Used car price gains, near-record alternative parts utilization and easing insurance premiums signal recovery. LKQ Corporation (NASDAQ: LKQ) reported first-quarter revenue of $3.47 billion, up 4.3% from the year-ago quarter, as foreign currency tailwinds and growth in its Specialty segment offset organic declines in North America and Europe. Total parts and services revenue increased 3.6%, […]
PPG Reports First Quarter Sales of $3.9 Billion
Refinish volumes down double digits on comparison to strong first half of 2025, but U.S. claims trends signal earlier recovery. PPG reported first-quarter 2026 net sales of $3.9 billion, up 7% year over year, and said the U.S. automotive refinish market is recovering faster than the company initially expected based on improving collision claims data […]
Allstate Auto Insurance Underwriting Income More Than Doubles to $1.7 Billion in First Quarter
Market share increased in the quarter year-over-year. The Allstate Corp.’s auto insurance business posted underwriting income of $1.73 billion in the first quarter of 2026, up from $816 million in the prior year quarter, as the recorded combined ratio improved 9.4 points to 81.9 and policies in force grew 2.6%. Premiums written were essentially flat […]
AkzoNobel Reports First Quarter Results
AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) reported first-quarter 2026 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of €345 million ($404.2 million) on April 22, a 3% decline as reported but a 7% increase at comparable scope and constant currencies, as the coatings supplier delivered its fourth consecutive quarter of year-over-year margin expansion. Adjusted […]
Driven Brands Issues Preliminary 2025, Q1 2026 Results
Receives Nasdaq deficiency dotice on delayed 10-K. Driven Brands Holdings Inc. (NASDAQ: DRVN) on April 21 disclosed preliminary unaudited financial results for the fourth quarter and fiscal year ended Dec. 27, 2025, and for the first quarter ended March 28, 2026, and said it has received a Nasdaq deficiency notice tied to its delayed annual […]
Dealership Body Shop Sales Hit Record $8.08 Billion in 2025
The percentage of dealers operating collision repair facilities resumed a multi-year slide after a one-year pause, while total sales reached a new high. The total auto body work performed by U.S. franchised new-vehicle dealerships rose to a record $8.08 billion in 2025, an increase of 2.8% from $7.86 billion in 2024, according to the latest […]
Boyd Group Reports 2025 Sales of $3.1 Billion
Same-store sales returned to positive territory in the second half of the year as adjusted EBITDA margins expanded driven by cost savings and internalization of scanning and calibration. Boyd Group Services Inc. (TSX: BYD; NYSE: BGSI) reported sales of $793.9 million for the fourth quarter ended Dec. 31, up 5.5% from $752.3 million in the […]
GEICO Reports $45.2 Billion Premiums Written in 2025
Private passenger auto claims frequencies for property damage and collision coverage declined while severity increased. Berkshire Hathaway reported its full year 2025 earnings on Saturday, February 28, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings totaled $6.824 billion in 2025, down $989 million, or 12.7%, […]
State Farm Reports $4.6 Billion Auto Underwriting Gain, Declares $5 Billion Customer Dividend
Insurer’s auto business swings to first underwriting profit since 2020, citing lower repair costs and fewer collisions. State Farm reported net income of $12.9 billion in 2025, more than doubling the $5.3 billion posted in 2024 and marking the company’s strongest annual result in recent history. The turnaround was driven by a return to underwriting […]
Driven Brands Delays Earnings Release, Will Restate Financials After Audit Committee Finds Material Errors
Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent company of collision repair networks CARSTAR, Abra and Fix Auto USA, said its audit committee found material errors in previously issued financial statements and that the company will restate results for fiscal 2023 and 2024 and several interim periods. Driven Brands also said it is delaying the […]
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