LKQ Q3 revenue falls 5.1%
LKQ•LKQ's third-quarter revenue fell 5.1% year over year, and adjusted EPS of $0.50 missed the $0.56 analyst consensus. The company cited weakness in Europe and repurchased $30 million in shares while extending its buyback program by two years.
1. Quarterly results
LKQ reported a 5.1% year-over-year decline in third-quarter revenue. Adjusted earnings per share were $0.50, below the $0.56 consensus, while the company reported a loss per share of $0.09.
2. Factors and outlook
LKQ cited operational issues related to its ERP implementation in Germany and volume declines in the UK and Benelux. North America performed in line with expectations despite softer demand. The company recorded $111 million in pre-tax, non-cash impairment charges.
3. Company actions
LKQ repurchased $30 million in shares and extended its buyback program by two years. It had previously withdrawn its full-year 2026 guidance, last updated July 30, 2026, and said new leadership will conduct a comprehensive business assessment. The board suspended its strategic review, including the Specialty segment sales process.
