Portnoy Law Firm Announces Class Action on Behalf of LKQ Corporation Investors
LOS ANGELES, June 02, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises LKQ Corporation, (“LKQ” or the "Company") (NASDAQ: LKQ) investors of a class action on behalf of investors that bought securities 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.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https://portnoylaw.com/LKQ-corporation. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On February 2023, LKQ announced plans to acquire its competitor, Uni-Select Incorporated (“Uni-Select”), including Uni-Select’s United States operating subsidiary, FinishMaster. On April 23, 2024, LKQ lowered its financial guidance, citing slow demand in its North American segment, where FinishMaster was being integrated. LKQ also announced that CEO Dominick Zarcone, who oversaw the Uni-Select acquisition, was leaving the Company. 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. Then, on July 25, 2024, LKQ reported disappointing earnings for its second fiscal quarter of 2024. LKQ revealed that it had missed revenue estimates for the quarter and further lowered its financial guidance for the rest of the fiscal year, again blaming slowing demand on its North American segment. On these disclosures, LKQ’s stock price fell $5.53 per share, or 12.4%, to close at $38.95 per share on July 25, 2024. On October 24, 2024, LKQ revealed that the FinishMaster business was, in fact, losing business, including major customers, to LKQ’s competitors. LKQ revealed that these losses began “pre-acquisition or pre-closing and leading into post-acquisition.” Then, on April 24, 2025, LKQ revealed that its North American market segment, where FinishMaster was now fully integrated, had continued to lose market share due to competitors consistently undercutting LKQ on price, causing LKQ to miss revenue and margin targets. Following these disclosures, LKQ’s stock price fell $4.87 perf share, or 11.6%, to close at $37.26 per share on April 24, 2025. Finally, on July 24, 2025, LKQ disclosed that its worsening market share losses had caused the Company to miss margin targets again. 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.
On this news, Sportradar's stock price fell $3.80 per share, or 22.6%, to close at $13.04 per share on April 22, 2026.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
Attorney Advertising
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
