Every material Form 8-K LKQ has filed with the SEC since February 06, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
LKQ reported third-quarter 2026 revenue of $3.3 billion, down 5.1% from a year earlier, and a net loss of $24 million that included $111 million of pre-tax non-cash impairment charges, compared with net income of $178 million a year earlier. The company also withdrew its full-year 2026 guidance and its Board suspended the strategic review, including the Specialty segment sales process, while new CEO Sal Abbate starts December 15, 2026.
Q3 2026 revenue was $3.3 billion, down 5.1%; Europe revenue fell 10.2% and parts and services organic revenue fell 5.4%.
Q3 net loss of $24 million, including $111 million of impairment charges, versus net income of $178 million in Q3 2025.
Adjusted diluted EPS was $0.50 versus $0.84 a year earlier.
Full-year 2026 guidance was withdrawn on October 23, 2026; the Board suspended the strategic review, including the Specialty sale process, and Sal Abbate becomes CEO effective December 15, 2026.
LKQ preliminarily reported third-quarter 2026 revenue of $3.32 billion, down from $3.50 billion a year earlier, and a net loss of $16 million to $32 million, compared with net income of $178 million in the third quarter of 2025. The company cited underperformance in Europe, withdrew its full-year 2026 guidance, and replaced CEO Justin Jude with Salvatore A. Abbate, effective December 15, 2026, with an interim Office of the CEO in place until then.
Preliminary Q3 2026 revenue was $3.32 billion versus $3.50 billion in Q3 2025; parts and services organic revenue declined 5.4%.
Diluted loss per share of $0.06 to $0.12 compares with diluted EPS of $0.69 a year earlier; adjusted diluted EPS was $0.47 to $0.53 versus $0.84.
Europe parts and services organic revenue declined 9.8%, and Europe segment EBITDA margin was 4.1% to 5.1%, versus 10.0% a year earlier.
Full-year 2026 guidance, last updated July 30, 2026, is withdrawn; Andy Hamilton left LKQ Europe and Alvarez & Marsal was retained to advise on European operations.
LKQ reported second quarter 2026 revenue of $3.4 billion, down 3.0% from a year earlier, and diluted earnings per share from continuing operations of $0.52 versus $0.72. The company lowered its full-year 2026 diluted EPS outlook to $1.78 to $2.08 from $2.16 to $2.46, citing a slower-than-expected recovery in Europe after the ERP implementation in Germany. The strategic review, which includes a possible sale of the company, remains active with no set timetable.
Q2 2026 revenue was $3.4 billion, down 3.0% from $3.5 billion; parts and services organic revenue fell 5.1%
Q2 diluted EPS from continuing operations was $0.52 versus $0.72; adjusted diluted EPS was $0.67 versus $0.84
2026 diluted EPS outlook cut to $1.78 to $2.08 from $2.16 to $2.46; adjusted diluted EPS outlook cut to $2.60 to $2.90 from $2.90 to $3.20
Board's strategic review, announced January 2026, includes a possible sale of the company; no deadline or definitive timetable has been set
LKQ reported first quarter 2026 revenue up 4.3% to $3,469 million, but diluted EPS fell 50.8% to $0.30, including a $44 million impairment on its Mekonomen equity investment. The company cut its GAAP diluted EPS outlook to $2.16 to $2.46 from $2.35 to $2.65, while keeping its adjusted EPS outlook at $2.90 to $3.20, and said its board is reviewing strategic alternatives.
Q1 2026 revenue was $3,469 million, up 4.3% from $3,327 million; parts and services organic revenue fell 1.6%.
Q1 diluted EPS was $0.30 versus $0.61; adjusted diluted EPS was $0.67 versus $0.74, down 9.5%.
Full-year 2026 GAAP diluted EPS outlook was lowered to $2.16 to $2.46 from $2.35 to $2.65; adjusted diluted EPS outlook of $2.90 to $3.20 was unchanged.
Free cash flow was negative $96 million in Q1; the board declared a $0.30 per share dividend payable June 4, 2026.
LKQ Corporation disclosed that director Patrick Berard told the company on March 3, 2026 that he will not stand for re-election to the Board. He will remain a director until the 2026 Annual Meeting of Stockholders, expected in May 2026. The filing gives no reason for his decision and does not name a replacement.
Patrick Berard notified LKQ on March 3, 2026 that he declines re-nomination to the Board.
Berard remains a director until the 2026 Annual Meeting of Stockholders, expected in May 2026.
The filing does not state a reason for the decision or name a successor.
