LKQ Corporation stock: Cooke & Bieler cuts LKQ stake 28.20 percent before results
Published on 10/23/2026 at 05:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSStake changes before quarterly results
- Cooke & Bieler sold 1.03 million LKQ shares in the third quarter on October 22, 2026.
- Second-quarter revenue reached USD 3.41 billion, while adjusted earnings per share came to USD 0.67 in the quarter ended June 30, 2026.
- LKQ Corporation had a USD 5.7 billion market capitalization and a USD 21.17 to USD 37.13 52-week range as of October 22, 2026.
- LKQ Corporation is scheduled to release third-quarter results on October 29, 2026.
LKQ Corporation (ISIN US5018892084) saw Cooke & Bieler LP cut its stake by 28.20 percent in the third quarter, selling 1.03 million shares, according to MarketBeat on October 22, 2026. The filing adds a fresh ownership signal before the auto-parts distributor reports its third-quarter results.
Ownership changes add a new signal
MarketBeat reported that Cooke & Bieler retained 2.62 million LKQ shares after the sale, worth USD 59.8 million at the end of the quarter. Institutional investors collectively held 95.63 percent of LKQ, making the filing part of a broad ownership picture rather than a change in company operations.
The latest operating comparison remains challenging. In the second quarter ended June 30, 2026, LKQ generated revenue of USD 3.41 billion, down 3.00 percent from USD 3.50 billion a year earlier, while adjusted earnings per share fell to USD 0.67 from USD 0.84, according to Fortune. Europe Parts and Services organic revenue declined 12.60 percent, while North America parts and services organic revenue increased 0.50 percent in the same quarter.
What does the next report need to show?
The next report will test whether the regional split is improving. LKQ Corporation scheduled its third-quarter release for October 29, 2026, with a conference call at 8:00 a.m. ET. MarketBeat cited an average analyst target of USD 30.58 and a Hold consensus, but the report will provide the next operating evidence.
Three events shape the setup
On July 30, 2026, LKQ reported second-quarter revenue of USD 3.41 billion and adjusted earnings per share of USD 0.67, according to MarketBeat. On October 8, 2026, JPMorgan cut its target from USD 30.00 to USD 27.00 while keeping an Overweight rating, as reported by Markets Insider. On October 22, 2026, Cooke & Bieler cut its stake by 28.20 percent.
LKQ stays near its yearly low
LKQ had a market capitalization of USD 5.7 billion and a 52-week range of USD 21.17 to USD 37.13 as of October 22, 2026. The next dated catalyst is the October 29, 2026 earnings release, which will put the company's European recovery and North American growth under fresh scrutiny. The further course of trading is shown by the continuously updated real-time quote of LKQ Corporation stock.
LKQ Corporation market facts
- Company: LKQ Corporation
- ISIN: US5018892084
- Ticker: LKQ
- Primary exchange: Nasdaq
- Market capitalization: USD 5.7 billion (as of October 22, 2026)
- 52-week range: USD 21.17-USD 37.13 (as of October 22, 2026)
- Sector / Industry: Consumer Discretionary / Auto Parts
Market context: Market report S&P 500.
