LKQ CORP — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 72/100
What the filing says
LKQ Corporation reported Q3 2026 revenue of $3.3 billion, down 5.1% YoY ($180M decline), with net loss of $24 million versus net income of $178 million in Q3 2025. The company posted $111 million in impairment charges (goodwill $88M, assets held for sale $23M). Diluted EPS fell to -$0.09 from +$0.69. The Board appointed Salvatore Abbate as new CEO (effective December 15, 2026), engaged turnaround consultant Alvarez & Marsal, suspended the Specialty segment sale process, withdrew full-year 2026 guidance, and cited operational issues in Europe (ERP implementation in Germany, UK/Benelux declines) and weakness in Specialty as key drivers. Total debt is $3.7 billion (2.8x leverage).
Why this rating
Material operational deterioration (5% revenue drop, 78% EPS swing) and strategic disruption (CEO replacement, guidance withdrawal, impairments) represent 1–2% of $9.5B market cap in charges plus earnings pressure, coupled with loss of strategic clarity. Significant but not existential.
Price action (we called it negative)
before filing · preread $17.63 | at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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