LKQ (NASDAQ:LKQ) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS

LKQ (NASDAQ:LKQGet Free Report) issued its quarterly earnings results on Tuesday. The auto parts company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.13), RTT News reports. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the company earned $1.04 EPS. LKQ’s revenue for the quarter was up 10.6% compared to the same quarter last year. LKQ updated its FY 2024 guidance to 3.900-4.200 EPS and its FY24 guidance to $3.90 to $4.20 EPS.

LKQ Trading Down 0.4 %

NASDAQ:LKQ opened at $48.93 on Tuesday. The stock’s 50 day moving average price is $51.21 and its 200 day moving average price is $48.36. The company has a market capitalization of $13.05 billion, a PE ratio of 13.98 and a beta of 1.28. The company has a quick ratio of 0.53, a current ratio of 1.47 and a debt-to-equity ratio of 0.59. LKQ has a 52-week low of $41.49 and a 52-week high of $59.38.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.45%. LKQ’s dividend payout ratio is presently 34.29%.

Insider Buying and Selling

In related news, CEO Dominick P. Zarcone sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the transaction, the chief executive officer now owns 386,522 shares in the company, valued at approximately $20,087,548.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on LKQ shares. Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Friday. Stifel Nicolaus restated a “buy” rating and set a $66.00 price target on shares of LKQ in a report on Tuesday, April 9th. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, LKQ has a consensus rating of “Moderate Buy” and an average target price of $63.50.

Get Our Latest Stock Analysis on LKQ

LKQ Company Profile

(Get Free Report)

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.

Further Reading

Earnings History for LKQ (NASDAQ:LKQ)

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