Brokerages expect LKQ Co. (NASDAQ:LKQ) to announce sales of $3.06 billion for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for LKQ’s earnings, with the lowest sales estimate coming in at $2.99 billion and the highest estimate coming in at $3.11 billion. LKQ posted sales of $2.47 billion in the same quarter last year, which would indicate a positive year over year growth rate of 23.9%. The company is scheduled to issue its next quarterly earnings results on Thursday, February 28th.
According to Zacks, analysts expect that LKQ will report full-year sales of $11.93 billion for the current fiscal year, with estimates ranging from $11.79 billion to $12.01 billion. For the next financial year, analysts forecast that the business will report sales of $13.19 billion, with estimates ranging from $12.89 billion to $13.51 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow LKQ.
LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, October 25th. The auto parts company reported $0.56 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.56. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.12 billion. LKQ had a net margin of 5.01% and a return on equity of 14.55%.
Shares of LKQ stock traded down $0.22 during trading on Friday, reaching $26.38. The company’s stock had a trading volume of 5,581,215 shares, compared to its average volume of 3,333,845. The stock has a market cap of $8.39 billion, a PE ratio of 14.03, a PEG ratio of 0.79 and a beta of 1.19. LKQ has a 52 week low of $25.35 and a 52 week high of $43.86. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 2.65.
LKQ declared that its board has approved a share buyback plan on Thursday, October 25th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the auto parts company to buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
A number of hedge funds have recently bought and sold shares of LKQ. UBS Group AG raised its stake in LKQ by 16.4% in the first quarter. UBS Group AG now owns 269,402 shares of the auto parts company’s stock valued at $10,224,000 after purchasing an additional 37,885 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in LKQ by 10.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 40,507 shares of the auto parts company’s stock valued at $1,536,000 after purchasing an additional 3,905 shares in the last quarter. Guggenheim Capital LLC raised its stake in LKQ by 8.4% in the first quarter. Guggenheim Capital LLC now owns 960,134 shares of the auto parts company’s stock valued at $36,435,000 after purchasing an additional 74,183 shares in the last quarter. Legal & General Group Plc raised its stake in LKQ by 1.3% in the first quarter. Legal & General Group Plc now owns 1,477,694 shares of the auto parts company’s stock valued at $56,069,000 after purchasing an additional 18,555 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in LKQ by 11.2% in the first quarter. Xact Kapitalforvaltning AB now owns 92,862 shares of the auto parts company’s stock valued at $3,524,000 after purchasing an additional 9,368 shares in the last quarter. 89.51% of the stock is owned by institutional investors and hedge funds.
LKQ Company Profile
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.
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