LKQ Falls Most Since 2011 After Short Seller Issues Report
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LKQ Corp. fell the most in more than two years after short-seller Prescience Point Research Group said the auto-parts repair service has exaggerated revenue growth.
LKQ slid 8.8 percent to $29.46 at 4 p.m. in New York, the biggest decline since August 2011. About 23 million shares changed hands, 16 times the one-year average. Prescience Point said its share-price target for the company is between $10 and $15.