LKQ Corporation (NASDAQ: LKQ)

This lawsuit is for anyone who acquired securities in LKQ Corporation (NASDAQ: LKQ) from February 27, 2023 through July 23, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to disclose to investors that the Company’s integration of FinishMaster, which the Company acquired when the Company acquired Uni-Select, was not going as well as the Company had led investors to believe.

On April 23, 2024, LKQ lowered its full-year 2024 financial guidance, citing worsening performance in its North American operations, where the Company’s recently acquired subsidiary FinishMaster, was being integrated, while attributing the decline in part to slowing demand and warmer weather, and announcing the departure of its CEO. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on July 25, 2024, LKQ reported second quarter 2024 financial results that missed its previously reduced expectations and again lowered its full-year 2024 guidance, citing continued weakness in its North American segment. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume. Next, on April 24, 2025, LKQ reported that its Wholesale North America segment, where FinishMaster was fully integrated, missed revenue targets by approximately $200 million and disclosed that, contrary to its prior assurances that FinishMaster would improve margins, the segment missed EBITDA targets and experienced a year-over-year margin decline. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume. Finally, on July 24, 2025, LKQ reported that its segment margin performance continued to deteriorate, attributing the declines to competitors taking market share by undercutting pricing. The Company again missed EBITDA targets by approximately $20 million and disclosed a year-over-year margin decline of 11%, while admitting that the declines were predominantly driven by business losses due to increased competition for FinishMaster. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in LKQ Corporation (NASDAQ: LKQ) from February 27, 2023 through July 23, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.