{"id":954459,"date":"2026-04-23T17:29:54","date_gmt":"2026-04-23T21:29:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-lkq-corporation-lkq\/"},"modified":"2026-04-23T17:29:54","modified_gmt":"2026-04-23T21:29:54","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-lkq-corporation-lkq","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-lkq-corporation-lkq\/","title":{"rendered":"Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against LKQ Corporation (LKQ)"},"content":{"rendered":"
\n

NEW YORK, April 23, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Middle District of Tennessee on behalf of all persons or entities who purchased or otherwise acquired LKQ Corporation (\u201cLKQ\u201d or the \u201cCompany\u201d) (NASDAQ: LKQ) securities between February 27, 2023 and July 23, 2025, inclusive (the \u201cClass Period\u201d).<\/p>\n

The Complaint alleges that throughout the Class Period, LKQ repeatedly touted the benefits of the acquisition. The Complaint alleges that in announcing the acquisition in February 2023, LKQ represented that the acquisition was a \u201ccompelling strategic fit\u201d to \u201cenhance LKQ\u2019s business and drive profitable growth.\u201d The Complaint alleges that LKQ also represented that the acquisition presented \u201cminimal integration risk,\u201d including because \u201cUni- Select\u2019s FinishMaster business improves LKQ\u2019s scale and product mix to compete\u201d in the North American automotive paint segment.<\/p>\n

The Complaint states that in truth, FinishMaster was losing major customers and market share, including the business of key clients that were critical to revenue. The Complaint states as LKQ later admitted, these customer losses began before the acquisition started and only grew worse as LKQ continued to integrate FinishMaster into its operations.<\/p>\n

The truth began to emerge on April 23, 2024, when LKQ surprised investors by lowering its financial guidance, blaming slow demand in its North American segment, where FinishMaster was being integrated. The Complaint alleges that the Company also announced that CEO Dominick Zarcone, who oversaw the Uni-Select acquisition, was departing the Company, as a result of these disclosures, the price of LKQ stock declined by $7.28 per share, or 14.9%. The Complaint states, however, the Company reassured investors that the Uni-Select acquisition \u201cwas the right thing to do long term\u201d and that the Company had \u201cuncovered additional synergies\u201d during the integration of FinishMaster.<\/p>\n

Investors who purchased or otherwise acquired shares of LKQ should contact the Firm prior to the June 22, 2026<\/em><\/strong> lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com<\/u><\/a> or gegleston@gme-law.com<\/u><\/a>.<\/p>\n

Please visit our website at http:\/\/www.gme-law.com<\/u><\/a> for more information about the firm.<\/p>\n

\"\"
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<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, April 23, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Middle District of Tennessee on behalf of all persons or entities who purchased or otherwise acquired LKQ Corporation (\u201cLKQ\u201d or the \u201cCompany\u201d) (NASDAQ: LKQ) securities between February 27, 2023 and July 23, 2025, inclusive (the \u201cClass Period\u201d). The Complaint alleges that throughout the Class Period, LKQ repeatedly touted the benefits of the acquisition. The Complaint alleges that in announcing the acquisition in February 2023, LKQ represented that the acquisition was a \u201ccompelling strategic fit\u201d to \u201cenhance LKQ\u2019s business and drive profitable growth.\u201d The Complaint alleges that LKQ also represented that … <\/p>\n

Continue reading “Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against LKQ Corporation (LKQ)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-954459","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against LKQ Corporation (LKQ) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-lkq-corporation-lkq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against LKQ Corporation (LKQ) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, April 23, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Middle District of Tennessee on behalf of all persons or entities who purchased or otherwise acquired LKQ Corporation (\u201cLKQ\u201d or the \u201cCompany\u201d) (NASDAQ: LKQ) securities between February 27, 2023 and July 23, 2025, inclusive (the \u201cClass Period\u201d). The Complaint alleges that throughout the Class Period, LKQ repeatedly touted the benefits of the acquisition. 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