Description
LKQ Corporation’s Hidden $50 Million Hit — Germany’s ERP Reset Derails Momentum!
LKQ Corporation reported second-quarter 2026 results reflecting a mixture of operational progress and ongoing challenges across its key regions and segments. Consolidated revenue was approximately $3.4 billion, slightly below the prior year period’s $3.5 billion, driven primarily by softness in Europe. Adjusted diluted earnings per share (EPS) declined to $0.67 from $0.84 year-over-year, largely reflecting operating disruptions related to an ERP implementation in Germany and persistent market softness in parts of Europe. The North American segment delivered positive organic revenue growth of 0.5%—its first increase since 2023—supported by a 2% rise in aftermarket collision revenue and mid-single-digit growth in Canadian hard parts. Notably, alternative part utilization exceeded 40%, a record high for the company, as insurance carriers sought cost reductions amid lower insurance CPI.
