Back to news

LKQ slides after preliminary Q3 loss, withdrawn outlook, and leadership shake-up

Investivoq PriceTracker

LKQ Corporation (LKQ) is down 19.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to a sharp deterioration in LKQ’s preliminary third-quarter results, led by major weakness in Europe, plus the company’s decision to withdraw full-year 2026 guidance. Investors also had to absorb an abrupt management reset, including the departure of the current CEO and a change in leadership at LKQ Europe.

Details:

  • LKQ said its preliminary third-quarter performance was hurt mainly by underperformance in Europe, including ERP-related disruption in Germany and lower volumes in the United Kingdom and Benelux.
  • The company outlined a preliminary net loss from continuing operations attributable to shareholders and adjusted diluted EPS of $0.47 to $0.53, down from $0.84 in the prior-year quarter.
  • LKQ withdrew its full-year 2026 guidance and said it would provide full third-quarter results on October 29, 2026, leaving the market with less near-term visibility.
  • The board named Salvatore A. Abbate as incoming CEO effective December 15, 2026, while Justin Jude is departing immediately, and LKQ also brought in Alvarez & Marsal to help address European operations.

    • Sources:

    LKQ Corporation, SEC, Yahoo Finance

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    EARLY ACCESS
    Receive LKQ Data Alerts
    Real-time alerts on filings, insider trades, and market signals — before everyone else.
    Get Alerts →

    $LKQ Hedge Fund Activity

    We have seen 248 institutional investors add shares of $LKQ stock to their portfolio, and 296 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • PZENA INVESTMENT MANAGEMENT LLC added 8,909,385 shares (+142.9%) to their portfolio in Q2 2026, for an estimated $234,584,107
    • BOSTON PARTNERS removed 6,033,783 shares (-99.7%) from their portfolio in Q2 2026, for an estimated $158,869,506
    • EDGEPOINT INVESTMENT GROUP INC. removed 5,647,307 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $148,693,593
    • CAPITAL WORLD INVESTORS removed 4,198,903 shares (-37.0%) from their portfolio in Q2 2026, for an estimated $110,557,115
    • NORDEA INVESTMENT MANAGEMENT AB removed 2,646,157 shares (-21.6%) from their portfolio in Q2 2026, for an estimated $69,673,313
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 2,482,989 shares (+inf%) to their portfolio in Q2 2026, for an estimated $65,377,100
    • MORGAN STANLEY removed 2,360,235 shares (-22.6%) from their portfolio in Q2 2026, for an estimated $62,144,987

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.