Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Middle District of Tennessee on behalf of shareholders of LKQ Corporation who purchased shares between February 27, 2023 and July 23, 2025.
According to the Complaint, LKQ and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. The claims against Defendants arise from misrepresentations related to the Company’s acquisition of FinishMaster, completed in August 2023, and subsequent integration.
On July 24, 2025, the Company reported second-quarter adjusted earnings that missed analyst expectations and significantly cut its full-year guidance. Among other things, the Company disclosed that its Wholesale North America segment’s margin performance continued to decline, with the Company missing EBITDA targets by approximately $20 million and suffering a year-over-year decline of 11% primarily due to increased competition from others in the industry.
On this news, the price of LKQ’s shares fell by 17.8%. or $6.88 per share.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until June 22, 2026 to request that the court appoint them lead plaintiff.