LKQ tumbles to three-year low after trimming annual profit forecast

LKQ

24/07/2025 15:49

Updates

** Shares of auto parts supplier LKQ LKQ.O slide 21% to $30 in early trade, hitting three-year low

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

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

** Including session moves, shares down 16.9% YTD

 (Reporting by Purvi Agarwal and Apratim Sarkar in Bengaluru)

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