LKQ Corporation (LKQ) reported preliminary, unaudited third-quarter 2026 revenue of $3.32 billion, down from $3.50 billion a year earlier. The company expects a net loss of $16 million to $32 million and diluted loss per share of $0.06 to $0.12.
LKQ cited significant underperformance in Europe, including disruptions tied to an ERP implementation in Germany and volume declines in the United Kingdom and Benelux. The company withdrew full-year 2026 guidance and expects to report full third-quarter results on October 29.
- Parts and services organic revenue declined 5.4%.
- Europe parts and services organic revenue declined 9.8%, while segment EBITDA margin is expected at 4.1% to 5.1%.
- Salvatore A. Abbate will become president and CEO effective December 15, 2026.
- Justin Jude departed as CEO, and Andy Hamilton departed as president and managing director of LKQ Europe.
- LKQ retained Alvarez & Marsal to advise on European operations.
$LKQ Hedge Fund Activity
We have seen 247 institutional investors add shares of $LKQ stock to their portfolio, and 297 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PZENA INVESTMENT MANAGEMENT LLC added 8,909,385 shares (+142.9%) to their portfolio in Q2 2026, for an estimated $234,584,107
- BOSTON PARTNERS removed 6,033,783 shares (-99.7%) from their portfolio in Q2 2026, for an estimated $158,869,506
- EDGEPOINT INVESTMENT GROUP INC. removed 5,647,307 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $148,693,593
- CAPITAL WORLD INVESTORS removed 4,198,903 shares (-37.0%) from their portfolio in Q2 2026, for an estimated $110,557,115
- NORDEA INVESTMENT MANAGEMENT AB removed 2,646,157 shares (-21.6%) from their portfolio in Q2 2026, for an estimated $69,673,313
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 2,482,989 shares (+inf%) to their portfolio in Q2 2026, for an estimated $65,377,100
- MORGAN STANLEY removed 2,360,235 shares (-22.6%) from their portfolio in Q2 2026, for an estimated $62,144,987
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