LKQ reported fourth quarter 2025 revenue of $3.3 billion, up 2.7%, but Q4 diluted EPS fell 50.0% to $0.29 and adjusted diluted EPS fell 24.4% to $0.59. For full year 2025, revenue declined 1.3% to $13.7 billion and diluted EPS fell 8.7% to $2.31, and the company gave 2026 guidance of $2.90 to $3.20 adjusted diluted EPS. The Board also started a strategic review of alternatives on January 26, 2026, with no deadline and no assurance of any transaction.
Q4 2025 diluted EPS $0.29 vs. $0.58 a year earlier; adjusted diluted EPS $0.59 vs. $0.78, which included a $35 million pre-tax legal settlement benefit in Q4 2024
Full year 2025 revenue $13.7 billion, down 1.3%; diluted EPS $2.31 vs. $2.53
2026 outlook: adjusted diluted EPS $2.90 to $3.20; free cash flow $700 million to $850 million; organic parts and services revenue growth of (0.5%) to 1.5%
Restructuring plan expected to bring $60 million to $70 million in charges and more than $50 million in annualized savings
LKQ amended its credit agreement on December 17, 2025, extending the revolving credit maturity date to December 17, 2030. It also extended the maturity of its CAD term loan to March 17, 2029, while the term loan under the main credit agreement remains due January 5, 2027. The filing describes the changes as administrative and does not state any new borrowing amount or change in pricing.
Revolving Credit Maturity Date extended to December 17, 2030 under Amendment No. 5
CAD Note Maturity Date extended to March 17, 2029 under CAD Note Amendment No. 4
Term Loan Maturity Date unchanged at January 5, 2027
Earlier amendments dated November 26, 2025 were filed as exhibits, covering a change to the definition of "UK Joint Venture"
LKQ Corporation disclosed that board member Jody G. Miller notified the company on November 2, 2025, of her decision to step down from its Board of Directors as of January 1, 2026. The filing does not state a reason or name a successor, and it contains no financial results or guidance.
Jody G. Miller notified LKQ on November 2, 2025 of her decision to step down from the Board.
Her departure from the Board takes effect January 1, 2026.
The filing does not give a reason for the departure or name a replacement director.
LKQ reported third quarter 2025 revenue of $3,499 million, up 1.3%, after closing the sale of its Self Service segment on September 30, 2025. Diluted earnings per share from continuing operations fell 2.8% to $0.69, and adjusted diluted EPS fell 2.3% to $0.84. The company raised the midpoint of its full-year 2025 adjusted EPS outlook by $0.07 and narrowed the range to $3.00 to $3.15, citing a one-time tax benefit in the quarter.
Q3 revenue was $3,499 million, up 1.3% from $3,453 million; parts and services organic revenue decreased 1.2%.
Diluted EPS from continuing operations was $0.69 versus $0.71; adjusted diluted EPS was $0.84 versus $0.86.
Full-year 2025 adjusted diluted EPS range narrowed to $3.00 to $3.15, with the midpoint raised by $0.07.
Returned $118 million to shareholders in Q3 ($40 million in buybacks, $78 million in dividends); a $0.30 quarterly dividend is payable December 4, 2025.
LKQ's board appointed John Mendel, a board member since August 2018, as Chairman effective immediately, succeeding Guhan Subramanian, who stepped down as Chairman and will retire from the board on January 1, 2026. The filing does not disclose financial results or changes to guidance, so the leadership change is the main shareholder-relevant event.
John Mendel appointed Chairman of the Board effective August 21, 2025, succeeding Guhan Subramanian
Subramanian notified the board on August 20, 2025 and will remain a director until retiring on January 1, 2026
Mendel previously served as an executive at American Honda, Ford, Lincoln, Mercury and Mazda America
Mendel said priorities include simplifying the business portfolio, a leaner operating model and organic growth
LKQ reported second-quarter 2025 revenue of $3.6 billion, down 1.9% from a year earlier, and adjusted diluted EPS of $0.87, down 11.2%. The company lowered its full-year 2025 outlook, citing weak repairable claims in North America, tariff uncertainty, and economic softness in Europe, which lowers the expected adjusted diluted EPS range to $3.00 to $3.30.
Q2 2025 revenue was $3.6 billion, down 1.9%; parts and services organic revenue fell 3.4%.
Q2 GAAP diluted EPS rose 7.1% to $0.75, while adjusted diluted EPS fell 11.2% to $0.87.
Full-year adjusted diluted EPS outlook cut to $3.00 to $3.30 from $3.40 to $3.70; operating cash flow outlook cut to $0.875 to $1.075 billion from $1.075 to $1.275 billion.
