LKQ press release
RTPR•30/10/2026•13:38 ET
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Key Highlights
- ➤LKQ shares fell $5.05, or 22%, after CEO Justin Jude’s immediate departure
- ➤Q3 2026 net loss was $16 million, versus $79 million profit prior quarter
- ➤Europe segment underperformed amid Germany ERP disruptions and UK, Benelux volume declines
- ➤More than $2.2 billion of LKQ market capitalization vanished between July 29 and October 23
- ➤Hagens Berman opened an investigation into LKQ’s ERP transparency
Expert Statements
Reed Kathrein, Hagens Berman partner leading the investigation
“We’re focused on the potential disparity between LKQ’s assurances about the ERP migration versus what investors learned on October 23”
LKQ Corporation (LKQ) Faces Investor Scrutiny Amid Enterprise Resource Planning System Surprises, CEO Departure; Shares Trade Sharply Lower Again - HBSS PR Newswire
SAN FRANCISCO, Oct. 30, 2026 /PRNewswire/ -- investors in LKQ Corporation (NASDAQ: LKQ) saw the price of their shares tumble $5.05 (-22%) on news of its CEO's immediate departure and revelations of continued problems with its Enterprise Resource Planning ("ERP") system implementation in Europe.
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