Auto parts distributor LKQ cuts 2024 profit forecast on sluggish demand

By Yahoo! Finance | Oct 24, 2024 at 07:05 AM EST

Auto parts distributor LKQ Corp reduced its 2024 profit forecast due to decreased demand for vehicle parts as consumers opt for fewer repairs. Rising insurance premiums and repair costs are causing consumers to hesitate on repairable claims. CEO Justin Jude mentioned a challenging economic environment affecting business.

Did you find this insightful?

Bad

Just Okay

Amazing

We are preparing, please wait

New Alert

Select an alert type

Sentiment Spike

Send email alert if news sentiment changes significantly

Mentions Spike

Send email alert if has a surge in mentions

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.