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

LKQ (NASDAQ:LKQGet Free Report) released its quarterly earnings data on Tuesday. The auto parts company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.13), RTT News reports. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 EPS. LKQ updated its FY 2024 guidance to 3.900-4.200 EPS and its FY24 guidance to $3.90 to $4.20 EPS.

LKQ Stock Up 3.9 %

LKQ stock opened at $43.28 on Thursday. LKQ has a fifty-two week low of $41.30 and a fifty-two week high of $59.38. The business’s 50 day moving average price is $51.08 and its two-hundred day moving average price is $48.30. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 1.70. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 14.05 and a beta of 1.28.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.77%. LKQ’s dividend payout ratio (DPR) is 38.96%.

Insiders Place Their Bets

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the company’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 can be accessed through this hyperlink. Company insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

LKQ has been the topic of several analyst reports. Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, April 19th. Roth Mkm restated a “buy” rating and set a $65.00 price target on shares of LKQ in a report on Tuesday. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Robert W. Baird reduced their price target on LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus restated a “buy” rating and set a $66.00 price target on shares of LKQ in a report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, LKQ presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.60.

Get Our Latest Research Report 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.

Read More

Earnings History for LKQ (NASDAQ:LKQ)

Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.