Lkq Corp 8-K, filed Oct 29, 2026

Lkq Corp (LKQ)

8-K 2026-10-29 For: 2026-10-29

Added on October 29, 2026

About this 8-K

Lkq Corp filed this 8-K on October 29, 2026.

LKQ Corporation reported third quarter 2026 revenue of $3.3 billion, down 5.1%, and a net loss of $24 million. It suspended its strategic review, including the Specialty segment sales process, and withdrew full-year 2026 guidance. AI summary

Items reported

Item 2.02: Financial results
Item 8.01: Other events
Item 9.01: Financial statements and exhibits

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Exhibit Number						Description of Exhibit
99.1						LKQ Corporation Press Release dated October 29, 2026.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).



LKQ CORPORATION

By:			/s/ Rick Galloway
			Rick Galloway
			Senior Vice President and Chief Financial Officer


	Three Months Ended September 30,
	2026				2025
			% of Revenue (1)				% of Revenue (1)		$ Change		% Change
Revenue	$	3,319	100.0	%	$	3,499	100.0	%	$	(180)	(5.1)	%
Cost of goods sold	2,083		62.8	%	2,158		61.7	%	(75)		(3.5)	%

Gross margin	1,236		37.2	%	1,341		38.3	%	(105)		(7.8)	%
Selling, general and administrative expenses	959		28.9	%	958		27.4	%	1		0.1	%
Restructuring and transaction related expenses	24		0.7	%	14		0.4	%	10		71.4	%

Impairment of goodwill	88		2.6	%	—		—	%	88		n/m
Impairment of net assets held for sale	23		0.7	%	—		—	%	23		n/m
Depreciation and amortization	89		2.7	%	95		2.7	%	(6)		(6.3)	%


Operating income	53		1.6	%	274		7.8	%	(221)		(80.7)	%
Other expense (income):
Interest expense	56		1.7	%	55		1.6	%	1		1.8	%





Interest income and other income, net	(8)		(0.2)	%	(4)		(0.1)	%	(4)		n/m
Total other expense, net	48		1.5	%	51		1.5	%	(3)		(5.9)	%
Income from continuing operations before provision for income taxes	5		0.1	%	223		6.4	%	(218)		(97.8)	%
Provision for income taxes	32		0.9	%	45		1.3	%	(13)		(28.9)	%
Equity in (earnings) losses of unconsolidated subsidiaries	(2)		(0.1)	%	—		—	%	(2)		n/m
(Loss) income from continuing operations	(25)		(0.7)	%	178		5.1	%	(203)		n/m
Net (loss) income from discontinued operations	(2)		(0.1)	%	2		—	%	(4)		n/m
Net (loss) income	(27)		(0.8)	%	180		5.1	%	(207)		n/m
Less: net (loss) income attributable to continuing noncontrolling interest	(1)		—	%	—		—	%	(1)		n/m

Net (loss) income attributable to LKQ stockholders	$	(26)	(0.8)	%	$	180	5.1	%	$	(206)	n/m




Basic (loss) earnings per share:
(Loss) income from continuing operations	$	(0.09)			$	0.69			$	(0.78)	n/m
Net (loss) income from discontinued operations	(0.01)				0.01				(0.02)		n/m
Net (loss) income	(0.10)				0.70				(0.80)		n/m
Less: net (loss) income attributable to continuing noncontrolling interest	—				—				—		—	%

Net (loss) income attributable to LKQ stockholders	$	(0.10)			$	0.70			$	(0.80)	n/m

Diluted (loss) earnings per share:
(Loss) income from continuing operations	$	(0.09)			$	0.69			$	(0.78)	n/m
Net (loss) income from discontinued operations	(0.01)				0.01				(0.02)		n/m
Net (loss) income	(0.10)				0.70				(0.80)		n/m
Less: net (loss) income attributable to continuing noncontrolling interest	—				—				—		—	%

Net (loss) income attributable to LKQ stockholders	$	(0.10)			$	0.70			$	(0.80)	n/m

Weighted average common shares outstanding:
Basic	252.9				257.1				(4.2)		(1.6)	%
Diluted	252.9				257.3				(4.4)		(1.7)	%

(1) The sum of the individual percentage of revenue components may not equal the total due to rounding.


