LKQ Says Short-Seller’s Report Inaccurate After Shares Drop
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LKQ Corp., which fell almost 9 percent yesterday after short seller Prescience Point Research Group said it exaggerated revenue growth, called the report inaccurate.
The shares dropped 0.6 percent to $29.29 as of 4 p.m. in New York. The stock tumbled 8.8 percent yesterday as Prescience Point said profits at LKQ have been amplified by acquisitions.