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Story summary
- Ananym Capital Management is pressuring LKQ, the vehicle parts distributor based in Antioch, Tennessee, to divest its European operations and pivot to North America to boost shareholder value.
- Ananym has praised LKQ CEO Justin Jude's initiatives, including share buybacks and divestitures.
- The North American segment has higher margins and greater market share than European operations.
- Ananym aims to mirror earlier activist campaigns by advocating disciplined operations at LKQ.
