LKQ explores sale of Specialty segment; shares fall

LKQ

04/12/2025 16:25

** Shares of auto parts supplier LKQ LKQ.O down 1.2% at $29 in morning trade

** Co says it is exploring the potential sale of its Specialty segment

** "Current market conditions present an attractive environment to assess divestiture options and ensure we maximize the value of this best-in-class business," says CEO Justin Jude

** Co hires Bank of America as financial advisor and Wachtell, Lipton, Rosen & Katz as legal counsel for the process

   ** In August, LKQ agreed to sell its self-service segment to Pacific Avenue Capital Partners for $410 million

 ** Including session moves, shares down 21% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))