Insightful Analysis of LKQ Corp's Financial Health and Market Position
Shares of automotive parts company LKQ (NASDAQ:LKQ) fell 15.2% in the afternoon session after the company reported second-quarter earnings results, with its revenue, organic revenue, and EPS falling short of Wall Street's estimates. On top of that, it significantly lowered its full-year organic revenue and EPS guidance. The company attributed the weakness to "lower repairable claims in North America and difficult macroeconomic conditions in Europe." While the headwinds are considered temporary,