LKQ Withdraws 2026 Guidance, Names Salvatore Abbate CEO

LKQ Corporation announced preliminary, unaudited results for the third quarter ended September 30, 2026, reporting revenue of $3.32 billion and an expected net loss of $16 million to $32 million, largely driven by operational disruptions in Europe. The company also announced that Salvatore A. Abbate will become President and Chief Executive Officer effective December 15, 2026, while Andy Hamilton is departing his role as President and Managing Director of LKQ Europe. To address performance issues, the Board has engaged Alvarez & Marsal to advise on European operations, focusing on service levels and cost discipline. Consequently, the company has withdrawn its full-year 2026 financial guidance. Full third-quarter results are scheduled for release on October 29, 2026.