment of the business

  • Board has suspended the strategic review, including the Specialty segment sales process


Result Drivers

  • EUROPEAN WEAKNESS - Co said results were hurt by operational issues related to ERP implementation in Germany and volume declines in UK and Benelux

  • NON-CASH IMPAIRMENT CHARGES - Co recorded $111 mln in pre-tax non-cash impairment charges, impacting net results

  • SOFT DEMAND IN NORTH AMERICA - North America performed in line with expectations despite a softer demand environment, per CFO


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Adjusted EPS

Miss

$0.50

$0.56 (9 Analysts)

Q3 Loss Per Share

$0.09


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

  • Wall Street's median 12-month price target for LKQ Corp is $25.00, about 45.4% above its October 28 closing price of $17.19

  • The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago


Reuters Recommended Reads

  • Oct 28 - Group 1 Automotive Q3 revenue falls 6.7%, misses estimates

  • Oct 28 - Penske Q3 revenue tops estimates on used vehicle demand

  • Oct 27 - Nokian Tyres Q3 profit jumps on pricing, costs


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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