LKQ (NASDAQ:LKQ) misses Q3 2026 revenue estimates

Jefferies maintained a Buy rating and $30 price target on LKQ Corp. (LKQ) despite Q3 earnings missing estimates. LKQ reported adjusted EPS of $0.50, below forecasts of $0.70, due to European disruptions and weak North American collision sales. The company withdrew 2026 guidance and suspended its strategic review. LKQ stock trades at $18.10, near its 52-week low, with a 6.63% dividend yield.

LKQ Corp reported Q3 2026 revenue of $3.3B, down 5.1%, with EPS at -$0.09, including non-cash charges. Adjusted EPS fell to $0.50 from $0.84. Europe saw a 9.8% revenue decline due to ERP disruptions. LKQ suspended 2026 guidance and strategic reviews. North America revenue declined 2.4%. CFO Rick Galloway discussed recovery efforts and challenges.

LKQ reported Q3 2026 revenue of $3.32B, down 5.1% YoY, and a net loss of $27M, compared to a profit of $180M a year prior. Diluted EPS was -$0.1. Revenue declines were seen in parts, services, and Europe, while specialty revenue rose 1.9%. The company completed Germany's ERP implementation and suspended its Specialty sales process.

LKQ Corporation reported Q3 2026 results, with North America achieving margin expansion despite lower revenue, while Europe faced a $95M revenue loss due to ERP implementation issues. The company suspended full-year guidance and strategic reviews, appointing Sal Abbate as CEO. Management expects to focus on operational stabilization and market share recovery. Capital allocation remains focused on shareholder returns and balance sheet strength.

LKQ Corporation reported disappointing Q3 2026 results, citing operational challenges, particularly in Europe. The Board announced leadership changes, including appointing Sal Abbate as CEO. The company suspended its 2026 guidance and paused its strategic review. North America saw a 2.4% organic revenue decline, while Europe faced service and operational issues. Specialty segment grew by 90 basis points.

LKQ Corporation reported Q3 earnings, highlighting operational challenges in Europe, including a 9.8% organic revenue decline in Europe Parts and Services. The company suspended its strategic review and withdrew 2026 guidance. North America saw improved margins despite lower sales. Specialty revenue growth slowed, and cash flow remained positive. LKQ repurchased shares and declared a dividend.