Deadline Soon: LKQ Corporation (LKQ) Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming June 22, 2026 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired LKQ Corporation (“LKQ” or the “Company”) (NASDAQ: LKQ) common stock between February 27, 2023 and July 23, 2025, inclusive (the “Class Period”).

IF YOU ARE AN INVESTOR WHO LOST MONEY ON LKQ CORPORATION (LKQ), CLICK HERE TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT.

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 or otherwise acquired LKQ common stock between February 27, 2023 and July 23, 2025, the deadline to seek appointment as the lead plaintiff in the securities fraud class action is June 22, 2026.

Contact Us To Participate or Learn More:
If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact us:
Frank R. Cruz
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: [e-mail] our website at www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.