By Dean Seal
Shares of LKQ fell after the company reported first-quarter revenue that undershot analyst estimates and said it is monitoring the tariff situation closely to see if it will impact guidance.
The stock was down 11% at $37.47 in early trading. Shares are still up slightly year to date.
The auto-parts distributor said before the bell Thursday that revenue fell 6.5% to $3.46 billion in the first three months of the year, missing analyst projections for $3.58 billion, according to FactSet.
A big part of the decline came on an organic basis, with changes in foreign-currency translation and the impact of acquisitions and divestitures weighing on the top line too.
The Antioch, Tenn., company left its guidance unchanged, but said it has formed a dedicated task force to monitor the evolving global tariff war and prepare for potential impacts to the business.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
April 24, 2025 10:29 ET (14:29 GMT)
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