Auto parts supplier LKQ beats quarterly revenue estimates on strong North America demand

LKQ

30/04/2026 19:28

April 30 (Reuters) - LKQ Corp LKQ.O beat Wall Street expectations for first-quarter revenue on Thursday, aided by growing demand for auto parts and services in North America.

Here are the details:

Shares of the Tennessee-based company were up 4% in afternoon trading.

The auto parts supplier said it was implementing productivity and restructuring initiatives to help mitigate the impact of ongoing macroeconomic and cost pressures.

It added it was seeing continued strength in North America and early signs of stabilization in Europe for its products and services.

Revenue for the quarter ended March 31 came at $3.47 billion, beating analysts' estimates of $3.4 billion, according to data compiled by LSEG.

First-quarter adjusted earnings fell 9.5% to 67 cents per share from the prior year, compared with estimates of 68 cents per share.

 (Reporting by Apratim Sarkar and Anshuman Tripathy; Editing by Vijay Kishore)

 ((Apratim.Sarkar@thomsonreuters.com;))