LKQ Corporation (LKQ)
NASDAQ:LKQ
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.71Last Year’s EPS
0.87Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed but constructive picture: solid revenue growth (+4.3% YoY), sequential improvements in North America and parts of Europe, record alternative part utilization near 40%, and reaffirmed full-year guidance and cost-savings targets. Offsetting these positives were margin pressure from tariffs and mix, a Q1 free cash flow weakness (negative $96M), a GAAP impairment related to Mekonomen that reduced reported EPS, and continued softness in some European markets. Management emphasized operational discipline, strategic review activity, and early signs of recovery, but several headwinds remain that could temper near-term upside.Company Guidance
Consolidated Revenue Growth
Reported revenues of $3.5 billion, a 4.3% year-over-year increase, reflecting top-line momentum across the business.
North America Recovery and Market Share
North America organic revenue declined only 0.5% on a per day basis (improvement from -4.1% prior year and -1% in Q4), with management noting market share gains and sequential improvement.
Alternative Parts Utilization (APU) Record Levels
Alternative parts utilization reached nearly 40% through February (March remained close), supporting aftermarket collision growth and margin dollars.
Aftermarket & Elitek Strength
Aftermarket collision product line outperformed segment growth; Elitek (calibration/diagnostics) delivered strong organic growth and healthy EBITDA margins amid rising calibration demand (estimated calibration requirement increased to ~75% from ~62% three years ago).
Overall Positive Margin/Cost Discipline Progress
North America SG&A improved by ~90 basis points year-over-year and North America segment EBITDA was 14.1%, up 140 basis points sequentially, indicating operating discipline and sequential margin recovery.
Used Car Price Improvement Driving Repairable Claims
Used car values improved every month in the quarter (Q1 up ~3.6%), with March up 6.2%, contributing to a reduction in total loss frequency and supporting repairable-claim volumes.
Specialty Business Momentum
Specialty organic revenue was up 3.4%, marking three consecutive quarters of positive organic growth; RV and marine verticals showed robust demand.
Private Label Traction in Europe
European private label penetration reached 25.3% (up from 25.1% in Q4), with sequential improvement in private label margins and a plan to migrate introductory pricing toward regular pricing as adoption increases.
Reaffirmed Full-Year Guidance and Cash Generation Outlook
Management reaffirmed full-year guidance: organic parts & services revenue between -0.5% and +1.5%, adjusted EPS $2.90–$3.20, and free cash flow $700M–$850M, stressing the expectation of positive free cash flow in later quarters.
Balance Sheet & Capital Allocation
Total debt $3.9B with leverage ~2.6x EBITDA and effective interest rate ~5.0%; returned $77M in dividends and completed two small tuck-in European acquisitions for $5M, while targeting >$50M in annual cost savings in 2026.
ERP Conversion Progress
Completed a planned ERP migration in a key European market (go-live early April), project ahead of initial expectations with daily sales improvement post-conversion and expected long-term process standardization and cost benefits.
LKQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LKQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $30.66 | $31.58 | +3.00% |
Feb 19, 2026 | $32.90 | $33.20 | +0.90% |
Oct 30, 2025 | $29.45 | $30.55 | +3.73% |
Jul 24, 2025 | $37.49 | $30.81 | -17.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does LKQ Corporation (LKQ) report earnings?
LKQ Corporation (LKQ) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is LKQ Corporation (LKQ) earnings time?
LKQ Corporation (LKQ) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is LKQ EPS forecast?
LKQ EPS forecast for the fiscal quarter 2026 (Q2) is 0.71.