LKQ Q3 revenue misses estimates on Europe underperformance
LKQ•LKQ’s preliminary third-quarter revenue was $3.32 billion, below the $3.41 billion analyst estimate, and adjusted EPS declined from a year earlier. The company withdrew its 2026 guidance, citing European underperformance and operational disruptions.
1. Revenue and guidance
LKQ reported preliminary third-quarter revenue of $3.32 billion, missing the $3.41 billion consensus estimate from eight analysts. Preliminary adjusted EPS declined from the prior year. The company withdrew its full-year 2026 guidance following European underperformance and leadership changes.
2. European operations
LKQ said significant underperformance in its Europe segment primarily drove the results, citing ERP implementation issues in Germany and volume declines in the UK and Benelux. It retained Alvarez & Marsal to advise on European operations, with a focus on stabilizing operations and improving performance. The company said it would provide additional updates on its strategic alternatives process as appropriate.