	Nine Months Ended September 30,
	2026				2025
			% of Revenue (1)				% of Revenue (1)		$ Change		% Change
Revenue	$	10,196	100.0	%	$	10,339	100.0	%	$	(143)	(1.4)	%
Cost of goods sold	6,308		61.9	%	6,329		61.2	%	(21)		(0.3)	%

Gross margin	3,888		38.1	%	4,010		38.8	%	(122)		(3.0)	%
Selling, general and administrative expenses	2,943		28.9	%	2,865		27.7	%	78		2.7	%
Restructuring and transaction related expenses	71		0.7	%	33		0.3	%	38		n/m
Impairment of goodwill	88		0.9	%	—		—	%	88		n/m
Impairment of net assets held for sale	23		0.2	%	—		—	%	23		n/m
Depreciation and amortization	268		2.6	%	272		2.6	%	(4)		(1.5)	%

Operating income	495		4.9	%	840		8.1	%	(345)		(41.1)	%
Other expense (income):
Interest expense	164		1.6	%	170		1.6	%	(6)		(3.5)	%

Interest income and other income, net	(21)		(0.2)	%	(25)		(0.2)	%	4		(16.0)	%
Total other expense, net	143		1.4	%	145		1.4	%	(2)		(1.4)	%
Income from continuing operations before provision for income taxes	352		3.5	%	695		6.7	%	(343)		(49.4)	%
Provision for income taxes	124		1.2	%	173		1.7	%	(49)		(28.3)	%
Equity in losses of unconsolidated subsidiaries	42		0.4	%	—		—	%	42		n/m
Income from continuing operations	186		1.8	%	522		5.0	%	(336)		(64.4)	%
Net income from discontinued operations	2		—	%	20		0.2	%	(18)		(90.0)	%
Net income	188		1.8	%	542		5.2	%	(354)		(65.3)	%
Less: net (loss) income attributable to continuing noncontrolling interest	(1)		—	%	1		—	%	(2)		n/m

Net income attributable to LKQ stockholders	$	189	1.9	%	$	541	5.2	%	$	(352)	(65.1)	%

Basic earnings per share:
Income from continuing operations	$	0.73			$	2.02			$	(1.29)	(63.9)	%
Net income from discontinued operations	0.01				0.08				(0.07)		(87.5)	%
Net income	0.74				2.10				(1.36)		(64.8)	%
Less: net (loss) income attributable to continuing noncontrolling interest	—				—				—		—	%

Net income attributable to LKQ stockholders	$	0.74			$	2.10			$	(1.36)	(64.8)	%

Diluted earnings per share:
Income from continuing operations	$	0.73			$	2.02			$	(1.29)	(63.9)	%
Net income from discontinued operations	0.01				0.08				(0.07)		(87.5)	%
Net income	0.74				2.10				(1.36)		(64.8)	%
Less: net (loss) income attributable to continuing noncontrolling interest	—				—				—		—	%

Net income attributable to LKQ stockholders	$	0.74			$	2.10			$	(1.36)	(64.8)	%

Weighted average common shares outstanding:
Basic	254.3				258.1				(3.8)		(1.5)	%
Diluted	254.6				258.4				(3.8)		(1.5)	%



(1) The sum of the individual percentage of revenue components may not equal the total due to rounding.


	September 30, 2026		December 31, 2025
Assets
Current assets:
Cash and cash equivalents	$	319	$	319
Receivables, net of allowance for credit losses	1,354		1,204
Inventories	3,262		3,426

Prepaid expenses and other current assets	349		299

Total current assets	5,284		5,248
Property, plant and equipment, net	1,396		1,452
Operating lease assets, net	1,283		1,332

Goodwill	5,274		5,414
Other intangibles, net	1,007		1,072
Equity method investments	126		170
Other noncurrent assets	412		449

Total assets	$	14,782	$	15,137
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	1,919	$	2,108
Accrued expenses:
Accrued payroll-related liabilities	176		190
Refund liability	120		122
Other accrued expenses	434		344
Current portion of operating lease liabilities	256		253
Current portion of long-term obligations	39		32
Other current liabilities	78		88

Total current liabilities	3,022		3,137
Long-term operating lease liabilities, excluding current portion	1,105		1,145
Long-term obligations, excluding current portion	3,678		3,631
Deferred income taxes	322		331
Other noncurrent liabilities	337		332

