LKQ Suspends Strategic Review as Third-Quarter Revenue and Profit Fall

LKQ suspended its strategic review, including the Specialty segment sales process, on October 29, 2026, giving incoming CEO Sal Abbate, who starts December 15, time to assess the business and value-creation options. Third-quarter revenue fell 5.1% to $3.3 billion, while the company reported a $24 million net loss, or $0.09 per diluted share, compared with $178 million of net income and $0.69 per share a year earlier; adjusted EPS was $0.50 versus $0.84. LKQ withdrew its full-year 2026 guidance on October 23, and cited European operational issues tied to a Germany ERP implementation and volume declines in the U.K. and Benelux.