Law Offices of Frank R. Cruz Encourages LKQ Corporation (LKQ) Shareholders To Inquire About Securities Fraud Class Action

Law Offices of Frank R. Cruz Encourages LKQ Corporation (LKQ) Shareholders To Inquire About Securities Fraud Class Action LOS ANGELES--( BUSINESS WIRE)-- The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of shareholders who purchased or otherwise acquired LKQ Corporation (“LKQ” or the “Company”) (NASDAQ: LKQ) common stock between February 27, 2023 and July 23, 2025, inclusive (the “Class Period”). LKQ investors have until June 22, 2026 to file a lead plaintiff motion.

IF YOU SUFFERED A LOSS ON YOUR LKQ CORPORATION (LKQ) INVESTMENTS, CLICK HERE TO SUBMIT A CLAIM TO POTENTIALLY RECOVER YOUR LOSSES IN THE ONGOING SECURITIES FRAUD LAWSUIT.

You can also contact the Law Offices of Frank R. Cruz to discuss your legal rights by email at info@frankcruzlaw.com, by telephone at (310) 914-5007, or visit our website at www.frankcruzlaw.com.

What Happened?

On April 23, 2024, LKQ lowered its full-year 2024 financial guidance, citing worsening performance in its North American operations, where the Company’s recently acquired subsidiary FinishMaster, was being integrated, while attributing the decline in part to slowing demand and warmer weather, and announcing the departure of its CEO.

On this news, LKQ’s stock price fell $7.28 per share, or 14.9%, to close at $41.65 per share on April 23, 2024, thereby injuring investors.

Then, on July 25, 2024, LKQ reported second quarter 2024 financial results that missed its previously reduced expectations and again lowered its full-year 2024 guidance, citing continued weakness in its North American segment.

On this news, LKQ’s stock price fell $5.53 per share, or 12.4%, to close at $5.53 per share on July 25, 2024, thereby further injuring investors.

Next, on April 24, 2025, LKQ reported that its Wholesale North America segment, where FinishMaster was fully integrated, missed revenue targets by approximately $200 million and disclosed that, contrary to its prior assurances that FinishMaster would improve margins, the segment missed EBITDA targets and experienced a year-over-year margin decline.

On this news, LKQ’s stock price fell $4.87 per share, or 11.6%, to close at $37.26 per share on April 24, 2025, thereby further injuring investors.

Finally, on July 24, 2025, LKQ reported that its segment margin performance continued to deteriorate, attributing the declines to competitors taking market share by undercutting pricing. The Company again missed EBITDA targets by approximately $20 million and disclosed a year-over-year margin decline of 11%, while admitting that the declines were predominantly driven by business losses due to increased competition for FinishMaster.

On this news, LKQ’s stock price fell $6.88 per share, or 17.8%, to close at $31.73 per share on July 24, 2025, thereby further injuring investors.

What Is The Lawsuit About?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) FinishMaster was losing major customers from the time the acquisition was announced and its business could not sustain, let alone grow, LKQ’s eroding market share; (2) such risks regarding the Uni-Select acquisition and FinishMaster integration had already materialized and were negatively impacting LKQ’s operational and financial performance; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you purchased LKQ common stock, wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please click HERE or contact us at:

Law Offices of Frank R. Cruz

2121 Avenue of the Stars, Suite 800

Telephone: 310-914-5007

Email: info@frankcruzlaw.com

Visit our website at: www.frankcruzlaw.com

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