LKQ tumbles after lowering annual profit forecast

LKQ

30/07/2026 14:40

Updates
** Shares of auto parts supplier LKQ LKQ.O slumps 18% to $21.73 in morning trading
** Co cuts full-year adjusted profit forecast on weaker demand for auto parts and repair services in its European markets
** Expects 2026 adj. profit of $2.60/share to $2.90/share, down from its prior estimate of $2.90/share to $3.20/share
** Forecasts organic revenue growth for parts and services to decline by 1% to 3%, compared with previous guidance for a 0.5% decline to 1.5% growth
** Q2 adj. earnings come in at 67 cents/share, missing analysts' estimates of 71 cents/share - data compiled by LSEG
** Including session's moves, shares down 29.4% YTD

 (Reporting by Apratim Sarkar in Bengaluru)
 ((Apratim.Sarkar@thomsonreuters.com))