LKQ ($LKQ) FinishMaster Customer Losses and Integration Problems Case

Investors can submit applications for the lead plaintiff role.

M.D. Tennessee

Court

3:26-cv-00498

Case number

02/27/2023

Class period Start

07/23/2025

Class period End

06/22/2026

Lead Plaintiff motion deadline

$LKQ investors filed a claim against LKQ for allegedly hiding that FinishMaster was losing major customers and hurting LKQ’s North America business before and after the Uni-Select deal.
After LKQ cut guidance, cited weak North America results during the FinishMaster integration, and announced CEO Dominick Zarcone’s departure, $LKQ fell 14.9% on April 23, 2024.
$LKQ investors can join this case to be notified about potential recovery.
Case Details:

Between February 27, 2023 and July 23, 2025, LKQ told investors the Uni-Select acquisition and FinishMaster integration would strengthen its North America business and drive profitable growth. Executives emphasized minimal integration risk, strong cost savings, and that the deal would protect market share and create new revenue opportunities.

However, during this period, investors allege FinishMaster was already losing important customers and that the problem worsened as LKQ folded the business into its operations. LKQ allegedly failed to disclose that it FinishMaster had begun losing key accounts before the acquisition closed. Those losses were eroding market share and revenue in North America, and the integration was not delivering the growth and margin benefits LKQ was promoting.

Then, on April 23, 2024, the company cut revenue and earnings guidance, pointed to worsening North America performance, and disclosed Zarcone’s departure. $LKQ fell 14.9%, closing at $41.58. 

Additional revelations followed on October 24, 2024, including that FinishMaster had been losing business since before the deal closed. 

By July 24, 2025, shares had dropped to $31.77, representing a total decline of 35.0% over the correction period.

Based on these events, $LKQ investors filed a claim against LKQ, alleging the company:
It hid that FinishMaster was losing key customers.
It overstated the benefits and low-risk nature of the Uni-Select deal while its North America business was losing share.
It caused investors to buy LKQ stock at inflated prices until repeated disclosures exposed the customer losses, margin pressure, and market-share decline.
Investors argue LKQ misled the market about the health of FinishMaster and the benefits of the Uni-Select acquisition, causing losses when the truth emerged.

Case Type

US Securities Class Action

Case Status

Lead Plaintiff Submission

Alleged Offence

Misleading Statements,

Fraud,

Failure to Disclose,

Omissions

Suspected Party

Management

Security Type

Stocks

Trade Direction

Long

Shock Event Date

04/23/2024

Filing date

04/22/2026

Lead Plaintiff Deadline

06/22/2026

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