LKQ rises as it halts strategic review, extends buyback program

LKQ

29/10/2026 13:21

** Shares of automotive parts distributor LKQ LKQ.O rise 3.6% to $17.77 premarket
** Co says it has suspended a review of strategic alternatives, including a potential sale of its Specialty segment
** Board extends share repurchase program by two years through October 25, 2028, with $1.5 bln still available for buybacks under the current authorization
** Q3 adjusted EPS of 50 cents misses analysts' average estimates of 56 cents, per data compiled by LSEG 
** Q3 revenue of $3.32 bln misses estimates of $3.36 bln
** Results were largely pre-announced on October 23, when stock hit a 52-week low of $17.42 as co withdrew FY26 outlook
** As of last close, stock has fallen 43.08% YTD         

(Reporting by Miraanta Lowrance in Bengaluru)
((miraanta.lowrance@thomsonreuters.com))