LKQ Corp Reports Q3 Loss, Suspends Strategic Review

LKQ Corporation reported a net loss of $24 million for the third quarter of 2026, a significant decline from a net income of $178 million in the same period last year. Revenue also decreased by 5.1% to $3.3 billion. The company cited weakness in its Europe segment, driven by operational issues and volume declines, as a primary factor. In a strategic move, LKQ announced the suspension of its previously announced strategic review, including the Specialty segment sales process, to allow the new leadership team to assess the business. Additionally, the company withdrew its full-year 2026 guidance. Despite the financial downturn, LKQ declared a quarterly cash dividend of $0.30 per share and continued its share repurchase program.