LKQ Corporation Shareholders Urged to Act Before June 22 in Ongoing Securities Fraud Lawsuit

LOS ANGELES, June 2026 – Shareholders of LKQ Corporation (NASDAQ: LKQ) who experienced financial losses may have an important opportunity to participate in an ongoing securities fraud class action lawsuit. Investor rights law firm Glancy Prongay Wolke & Rotter LLP has issued a reminder that the deadline to seek appointment as lead plaintiff in the case is June 22, 2026. The lawsuit was filed on behalf of investors who purchased or otherwise acquired LKQ common stock between February 27, 2023, and July 23, 2025.

Background of the Legal Action

The class action alleges that LKQ Corporation and certain company executives made materially misleading statements regarding the company's business performance, acquisition strategy, and growth prospects during the class period. According to the complaint, investors were not provided with complete and accurate information concerning challenges associated with the integration of acquired businesses and the impact these issues were having on LKQ's financial performance.

Key Allegations Against LKQ Corporation

The lawsuit centers on claims that LKQ failed to adequately disclose significant operational problems connected to its acquisition and integration activities. Specifically, the complaint alleges that:

• FinishMaster, an automotive paint and coatings distributor associated with LKQ's business strategy, was allegedly losing major customers following acquisition-related developments.
• The acquired business was reportedly unable to sustain or expand LKQ's market position as expected.
• Risks connected to the Uni-Select acquisition and FinishMaster integration had already materialized and were negatively affecting operational and financial performance.
• As a result, public statements made by the company regarding business conditions, growth opportunities, and future prospects may have been materially misleading to investors.

The plaintiffs argue that investors suffered damages after the market learned more about these alleged operational and financial challenges.

Who May Be Eligible to Participate?

The proposed class includes individuals and entities that purchased or otherwise acquired LKQ Corporation common stock during the period from February 27, 2023, through July 23, 2025. Investors who incurred losses during this timeframe may be eligible to participate in the lawsuit and potentially seek recovery if the claims are ultimately successful.

Importance of the Lead Plaintiff Deadline

A significant milestone in the litigation is the upcoming June 22, 2026 deadline. Investors wishing to serve as lead plaintiff must file the necessary motion with the court before this date.

The lead plaintiff acts on behalf of all class members, helping guide the litigation and working with legal counsel throughout the case. However, investors do not need to become lead plaintiffs to remain eligible as members of the proposed class. Eligible shareholders may still participate in any potential recovery if the case succeeds, regardless of whether they seek a leadership role.

What Investors Should Know

Legal experts note that securities class actions are designed to provide investors with a mechanism to seek compensation when they believe a company has violated federal securities laws through misleading statements or omissions of material information.

At this stage, the allegations contained in the complaint have not been proven in court, and LKQ Corporation has not been found liable for any wrongdoing. The litigation remains in its early phases, and future court proceedings will determine the merits of the claims presented by investors.

Role of Glancy Prongay Wolke & Rotter LLP

Glancy Prongay Wolke & Rotter LLP, the law firm publicizing the deadline reminder, is known for representing investors in securities litigation and complex class action matters. The firm has encouraged shareholders who experienced losses to learn more about their legal rights and options before the June 22 deadline.

Potential Impact on Investors

The outcome of the lawsuit could have implications for current and former LKQ shareholders. If the plaintiffs ultimately prevail and the court certifies the class, eligible investors may have an opportunity to recover a portion of their losses through a settlement or judgment. However, the final outcome remains uncertain and will depend on evidence presented during the litigation process.

Looking Ahead

With the June 22, 2026 deadline approaching, affected investors are being encouraged to review their investment records and understand their rights under federal securities laws. As the litigation progresses, additional court filings and developments may provide further insight into the allegations surrounding LKQ's acquisition strategy, business performance disclosures, and investor communications.

Disclaimer: The allegations described in the lawsuit are claims made by the plaintiffs and have not been proven in court. LKQ Corporation is presumed not liable unless and until liability is established through legal proceedings or settlement.

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