LKQ tumbles after trimming annual profit forecast

LKQ

24/07/2025 12:42

** Shares of auto parts supplier LKQ LKQ.O slide 8.2% to $35.45 premarket

** Co trims FY25 adj. EPS forecast to between $3.00-$3.30, down from previous range of $3.40-$3.70

** Now expects annual revenue for parts and services to fall between 1.5% to 3.5% vs growth expected between 0 to 2% earlier

** Q2 revenue, profit also miss analysts' estimates - data compiled by LSEG

** Co says it is not seeing a recovery in repairable claims - insurance claims for vehicle damage - and U.S. tariffs combined creating uncertainty in North American market

** Average rating of nine brokerages is a "buy", median PT at $52.50 - LSEG

** Stock up about 5% YTD, till last close

 (Reporting by Purvi Agarwal in Bengaluru)

 ((Purvi.Agarwal@thomsonreuters.com;))