secwatch.observer — SEC 8-K summary
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Issuer:     LKQ CORP (LKQ)
CIK:        0001065696
Form:       8-K
Filed at:   2026-10-23T12:06:44+00:00
Accession:  0001065696-26-000047
Event type: leadership
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

LKQ prelim Q3: revenue $3.32B, adj EPS $0.47-$0.53, net loss on $111M impairment; CEO Jude out, Abbate in
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- Q3 revenue $3.32B vs $3.50B a year ago; parts and services organic revenue declined 5.4%.
- Net loss $16M-$32M including $111M non-cash impairment vs $178M net income in Q3 2025; diluted LPS $0.06-$0.12, adjusted EPS $0.47-$0.53 vs $0.84.
- Europe organic revenue -9.8% and segment EBITDA margin 4.1%-5.1% vs 10.0%, blamed on German ERP implementation disruption and UK/Benelux volume declines.
- Justin Jude out as CEO and director Oct 23; Salvatore Abbate CEO from Dec 15; interim Office of CEO: John Mendel, Sue Gove; CFO Rick Galloway principal executive officer.
- Andy Hamilton out as LKQ Europe head; Alvarez & Marsal retained; full-year 2026 guidance (last updated July 30, 2026) withdrawn; strategic alternatives review continues.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065696/000106569626000047/0001065696-26-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065696/000106569626000047/lkq-20261021.htm
  HTML page:      https://secwatch.observer/filing/0001065696-26-000047

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