LKQ CORP — Form 8-K
Filed October 23, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 78/100
What the filing says
LKQ reported Q3 2026 revenue of $3.32B (down 5.4% organic), a net loss of $16–32M (vs. $178M profit YoY), and adjusted EPS of $0.47–0.53 (vs. $0.84). Europe segment collapsed with 9.8% organic revenue decline and 4.1–5.1% EBITDA margin (vs. 10.0%). CEO Justin Jude departed effective immediately; Salvatore Abbate appointed CEO effective December 15, 2026. Company withdrew full-year 2026 guidance and retained Alvarez & Marsal to stabilize European operations.
Why this rating
Major CEO transition + earnings collapse + Europe deterioration + guidance withdrawal = material reset. Event is ~0.3–0.4% of market cap in impairment but signals deep operational trouble and strategic uncertainty requiring turnaround.
Tradability signal
SHORT
conviction 36/100 · expected -0.42% over 4 hrs
SHORT (drift): bad news keeps sliding after dissemination — our one persistent measured edge. Similar past filings (55 in this cell) moved +0.61% in the called direction over 4 hrs; shrunk for sample size that's a +0.42% edge. Price is down 12.9% since the filing hit EDGAR — the slide has begun. Exit plan: HARD stop 8% against entry — 1.4× this stock's measured hourly volatility, fixed, not trailing (trails test terribly on these names) — time exit 4 hrs. (Filing arrived outside market hours — evaluated at the next open with a live quote.)
Derived from this site's own measured outcomes + live price/liquidity at analysis time. An experiment, not investment advice.
Price action (we called it negative)
before filing · preread $20.10 ▲ 14.46% | at our read · unknown $17.56 | +10 min · unknown $17.98 ▲ 2.36% | +30 min · unknown $18.10 ▲ 3.08% | +1 hr · unknown $17.73 ▲ 1.00% | +4 hrs pending |
The stock had already moved -12.64% between hitting EDGAR and our read finishing — deltas above are measured from our read.
Quotes via Yahoo Finance at capture time; for filings arriving outside market hours the clock starts at the next open. Not investment advice. How accurate are our calls? →
See more from October 23, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.