Commitments and contingencies

Stockholders’ equity:
Common stock, $0.01 par value, 1,000.0 shares authorized, 324.5 shares issued and 252.4 shares outstanding at September 30, 2026; 324.0 shares issued and 255.0 shares outstanding at December 31, 2025	3		3
Additional paid-in capital	1,601		1,581
Retained earnings	7,916		7,958
Accumulated other comprehensive loss	(194)		(57)
Treasury stock, at cost; 72.1 shares at September 30, 2026 and 69.0 shares at December 31, 2025	(3,031)		(2,948)
Total Company stockholders’ equity	6,295		6,537
Noncontrolling interest	23		24
Total stockholders’ equity	6,318		6,561
Total liabilities and stockholders’ equity	$	14,782	$	15,137


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


	Three Months Ended September 30,
(In millions)	2026		2025		$ Change		% Change
North America	$	1,306	$	1,343	$	(37)	(2.6)	%
Europe	1,451		1,615		(164)		(10.2)	%
Specialty	465		456		9		1.9	%
Parts and services	3,222		3,414		(192)		(5.6)	%
North America	95		80		15		18.1	%
Europe	2		5		(3)		(56.4)	%

Other	97		85		12		13.4	%
Total revenue	$	3,319	$	3,499	$	(180)	(5.1)	%


	Revenue Change Attributable to:
	Organic (1)		Acquisition and Divestiture		Foreign Exchange		Total Change (2)
North America	(2.4)	%	—	%	(0.3)	%	(2.6)	%
Europe	(9.8)	%	0.8	%	(1.2)	%	(10.2)	%
Specialty	0.9	%	1.2	%	(0.2)	%	1.9	%
Parts and services	(5.4)	%	0.6	%	(0.7)	%	(5.6)	%
North America	18.2	%	—	%	(0.1)	%	18.1	%
Europe	(55.5)	%	—	%	(1.0)	%	(56.4)	%

Other	13.6	%	—	%	(0.1)	%	13.4	%
Total revenue	(5.0)	%	0.5	%	(0.7)	%	(5.1)	%


	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions, except per share data)	2026		2025		2026		2025
Net (loss) income	$	(27)	$	180	$	188	$	542
Less: net (loss) income attributable to continuing noncontrolling interest	(1)		—		(1)		1
Net (loss) income attributable to LKQ stockholders	(26)		180		189		541
Less: net (loss) income from discontinued operations	(2)		2		2		20
Net (loss) income from continuing operations attributable to LKQ stockholders	(24)		178		187		521
Adjustments:
Amortization of acquired intangibles	34		37		102		108
Restructuring and transaction related expenses	24		14		71		33





Impairment of goodwill (1)	88		—		88		—
Impairment of net assets held for sale (2)	23		—		23		—



Direct impacts of Ukraine/Russia conflict (3)	4		—		4		1

Impairment on Mekonomen equity method investment	—		—		44		—
Excess tax deficiency from stock-based payments	1		—		2		1
Tax effect of adjustments	(23)		(13)		(53)		(37)
Adjusted net income (4)	$	127	$	216	$	468	$	627

Weighted average diluted common shares outstanding	252.9		257.3		254.6		258.4

Diluted (loss) earnings per share:
Reported (4)	$	(0.09)	$	0.69	$	0.73	$	2.02
Adjusted (4)	$	0.50	$	0.84	$	1.84	$	2.43


Item 2.02			Results of Operations and Financial Condition.


Item 8.01			Other Events.


Item 9.01			Financial Statements and Exhibits.


	Three Months Ended September 30,								Nine Months Ended September 30,
	2026				2025				2026				2025
(In millions)			% of Revenue				% of Revenue				% of Revenue				% of Revenue
Revenue
North America	$	1,402			$	1,423			$	4,308			$	4,277
Europe	1,453				1,620				4,529				4,749
Specialty	465				457				1,362				1,316
Eliminations	(1)				(1)				(3)				(3)
Total revenue	$	3,319			$	3,499			$	10,196			$	10,339
Segment EBITDA
North America	$	203	14.4	%	$	199	14.0	%	$	613	14.2	%	$	640	15.0	%
Europe	68		4.6	%	162		10.0	%	303		6.7	%	454		9.6	%
Specialty	25		5.5	%	34		7.3	%	76		5.6	%	94		7.1	%
Total Segment EBITDA	$	296	8.9	%	$	395	11.3	%	$	992	9.7	%	$	1,188	11.5	%