LKQ Corporation: North America Improved, But Europe Is Still A Drag
LKQ reported Q2 results with revenue down 6% year-over-year to $3.4B, consolidated EBITDA margin down 160 basis points to 10.2%, and adjusted EPS falling to $0.67. North America posted its first positive organic growth in nine quarters, boosted by alternative-parts adoption and stable aftermarket demand, while European operations were hampered by ERP disruptions and lost wallet share.
Why it matters — LKQ watchers would care because the report shows improving North American momentum being offset by continued weakness in the European business, leaving the company's overall outlook mixed.