LKQ Q1 Revenue Drops to $3.46 Billion

LKQ Corporation reported a 6.5% decline in first-quarter revenue to $3.46 billion, missing analyst expectations and causing its stock to fall as much as 11%. The company’s adjusted earnings per share was $0.79, meeting or slightly beating analyst estimates but down from the previous year. The revenue decrease was primarily due to reduced consumer demand for auto repairs stemming from high insurance premiums, inflation, and ongoing U.S. tariffs, impacting specialty and international segments. While some business units performed as expected or better, overall organic revenue and cash flow declined year over year. Management maintained full-year guidance but acknowledged continued pressure from tariffs and shifting consumer spending patterns, with a dedicated task force monitoring the situation. LKQ is focusing on operational improvements and cost controls to counteract these external challenges and sustain long-term value.