Kettle Hill Dumps 777,000 LKQ Shares Worth $23.4 Million

Core Insights - Kettle Hill Capital Management reduced its position in LKQ by 777,476 shares, valued at approximately $23.45 million, leading to a decrease in the holding's value to $11.65 million, down $23.88 million from the previous quarter [1] Company Overview - LKQ reported a total revenue of $13.65 billion and a net income of $596 million for the trailing twelve months (TTM) [3] - The company has a dividend yield of 3.81% and its share price was $32.51 as of February 17, 2026 [3] Company Snapshot - LKQ is a leading global distributor of automotive replacement parts, operating in North America and Europe, supplying both new and recycled components for vehicle repair and maintenance [5][7] - The company serves various customers including collision and mechanical repair shops, new and used car dealerships, and retail consumers [7] Recent Developments - LKQ's shares have decreased by 16.8% over the past year, underperforming the S&P 500 by 28.8 percentage points [6] - The company is undergoing a transition and has been pressured by activist investor Ananym Capital to sell parts of its business [6] - In November, LKQ announced it was working with Bank of America to sell its specialty parts division, Keystone Automotive Industries, which could be valued at around $1 billion [8] - The board is exploring strategic options, including a potential sale of the company, and a board director has opted not to seek re-election [8]