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LKQ Q2 revenue falls 6% as Europe faces ERP issues; North America shows first organic growth in 9 quarters

Company Fundamentals
05 Aug 2026
Seeking Alpha
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Neutral
LKQ Q2 revenue falls 6% as Europe faces ERP issues; North America shows first organic growth in 9 quarters

LKQ Corporation reported a 6% decline in Q2 revenue to $3.4 billion, with EBITDA margin dropping to 10.2% and adjusted EPS at $0.67. North America saw its first positive organic growth in nine quarters, driven by increased use of alternative parts and steady aftermarket demand. However, European operations struggled due to ERP system disruptions, causing a $140 million revenue and $50 million EBITDA drag. The stock trades at 8x next twelve months P/E, reflecting market caution until operational improvements are evident.

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