Quarterly ResultOct 29, 2026, 05:06 PM
LKQ Corp Reports Q3 Net Loss of $27M vs. $180M Profit
AI Summary
LKQ Corp reported a net loss of $27 million for the third quarter of 2026, a significant decline from a net income of $180 million in the same period of 2025. Revenue also decreased to $3,319 million from $3,499 million year-over-year. For the first nine months of 2026, net income fell to $189 million from $542 million in 2025, with revenue slightly down to $10,196 million. The company recorded an $88 million goodwill impairment charge for its Specialty reporting unit and completed several acquisitions totaling $116 million. Additionally, LKQ Corp is in the process of selling its Romanian operations, which resulted in a $23 million impairment charge.
Key Highlights
- LKQ Corp reported a net loss of $27 million ($0.10 EPS) for Q3 2026, compared to a net income of $180 million ($0.70 EPS) in Q3 2025.
- For the nine months ended September 30, 2026, LKQ Corp reported net income of $189 million ($0.74 EPS), down from $542 million ($2.10 EPS) in the same period of 2025.
- Revenue for Q3 2026 was $3,319 million, a decrease from $3,499 million in Q3 2025.
- Nine-month revenue for 2026 was $10,196 million, down from $10,339 million in 2025.
- Goodwill impairment of $88 million was recorded for the Specialty reporting unit in Q3 2026.
- LKQ Corp completed six acquisitions in Europe, one in North America, and one in Specialty during the first nine months of 2026 for a total of $116 million.
- The company is selling its Romanian operations, recording a $23 million impairment charge.
- Net cash provided by operating activities for the nine months ended September 30, 2026 was $466 million, down from $733 million in 2025.
Price Impact
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