8-KItem 2.02 · Results of OperationsItem 5.02 · Officer/Director ChangeItem 7.01 · Reg FD DisclosureItem 9.01 · Financial Statements
LKQ replaces CEO, withdraws 2026 guidance after weak European results
Filed with the SEC on · Summarized by InvestorsBot
LKQ expects third-quarter 2026 revenue of $3.32 billion, down from $3.50 billion a year earlier, with adjusted diluted EPS of $0.47-$0.53 versus $0.84 and a reported net loss of $16 million-$32 million, including $111 million in non-cash impairment charges. The company said Europe underperformed, with organic revenue down 9.8% and EBITDA margin of 4.1%-5.1%, and appointed Salvatore Abbate as CEO effective December 15 after Justin Jude’s departure; LKQ also replaced its European leader, hired Alvarez & Marsal, withdrew full-year 2026 guidance, and said it is reviewing strategic alternatives.