Board declared a quarterly dividend of $0.30 per share, payable August 28, 2025; $1.6 billion remains under the repurchase program.
LKQ amended its February 5, 2025 Cooperation Agreement with activist investors Ancora Catalyst Institutional, LP and Engine Capital, LP. If the Board re-nominates Sue Gove and Michael Powell for the 2026 annual meeting, the investor parties agree to customary standstill restrictions, voting commitments and a mutual non-disparagement provision for a defined period.
Amendment dated May 14, 2025, with Ancora Catalyst Institutional, LP, Engine Capital, LP and affiliates
Conditioned on Board re-nominating Sue Gove and Michael Powell at the 2026 annual meeting
Restrictions run until the earlier of 30 days before the 2027 nomination deadline or 110 days before the first anniversary of the 2026 annual meeting
LKQ Corporation and certain subsidiaries entered into Amendment No. 2 to their Credit Agreement on May 2, 2025, extending the maturity of the unsecured term loan facility from January 5, 2026 to January 5, 2027. The filing describes other modifications as immaterial and does not disclose changes to the loan amount or pricing, so the change mainly pushes back the company's repayment deadline by one year.
Unsecured term loan maturity extended from January 5, 2026 to January 5, 2027
Amendment No. 2 dated May 2, 2025 amends the Credit Agreement originally dated January 5, 2023
Wells Fargo Bank, National Association serves as administrative agent; Bank of America, N.A. as syndication agent
Filing describes other modifications as immaterial; full terms are in Exhibit 4.1
LKQ reported first quarter 2025 revenue of $3.5 billion, down 6.5% from $3.7 billion a year earlier, with GAAP diluted EPS up 10.2% to $0.65 and adjusted diluted EPS down 3.7% to $0.79. The company left its full-year 2025 outlook unchanged and said it excludes potential effects of tariffs, which it cannot yet quantify.
Revenue $3.5 billion vs. $3.7 billion in Q1 2024, down 6.5%; parts and services organic revenue fell 4.3%
Diluted EPS $0.65 vs. $0.59; adjusted diluted EPS $0.79 vs. $0.82, down 3.7%
2025 guidance unchanged, including adjusted diluted EPS of $3.40 to $3.70 and free cash flow of $0.75 to $0.90 billion
Returned $118 million to stockholders in Q1; quarterly dividend of $0.30 per share payable May 29, 2025
LKQ reported fourth quarter 2024 revenue of $3.4 billion, down 4.1%, and diluted EPS of $0.60, down 13.0% from $0.69. For full year 2024, revenue rose 3.5% to $14.4 billion, but diluted EPS fell 25.4% to $2.62, and the company gave a 2025 outlook with adjusted diluted EPS of $3.40 to $3.70.
Q4 2024 net income was $156 million, compared with $184 million in Q4 2023
Full year 2024 adjusted diluted EPS was $3.48, down 9.1% from $3.83
2025 outlook: adjusted diluted EPS of $3.40 to $3.70 and free cash flow of $0.75 to $0.90 billion
Board declared a quarterly dividend of $0.30 per share, payable March 27, 2025; $1.7 billion remains under the repurchase program
LKQ director Blythe J. McGarvie told the company on February 13, 2025 that she will not stand for re-election to the Board. She will remain a director until the 2025 Annual Meeting of Stockholders, expected in May 2025. The filing discloses no reason for her decision and no financial results.
Notice given to LKQ on February 13, 2025
Blythe J. McGarvie will not be nominated for re-election to the Board
She will serve until the 2025 Annual Meeting of Stockholders, expected in May 2025
LKQ appointed Sue Gove and Michael Powell to its board effective February 5, 2025, increasing the board from 11 to 13 members, under a cooperation agreement with investors Ancora Catalyst Institutional and Engine Capital. The company also formed a Finance Committee to make recommendations to the board on capital allocation and business portfolio. The filing sets standstill, voting and non-disparagement terms but discloses no financial results or guidance.
Cooperation Agreement dated February 5, 2025 with Ancora Catalyst Institutional, LP and Engine Capital, LP and their affiliates
Board increased from 11 to 13 members; Sue Gove and Michael Powell each have a term expiring at the 2025 annual meeting
Five-member Finance Committee chaired by Andrew Clarke, with Gove, Powell, John Mendel and Xavier Urbain
Investor standstill runs until the earlier of 30 days before the 2026 annual meeting nomination deadline or 110 days before the first anniversary of the 2025 annual meeting
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