LKQ Investors File Class Action Over Uni-Select Acquisition Claims
Robbins LLP is notifying investors that a securities class action lawsuit has been initiated on behalf of individuals and entities that purchased or otherwise acquired common stock of LKQ Corporation (NASDAQ: LKQ) between February 27, 2023, and July 23, 2025. LKQ operates globally as a supplier of alternative collision repair parts, recycled automotive components, engines, and related vehicle replacement products.
Investors seeking additional information may contact attorney Aaron Dumas Jr. by submitting an inquiry form, sending an email, or calling (800) 350-6003.
Class Period: February 27, 2023 – July 23, 2025
Allegations Against LKQ Corporation
The lawsuit alleges that LKQ Corporation misled investors regarding the anticipated benefits and value of its acquisition of Uni-Select Incorporated.
According to the complaint, throughout the class period, LKQ consistently promoted the acquisition as a strong strategic move designed to strengthen the company’s operations and support profitable growth. When announcing the deal in February 2023, LKQ described the transaction as an ideal strategic fit and emphasized that it carried limited integration risks. The company also stated that Uni-Select’s FinishMaster division would enhance LKQ’s scale and product portfolio, improving its competitive position within the North American automotive paint market. As integration efforts progressed, management reportedly assured investors that the process was proceeding as planned and would unlock significant revenue synergies.
The plaintiff contends that these representations were materially inaccurate and misleading. The complaint alleges that FinishMaster had already been experiencing customer losses and declining market share, including the departure of major clients that significantly contributed to revenue. According to later disclosures by LKQ, these customer losses had begun before the acquisition and worsened during the integration process. As information regarding these issues became public, LKQ’s share price reportedly declined, resulting in losses for investors.
Shareholder Options
Investors who acquired LKQ securities during the class period may be eligible to participate in the lawsuit. Shareholders interested in serving as lead plaintiff must file the necessary documents with the court by June 22, 2026. The lead plaintiff acts on behalf of all class members and helps oversee the litigation. Participation as a lead plaintiff is not required to share in any potential recovery. Investors who choose not to take action may remain members of the class and retain their rights under any future settlement or judgment.
Click here to know more.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
Investors seeking additional information may contact attorney Aaron Dumas Jr. by submitting an inquiry form, sending an email, or calling (800) 350-6003.
Class Period: February 27, 2023 – July 23, 2025
Allegations Against LKQ Corporation
The lawsuit alleges that LKQ Corporation misled investors regarding the anticipated benefits and value of its acquisition of Uni-Select Incorporated.
According to the complaint, throughout the class period, LKQ consistently promoted the acquisition as a strong strategic move designed to strengthen the company’s operations and support profitable growth. When announcing the deal in February 2023, LKQ described the transaction as an ideal strategic fit and emphasized that it carried limited integration risks. The company also stated that Uni-Select’s FinishMaster division would enhance LKQ’s scale and product portfolio, improving its competitive position within the North American automotive paint market. As integration efforts progressed, management reportedly assured investors that the process was proceeding as planned and would unlock significant revenue synergies.
The plaintiff contends that these representations were materially inaccurate and misleading. The complaint alleges that FinishMaster had already been experiencing customer losses and declining market share, including the departure of major clients that significantly contributed to revenue. According to later disclosures by LKQ, these customer losses had begun before the acquisition and worsened during the integration process. As information regarding these issues became public, LKQ’s share price reportedly declined, resulting in losses for investors.
Shareholder Options
Investors who acquired LKQ securities during the class period may be eligible to participate in the lawsuit. Shareholders interested in serving as lead plaintiff must file the necessary documents with the court by June 22, 2026. The lead plaintiff acts on behalf of all class members and helps oversee the litigation. Participation as a lead plaintiff is not required to share in any potential recovery. Investors who choose not to take action may remain members of the class and retain their rights under any future settlement or judgment.
Click here to know more.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
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