LKQ Preliminary Q3 Adjusted Earnings, Revenue Miss Estimates; Withdraws 2026 Outlook; Shares Fall Pre-Bell

MT Newswires Live10-23 20:46

LKQ (LKQ) reported preliminary Q3 adjusted earnings Friday of $0.47 to $0.53 per share.

Analysts polled by FactSet expect adjusted EPS of $0.58.

Revenue for the quarter is projected to be $3.32 billion. Analysts are expecting $3.41 billion.

Meanwhile, the company withdrew its full-year 2026 guidance following significant underperformance in its Europe segment.

LKQ also appointed Salvatore Abbate as president and chief executive, effective Dec. 15. Abbate will succeed Justin Jude, who is departing effective Friday.

The company plans to report its full Q3 results on Oct. 29.

Shares of LKQ were down 17% in recent premarket activity Friday.

Price: 18.65, Change: -3.82, Percent Change: -17.00

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