LKQ Stock Plummets, Despite Mixed Q3 Results

LKQ Corporation, a significant player in the auto parts industry, has experienced a substantial drop in its stock price, with a decline of nearly 32% from its 52-week high. Despite a slight increase in overall revenue, the companys stock has underperformed compared to the Dow Jones Industrial Average. LKQs third-quarter results showed mixed performance, with a decrease in parts and services revenue but an increase in overall revenue due to favorable currency exchange rates. However, the companys stock price has continued to decline, falling 17% since the beginning of the year and 20% over the past 52 weeks.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.