Salvatore Abbate to Assume Role of LKQ President and CEO on November 9, 2026

(NASDAQ:LKQ) LKQ Corporation announced that Salvatore A. “Sal” Abbate will assume the role of President and Chief Executive Officer and join the Company’s Board of Directors effective November 9, 2026. This appointment is ahead of the previously announced start date of December 15, 2026. With Mr. Abbate’s arrival, the interim Office of the CEO, which has been comprised of Chairman John Mendel and Audit Committee Chair Sue Gove since October 23, will conclude its oversight of the Company’s operations. Salvatore A. Abbate expressed enthusiasm about joining LKQ earlier than planned and emphasized his commitment to executing at the level that LKQ’s scale should deliver. John Mendel, Chairman of the Board, stated that the Board has full confidence in Mr. Abbate and believes that his earlier start will allow more time with teams and customers heading into 2027. LKQ Corporation is described as a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company has operations in North America, Europe, and Taiwan. LKQ offers a broad range of OE recycled and aftermarket parts, replacement systems, components, equipment, and services for automobiles, trucks, and recreational and performance vehicles.

LKQ Corporation Announces Results For Third Quarter 2026

(NASDAQ:LKQ) LKQ Corporation reported third quarter 2026 financial results, with revenue of $3.3 billion, a decrease of 5.1% compared to $3.5 billion in the third quarter of 2025. Total parts and services revenue decreased 5.6%, including a 5.4% decrease in organic revenue, a 0.7% decrease from foreign exchange rates, and a 0.6% increase from the net impact of acquisitions and divestitures. Net loss for the quarter was $24 million, including $111 million of pre-tax non-cash impairment charges, compared to net income of $178 million for the same period in 2025. Diluted loss per share was $(0.09), compared to diluted earnings per share of $0.69 in the prior year. Adjusted net income was $127 million, down from $216 million in the third quarter of 2025. Adjusted diluted earnings per share was $0.50, compared to $0.84 in the prior year. Cash flow from operations was $411 million and free cash flow was $372 million for the third quarter of 2026. For the nine months ended September 30, 2026, cash flow from operations was $466 million and free cash flow was $336 million. As of September 30, 2026, total debt was $3.7 billion and total leverage was 2.8x EBITDA. During the third quarter, LKQ invested $30 million to repurchase 1.2 million shares of common stock and distributed $76 million in cash dividends. For the nine months ended September 30, 2026, the company returned $313 million to shareholders, including $83 million for repurchasing 3.1 million shares and $230 million in cash dividends. Since October 2018, LKQ has repurchased approximately 72 million shares for a total of $3.0 billion, with $1.5 billion remaining on the authorization as of September 30, 2026. On October 25, 2026, the Board authorized a two-year extension to the stock repurchase program through October 25, 2028. On October 27, 2026, the Board declared a quarterly cash dividend of $0.30 per share, payable on December 3, 2026, to stockholders of record at the close of business on November 19, 2026. The Board has suspended the strategic review, including the Specialty segment sales process, to allow new leadership to assess the business and evaluate value-creation pathways. On October 23, 2026, Salvatore A. “Sal” Abbate was appointed President and Chief Executive Officer, effective December 15, 2026. Mr. Abbate previously served as CEO of Veritiv Corporation, leading its transformation and $2.6 billion sale to Clayton, Dubilier & Rice in 2023, and held senior roles at Andersen Windows & Doors, Solutia, Inc., and Armstrong World Industries. On October 23, 2026, LKQ announced the withdrawal of its full-year 2026 guidance. The company will host a conference call and webcast on October 29, 2026, at 8:00 a.m. Eastern Time to discuss results. The third quarter was marked by weakness in the Europe segment, driven by operational issues related to ERP implementation in Germany and volume declines in the United Kingdom and Benelux, while North America performed in line with expectations despite softer demand.

LKQ Corporation Announces Results for Second Quarter 2026

(NASDAQ: LKQ) LKQ Corporation reported revenue for the second quarter of 2026 was $3.4 billion, a decrease of 3.0% compared to $3.5 billion for the second quarter of 2025. Net income was $134 million compared to $185 million for the same period of 2025, and diluted earnings per share was $0.52 compared to $0.72 for the same period of 2025. Adjusted net income was $170 million compared to $218 million for the same period of 2025, and adjusted diluted earnings per share was $0.67 compared to $0.84 for the same period of 2025. Cash flow from operations and free cash flow were $111 million and $60 million, respectively, for the second quarter of 2026. The company invested $52 million to repurchase 1.9 million shares of its common stock and distributed $77 million in cash dividends during the second quarter of 2026. The company projects 2026 organic revenue growth for parts and services in the range of (3.0%) to (1.0%), diluted EPS of $1.78 to $2.08, adjusted diluted EPS of $2.60 to $2.90, operating cash flow of $825 to $1,025 million, and free cash flow of $625 to $775 million.

Important Notice to Long-Term Shareholders of LKQ Corporation (NASDAQ: LKQ); MongoDB, Inc. (NASDAQ: MDB); New Era Energy & Digital, Inc. (NASDAQ: NUAI); and Power Solutions International, Inc. (NASDAQ: PSIX): Grabar Law Office is Investigating Claims on Your Behalf

Grabar Law Office has announced investigations into potential claims on behalf of investors of LKQ Corporation (NASDAQ: LKQ), MongoDB, Inc. (NASDAQ: MDB), New Era Energy & Digital, Inc. (NASDAQ: NUAI), and Power Solutions International, Inc. (NASDAQ: PSIX). The investigations concern allegations that certain officers and directors of these companies breached their fiduciary duties and made materially false and misleading statements regarding company performance, acquisitions, and business prospects. Specific allegations include misleading investors about the $2.1 billion acquisition of Uni-Select by LKQ, overstating MongoDB's growth and revenue expectations, misrepresenting New Era's Texas Critical Data Centers project and related-party transactions, and overstating Power Solutions' ability to capture sales demand in the data center market. Notably, New Era's stock fell approximately 6.9% on December 12, 2025, and an additional 41% to close at $2.69 per share on December 29, 2025, following news of lawsuits and investigative reports. Investors are encouraged to seek corporate reforms, the return of funds, and court-approved incentive awards at no cost. The announcements provide contact information and links for affected shareholders to learn more or participate in the actions.

NASDAQ: LKQ Lawsuit Notice: Investors in shares of LKQ Corporation (NASDAQ: LKQ) should contact the Shareholders Foundation

(NASDAQ: LKQ) A lawsuit is currently pending for certain investors in LKQ Corporation (NASDAQ: LKQ) shares. The plaintiff alleged that the defendants made false and/or misleading statements and/or failed to disclose that FinishMaster was losing major customers from the time the acquisition was announced and its business could not sustain, let alone grow, LKQ's eroding market share. The plaintiff further alleged that to the extent that LKQ purported to warn of the risks regarding the Uni-Select acquisition and FinishMaster integration, LKQ failed to disclose that such risks had already materialized and were negatively impacting LKQ's operational and financial performance.