LKQ LKQ Corp

$LKQ this thing is the biggest piece of shit. It fails at the 200 5 min moving average over and over and over. They have $1B+ asset that can be sold and plowed back into the stock. And $100 million equity method investment in MEKO they should dump. And probably 300 million german real estate that can be sold and leased back. The debt really shouldn't be an issue -- only $1B of the debt stack has covenants (the revolver and the 700 million CAD bank loan). Sell all the non-core shit, pay down the revolver and YOLO into the stock. Total garbage.

$LKQ Finance Committee was formed in Feb 2025 as part of standstill with activists. They are charged with reviewing the portfolio and what to do with the capital. 2 of those members are now interim co-CEO waiting for their turnaound CEO to take office December 15. Keystone ($1-1.2 billion), MEKO ($100 million) and maybe any owned real-estate can do sale lease back (no idea) ... plus maybe they do 400 million H2 FCF (based on July guide it was supposed to be 700 million). so bring in 1.5 billion through asset sales, maybe 1.3 billion after-tax. pay down the 500 million revolver ... do a $1 billion ASR to buy back a ton of stock New CEO ramps turnaround and turns EBITDA back to 1.5 billion ... net debt fine at 3B ... 2x leverage is the target.

So you have to wonder what $LKQ Europe revenue and adj EBITDA will be next year? 6 billion revenue and 8% EBITDA margin? 5%? Pretty wide range in 300-480 million adj EBITDA? North America probably will be 800-900 million? Keystone around 100 million. So EBITDA down to 1.2 billion next year at the low? So leverage ratio up to 3x or so. Really need to sell Keystone for 1B if they can for more balance sheet flexibility for the turnaround. Disaster

$LKQ Follow-up: Will halting the sale of LKQ's Specialty unit, $1,360M of nine-month revenue, leave holders waiting on a new CEO? 🏢 LKQ, which sells recycled and aftermarket car parts in North America, Europe and Taiwan and was worth about $4.35B at $17.19 a share at 16:00 ET on October 28, 2026, said in its October 29 Q3 release that the board has suspended its strategic review, including the Specialty segment sales process 💰 Holders still get cash back: the board extended the buyback to October 25, 2028 with $1.5B left, about 34% of the $4.35B market value at the 16:00 ET October 28, 2026 close, and declared a quarterly dividend 📅 Next: Sal Abbate becomes CEO on December 15, 2026; the dividend is paid December 3, 2026 Source: GlobeNewswire release, Oct 29 + SEC 8-K, Oct 23

$LKQ reported earnings before the open: adjusted EPS of $0.50 vs. $0.61 estimated, a miss of 18.6%. I used Stock Meadow to review the results.

$LKQ Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $0.50 down -40.48% YoY • Reported revenue of $3.32B down -5.14% YoY • LKQ withdrew its full-year 2026 guidance, most recently updated on July 30, 2026; the release provides no replacement quantified revenue, earnings, or margin outlook for 2026.

$LKQ reports earnings tomorrow before the open. I used Stock Meadow’s earnings dashboard to review its history: LKQ has beaten EPS estimates in 3 of its last 8 reports.

$LKQ Preliminary Q3 revenue was 3.32 billion dollars vs 3.50 billion a year ago, with a net loss of 16 to 32 million dollars after 111 million dollars of non-cash impairments. Adjusted EPS is expected at 0.47 to 0.53 dollars vs 0.84. Europe is where it broke. Organic revenue there fell 9.8% and segment EBITDA margin dropped to 4.1% to 5.1%, from 10.0% a year ago, with the company pointing at the Germany ERP rollout and volume declines in the UK and Benelux. North America performed in line. The CEO is out effective today, the Europe president is out too, Alvarez and Marsal was brought in to advise on Europe, and full-year guidance was withdrawn. Full Q3 results land October 29.

How does a quarter break this badly? $LKQ is down 21% intraday Friday after projecting a Q3 loss, withdrawing its 2026 guidance, and an immediate CEO exit. The ERP meltdown in Germany is the culprit.

