LKQ (LKQ) Scheduled to Post Earnings on Tuesday

LKQ (NASDAQ:LKQ) is scheduled to be releasing its earnings data before the market opens on Tuesday, April 23rd. Analysts expect LKQ to post earnings of $0.97 per share for the quarter. LKQ has set its FY 2024 guidance at 3.900-4.200 EPS and its FY24 guidance at $3.90-4.20 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, February 22nd. The auto parts company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The firm’s revenue was up 16.7% on a year-over-year basis. On average, analysts expect LKQ to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

LKQ Stock Up 1.1 %

Shares of LKQ stock opened at $49.12 on Monday. LKQ has a 1 year low of $41.49 and a 1 year high of $59.38. The business has a 50-day moving average of $51.22 and a two-hundred day moving average of $48.36. The company has a market capitalization of $13.10 billion, a P/E ratio of 14.03 and a beta of 1.28. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.47 and a quick ratio of 0.53.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.44%. LKQ’s dividend payout ratio is currently 34.29%.

Insider Activity at LKQ

In related news, CEO Dominick P. Zarcone sold 200,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LKQ. Covestor Ltd raised its position in shares of LKQ by 81.1% in the 1st quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 279 shares in the last quarter. Clear Street Markets LLC raised its position in shares of LKQ by 94.1% in the 1st quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 241 shares in the last quarter. Resurgent Financial Advisors LLC bought a new position in shares of LKQ in the 4th quarter worth about $42,000. Steward Partners Investment Advisory LLC raised its position in shares of LKQ by 55.3% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 736 shares of the auto parts company’s stock worth $42,000 after acquiring an additional 262 shares in the last quarter. Finally, West Tower Group LLC bought a new position in shares of LKQ in the 4th quarter worth about $46,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Stifel Nicolaus reissued a “buy” rating and set a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. 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 research note on Thursday, January 25th. Finally, Barrington Research restated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $63.50.

About LKQ

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.