Q1 2024 EPS Estimates for LKQ Co. (NASDAQ:LKQ) Decreased by Barrington Research

LKQ Co. (NASDAQ:LKQ) – Equities researchers at Barrington Research reduced their Q1 2024 EPS estimates for LKQ in a research report issued on Tuesday, March 26th. Barrington Research analyst G. Prestopino now expects that the auto parts company will post earnings of $0.95 per share for the quarter, down from their prior forecast of $0.98. Barrington Research currently has a “Outperform” rating and a $60.00 price target on the stock. The consensus estimate for LKQ’s current full-year earnings is $4.06 per share. Barrington Research also issued estimates for LKQ’s Q3 2024 earnings at $1.05 EPS.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. LKQ had a net margin of 6.75% and a return on equity of 17.24%. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same period last year, the firm earned $0.78 earnings per share. LKQ’s revenue for the quarter was up 16.7% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. dropped their price objective on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.50.

LKQ Stock Performance

NASDAQ:LKQ opened at $53.41 on Thursday. The firm has a market capitalization of $14.25 billion, a P/E ratio of 15.26 and a beta of 1.29. The company has a fifty day moving average of $50.20 and a 200-day moving average of $48.27. The company has a quick ratio of 0.53, a current ratio of 1.47 and a debt-to-equity ratio of 0.59. LKQ has a twelve month low of $41.49 and a twelve month high of $59.38.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.25%. The ex-dividend date was Wednesday, March 13th. LKQ’s payout ratio is currently 34.29%.

Insider Activity

In related news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction that occurred on Friday, March 1st. The shares were 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 directly owns 386,522 shares of the company’s stock, valued at $20,087,548.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On LKQ

Several institutional investors and hedge funds have recently made changes to their positions in LKQ. OFI Invest Asset Management acquired a new position in LKQ during the third quarter valued at $26,000. CVA Family Office LLC purchased a new stake in shares of LKQ in the 4th quarter valued at approximately $26,000. Clear Street Markets LLC grew its stake 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 valued at $28,000 after buying an additional 241 shares during the period. Covestor Ltd grew its stake in shares of LKQ by 81.1% in the 1st quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock valued at $28,000 after buying an additional 279 shares during the period. Finally, Private Trust Co. NA grew its stake in shares of LKQ by 228.4% in the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after buying an additional 450 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

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.