$LKQ We did a deep dive on LKQ. 🏢 LKQ distributes aftermarket and refurbished car parts in North America, Europe and Taiwan, and on October 23, 2026 it removed its CEO and pulled its 2026 forecast ✂️ Adjusted EPS of $1.80 to $1.86 so far this year leaves $0.74 to $0.80 needed in the fourth quarter to hit July's $2.60 floor, above the third quarter's $0.53 top 📉 Europe, about 46% of 2025 revenue, saw its EBITDA margin fall to 4.1% to 5.1% from 10.0% on a German software rollout and weaker UK and Benelux volumes 🏦 Bank-test leverage was 2.8 times at June 30, 2026 against a 4.00 cap, but it climbs if Europe's weak margin lasts 📈 The bull read rests on North America, which earned $814M of 2025 segment EBITDA against Europe's $584M and met plan, plus a live sale review 📅 The buyback authority with $1,503M left lapses October 25, 2026, and full results on October 29, 2026 show whether third-quarter cash flow turned positive Full report linked in the replies.

$LKQ people keeping cars longer = growth for this company … they just need to make some changes & AI could benefit them in the future

$LKQ this drop is a great buy opportunity! Only own 125 shares at $22.65 average may double position today .. yes Europe was really bad but it can recover making proper adjustments and new CEO will probably do lots of changes

$LKQ they need a complete transformation of the business to an e-commerce and automated delivery model. The biz is antiquated and mature. Honestly, none of this is surprising. They are sitting on massive amounts of inventory that is not marketed or valued correctly. They can use AI to accomplish most of this in 12 months. I’d wait for single digits to buy in but it’s gonna be ugly for awhile.

$LKQ LKQ ousts CEO Jude, pre-reports a Q3 net loss and withdraws its 2026 guidance. 👤 CEO Justin Jude left effective today, and Chairman John Mendel and Audit Chair Sue Gove run the company until ex-Veritiv CEO Sal Abbate takes over on December 15, 2026 🔥 The same-day 8-K pre-reports a Q3 net loss of $16M to $32M, including $111M of non-cash impairments, against net income of $178M a year earlier ✂️ Pulling the guide removes the July 30 forecast of $2.60 to $2.90 adjusted EPS and $625M to $775M of free cash flow, 11% to 14% of the market value at the October 22, 2026 close, leaving only preliminary Q3 ranges until full results 📈 North America performed in line, Abbate grew Veritiv's share price more than 13-fold before its $2.6B sale, and the board ties his hire to an ongoing strategic review 📅 Next: Full Q3 results and a conference call on October 29, 2026; Abbate starts December 15, 2026 Source: GlobeNewswire release, Oct 23 + SEC 8-K, Oct 23

$LKQ if earnings suck. Maybe we can have a good pump till then. Or maybe good news and we run.

$LKQ For those who do not know: LKQ Benelux France Italy UK (if correct) have delays on integrating into LKQ Europe, which is building a complete ERP system for the entire European region. This system is named EoS, Europe One System. This system should have been finished like 8 years ago. Together with the One European Reporting system, Incorta. There are many issues with both the integrations and performance of those systems, and revenue loss on the integrations. The delays causes, legacy systems still being maintained. And this also costs a lot of money. Meanwhile the changes for its employees are so significant, that many good qualified people left the company, and are replaced by externals from East Europe or India. While the opex definately decreased with three rounds of cutting employees and massive voluntary employee leaves, reduction of costs by hiring externally. The overal quality and work ethic, decreased tremendously.

$LKQ not worried about this company, I am in the collision industry and let’s just say during economic hard times consumers will shop around for cheaper insurance and what comes with cheap policies is lkq and aftermarket parts that the insurance policy holder have to put on the vehicles after an accident. We will see more growth , just my thesis I could be wrong 🤷🏻‍♂️ same with mechanical repairs more people will be fixing there older vehicles

$LKQ I’m not sure people know the company is for sale. ChatGPT has fair buyout price of $38. Yet, the company plays around at $21-$22 $SPY