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AI brief of an SEC Form 8-K · LKQ (LKQ)

LKQ Q3 net loss of $24 million; withdraws 2026 guidance and suspends strategic review

Negative Impact 4 of 5 guidance

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.

Key points

  • 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  • Full-year 2026 guidance was withdrawn on October 23, 2026; the Board suspended the strategic review, including the Specialty sale process, and Sal Abbate becomes CEO effective December 15, 2026.

The filing

CompanyLKQ (LKQ)
Form8-K, current report
Filed with the SECOct 29, 2026, 7:30 AM ET
Accession number0001065696-26-000050

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:18 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.