LKQ Corp., the parent company of NTP-Stag, recently said that the company is still exploring a potential sale of its Specialty division, which includes NTP-Stag.
However, LKQ Corp. President and CEO Justin Jude said world affairs were affecting potential sale discussions.
At the end of 2025, Jude told investors the Specialty division received strong interest from strategic buyers and financial sponsors. He said the story remains true.
“At the same time, the recent geopolitical tension has introduced uncertainty into the credit markets,” Jude said, “and some potential buyers have seen their lenders tighten financing terms.”
As a result, Jude said the sales process continues, but the company felt obligated to provide a public update.
“We are still early in the process,” he said, “and we intend to be thoughtful and pragmatic.”
Jude was the executive leading Keystone Automotive when LKQ Corp. created NTP-Stag. LKQ Corp. combined Keystone Automotive with newly acquired Stag-Parkway and The Coast Distribution System in 2015 to create NTP-Stag.
He said LKQ Corp. executives know they lead a strong company, and they will be active and deliberate as they evaluate multiple paths to create shareholder value.
“Investors should not expect an immediate update,” he said, “but you should expect that we are treating this with urgency and evaluating alternatives thoroughly.”
The company reported first-quarter financial results. Its Specialty division totaled $409 million in revenue in the first quarter of 2026, up 3.8% from the first quarter of 2025. Specialty division earnings totaled $18 million in the first quarter, down 14% from the first quarter of 2025.
