LKQ Corporation (LKQ) Faces Investor Scrutiny Amid Enterprise Resource Planning System Surprises, CEO Departure; Shares Trade Sharply Lower Again – HBSS
Hagens Berman opened an investigation into whether LKQ was sufficiently transparent about its European ERP implementation; the release is a plaintiff-firm solicitation seeking investors with losses, not an issuer disclosure or filed lawsuit. It recaps previously reported events: an October 23 Q3 2026 report showing a $16 million net loss (vs. $79 million in Q2 and $178 million a year earlier), the immediate departure of CEO Justin Jude, and a 22% single-day share decline that capped a roughly $2.2 billion three-month market-cap loss.
Key figures
- Eps
- 0
- Revenue Yoy
- Europe accounted for 46% of the company's total revenue during 2025 (segment share, not growth)
- Q3 2026 net loss
- 16000000
- Q2 2026 net income
- 79000000
- Jul30 share decline
- -14%
- Market cap loss 3mo
- $2.2 billion
- Oct23 share decline
- -22%
- Prior year q3 net income
- 178000000
AI analysis
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