LKQ (LKQ) Q2 FY26 earnings call

LKQ's second quarter saw North America return to positive organic growth, driven by improving collision market indicators and record alternative part utilization. However, this was overshadowed by significant ERP implementation challenges in Germany, leading to a substantial decline in European revenue and profitability. Management is focused on stabilizing the European operations and executing recovery plans, while maintaining long-term strategic priorities and a disciplined capital allocation approach.