A global distributor of alternative vehicle replacement parts, LKQ supplies aftermarket, salvage, and reconditioned collision and mechanical parts to repair shops across North America and Europe, plus specialty accessories for RVs, trucks, and boats. Founded in 1998 by a former Waste Management executive, it consolidated thousands of independent junkyards—and its name comes from the trade term "Like-Kind-Quality," meaning recycled parts considered equivalent to new ones.
LKQ stockholders approve charter amendment allowing 25% holders to call special meetings
At the May 6, 2026 Annual Meeting, stockholders approved an amendment to LKQ's Restated Certificate of Incorporation granting holders of 25% or more of common stock the right to request a special meeting.
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The Charter Amendment was filed with the Delaware Secretary of State on May 8, 2026, and became effective that same day.
The Board also approved Amended and Restated Bylaws on May 6, 2026, adding ownership and procedural requirements for special meeting requests, effective May 8, 2026.
All eight director nominees were elected, with votes for ranging from 199,790,226 to 229,402,461.
Stockholders ratified Deloitte & Touche LLP as independent auditor for 2026 and approved the advisory say-on-pay resolution for 2025 executive compensation.
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
LKQ reports Q1 2026 revenue up 4.3% to $3,469M, net income down to $77M, and lowers diluted EPS outlook
First quarter 2026 revenue was $3,469 million, up 4.3% from $3,327 million in Q1 2025.
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Net income from continuing operations was $77 million, down from $158 million in Q1 2025, including a $44 million impairment of an equity method investment in Mekonomen.
Adjusted net income was $171 million, down from $193 million; adjusted diluted EPS was $0.67, down 9.5% from $0.74.
The company reaffirmed its 2026 outlook for organic revenue growth, adjusted diluted EPS, operating cash flow, and free cash flow, but lowered diluted EPS outlook to $2.16-$2.46 from $2.35-$2.65.
Board initiated a comprehensive review of strategic alternatives, with BofA Securities and Goldman Sachs as financial advisors; a $0.30 per share dividend was declared for Q2 2026.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
LKQ reports Q4 2025 revenue of $3.3B, full-year 2025 revenue of $13.7B, and provides 2026 outlook
Q4 2025 revenue was $3.3 billion, up 2.7% from $3.2 billion in Q4 2024; net income was $75 million, down from $151 million, and diluted EPS was $0.29, down 50.0%.
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Full-year 2025 revenue was $13.7 billion, down 1.3% from $13.8 billion in 2024; net income was $596 million, down from $666 million, and diluted EPS was $2.31, down 8.7%.
Adjusted diluted EPS for Q4 2025 was $0.59, down 24.4% from $0.78; for full-year 2025, adjusted diluted EPS was $3.01, down 11.2% from $3.39.
Full-year 2025 operating cash flow was $1.1 billion and free cash flow was $847 million; total debt was $3.7 billion with leverage of 2.4x EBITDA as of December 31, 2025.
2026 outlook: organic revenue growth for parts and services of (0.5%) to 1.5%, diluted EPS of $2.35 to $2.65, adjusted diluted EPS of $2.90 to $3.20, operating cash flow of $900 to $1,100 million, and free cash flow of $700 to $850 million.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
LKQ Corporation initiates comprehensive strategic review, including potential sale of the company
On January 26, 2026, LKQ Corporation announced its Board of Directors has initiated a comprehensive review of strategic alternatives to enhance shareholder value.
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The review may include a potential sale of the company, and there is no deadline or assurance of any transaction.
The company is separately continuing its previously announced process to explore the potential sale of its Specialty segment.
LKQ has engaged BofA Securities as financial advisor and Wachtell, Lipton, Rosen & Katz as legal counsel.
Chairman John Mendel stated the review aims to unlock value not reflected in current valuation.
8.01 Other Events · 9.01 Financial Statements and Exhibits
LKQ extends revolving credit maturity to 2030 and CAD note to 2029 via amendments
On December 17, 2025, LKQ entered Amendment No. 5 to its Credit Agreement, extending the Revolving Credit Maturity Date to December 17, 2030; the Term Loan Maturity Date remains January 5, 2027.
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The same day, LKQ entered Amendment No. 4 to its Term Loan Credit Agreement (CAD Note), extending its Maturity Date to March 17, 2029.
On November 26, 2025, LKQ entered Amendment No. 4 to the Credit Agreement and Amendment No. 3 to the CAD Note, which made conforming changes related to the definition of 'UK Joint Venture'.
The November amendments were not deemed material definitive agreements but were filed voluntarily to provide investors additional information.
All amendments involve Wells Fargo Bank, National Association, as Administrative Agent, and are attached as exhibits to the 8-K.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits