LKQ Corporation (NASDAQ: LKQ) shares tumbled 10% after reporting preliminary Q3 2026 results that significantly missed Wall Street expectations. The automotive parts distributor projected revenue of $3.32 billion (vs. $3.41 billion consensus) and adjusted EPS of $0.47-$0.53 (vs. $0.69 consensus), leading to an anticipated net loss of $16M-$32M .
Key points:
- Organic revenue for parts and services fell 5.4% YoY, with European operations underperforming significantly (-9.8%).
- CEO Justin Jude and LKQ Europe President Andy Hamilton have departed, with Salvatore A. Abbate named new CEO.
- Full-year 2026 financial guidance has been withdrawn .
The disappointing results and leadership changes signal significant operational challenges, particularly in Europe.
LKQ stock tumbles 10% on weak Q3 results, CEO departure
STREETINSIDER.COMOct 23, 12:15 PM UTC
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