LKQ reports weak preliminary Q3 results, withdraws guidance and names new CEO

LKQ expects third-quarter 2026 revenue of $3.32 billion, down from $3.50 billion a year earlier, with a net loss of $16 million to $32 million and adjusted diluted EPS of $0.47 to $0.53; results include $111 million of non-cash impairment charges. Europe was the main weakness, with organic revenue down 9.8% and segment EBITDA margin of 4.1% to 5.1%, partly due to Germany’s ERP implementation and volume declines in the U.K. and Benelux. Justin Jude is departing as CEO, Salvatore A. Abbate will become CEO on December 15, 2026, Alvarez & Marsal will advise on European operations, and LKQ withdrew its full-year 2026 guidance ahead of reporting final results on October 29.