FY2024 EPS Estimates for LKQ Co. Decreased by Analyst (NASDAQ:LKQ)

LKQ Co. (NASDAQ:LKQ) – Research analysts at Barrington Research cut their FY2024 EPS estimates for shares of LKQ in a note issued to investors on Tuesday, April 23rd. Barrington Research analyst G. Prestopino now anticipates that the auto parts company will post earnings of $3.90 per share for the year, down from their prior forecast of $4.05. Barrington Research has a “Outperform” rating and a $60.00 price objective on the stock. The consensus estimate for LKQ’s current full-year earnings is $4.07 per share. Barrington Research also issued estimates for LKQ’s FY2025 earnings at $4.29 EPS.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.13). LKQ had a net margin of 5.79% and a return on equity of 15.94%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the firm posted $1.04 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on the stock. Roth Mkm reaffirmed a “buy” rating and set a $65.00 price objective on shares of LKQ in a research report on Tuesday. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Robert W. Baird lowered their price objective on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday. Stifel Nicolaus restated a “buy” rating and set a $66.00 target price on shares of LKQ in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. decreased their price target on LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, LKQ presently has an average rating of “Moderate Buy” and an average target price of $61.60.

LKQ Stock Performance

LKQ opened at $43.28 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 1.70. LKQ has a 52-week low of $41.30 and a 52-week high of $59.38. The firm has a market cap of $11.55 billion, a P/E ratio of 14.05 and a beta of 1.28. The business’s fifty day moving average is $51.08 and its 200-day moving average is $48.30.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LKQ. OFI Invest Asset Management acquired a new position in LKQ in the 3rd quarter valued at approximately $26,000. CVA Family Office LLC acquired a new stake in LKQ in the fourth quarter valued at $26,000. Private Trust Co. NA increased its holdings in LKQ by 228.4% in the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 450 shares during the period. NBC Securities Inc. bought a new position in LKQ during the 3rd quarter worth $34,000. Finally, Headinvest LLC acquired a new position in LKQ during the 3rd quarter worth about $34,000. Institutional investors own 95.63% of the company’s stock.

Insider Buying and Selling 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. Company insiders own 0.55% of the company’s stock.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.77%. The ex-dividend date is Wednesday, May 15th. LKQ’s payout ratio is 38.96%.

LKQ Company Profile

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.