SunTrust Banks Weighs in on LKQ Co.’s Q4 2020 Earnings (NASDAQ:LKQ)

LKQ Co. (NASDAQ:LKQ) – Analysts at SunTrust Banks cut their Q4 2020 earnings estimates for LKQ in a note issued to investors on Tuesday, December 10th. SunTrust Banks analyst S. Benjamin now expects that the auto parts company will post earnings of $0.58 per share for the quarter, down from their previous forecast of $0.60. SunTrust Banks currently has a “Buy” rating and a $40.00 price objective on the stock. SunTrust Banks also issued estimates for LKQ’s FY2021 earnings at $2.80 EPS.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.14 billion. LKQ had a return on equity of 14.79% and a net margin of 3.50%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS.

A number of other brokerages also recently issued reports on LKQ. Wolfe Research set a $41.00 price objective on LKQ and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus set a $44.00 price objective on LKQ and gave the company a “buy” rating in a research note on Friday, November 1st. Zacks Investment Research downgraded LKQ from a “hold” rating to a “sell” rating and set a $29.00 price objective for the company. in a research note on Tuesday, September 10th. Guggenheim set a $38.00 price objective on LKQ and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, TheStreet upgraded LKQ from a “c+” rating to a “b-” rating in a research note on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.44.

Shares of NASDAQ:LKQ opened at $36.01 on Thursday. The company has a market capitalization of $10.92 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.09 and a beta of 1.32. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.18 and a quick ratio of 0.93. The business has a fifty day moving average price of $34.76 and a two-hundred day moving average price of $29.38. LKQ has a 1 year low of $22.74 and a 1 year high of $36.24.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Oakworth Capital Inc. purchased a new stake in LKQ during the 2nd quarter worth about $26,000. Amica Retiree Medical Trust purchased a new stake in LKQ during the 2nd quarter worth about $38,000. NEXT Financial Group Inc lifted its holdings in LKQ by 20.7% during the 3rd quarter. NEXT Financial Group Inc now owns 1,889 shares of the auto parts company’s stock worth $59,000 after purchasing an additional 324 shares in the last quarter. CSat Investment Advisory L.P. lifted its holdings in LKQ by 63.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 2,003 shares of the auto parts company’s stock worth $53,000 after purchasing an additional 775 shares in the last quarter. Finally, Quest Capital Management Inc. ADV purchased a new stake in LKQ during the 3rd quarter worth about $139,000. 89.54% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Scott A. Romberger sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $19.96, for a total transaction of $199,600.00. Also, VP Michael S. Clark sold 3,814 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $35.32, for a total value of $134,710.48. Following the transaction, the vice president now directly owns 80,510 shares in the company, valued at approximately $2,843,613.20. The disclosure for this sale can be found here. Insiders have sold a total of 27,506 shares of company stock worth $822,020 in the last ninety days. Insiders own 0.71% of the company’s stock.

LKQ Company Profile

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. 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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Earnings History and Estimates for LKQ (NASDAQ:LKQ)

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