LKQ Co. to Post FY2024 Earnings of $3.90 Per Share, Barrington Research Forecasts (NASDAQ:LKQ)

LKQ Co. (NASDAQ:LKQ) – Equities research analysts at Barrington Research dropped their FY2024 EPS estimates for shares of LKQ in a report issued on Tuesday, April 23rd. Barrington Research analyst G. Prestopino now forecasts that the auto parts company will post earnings per share of $3.90 for the year, down from their prior forecast of $4.05. Barrington Research currently has a “Outperform” rating and a $60.00 target price on the stock. The consensus estimate for LKQ’s current full-year earnings is $3.98 per share. Barrington Research also issued estimates for LKQ’s FY2025 earnings at $4.29 EPS.

LKQ has been the topic of several other reports. 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 research report on Thursday, January 25th. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price target on shares of LKQ in a report on Tuesday, April 9th. Robert W. Baird cut 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. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Roth Mkm reissued a “buy” rating and set a $65.00 price target on shares of LKQ in a report on Tuesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, LKQ presently has an average rating of “Moderate Buy” and an average price target of $61.60.

LKQ Stock Up 1.7 %

LKQ opened at $43.64 on Thursday. The stock’s fifty day simple moving average is $50.85 and its 200 day simple moving average is $48.23. LKQ has a 1-year low of $41.30 and a 1-year high of $59.38. The stock has a market cap of $11.64 billion, a PE ratio of 14.17 and a beta of 1.28. The company has a current ratio of 1.70, a quick ratio of 0.53 and a debt-to-equity ratio of 0.67.

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

Institutional Trading of LKQ

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in LKQ during the fourth quarter valued at approximately $159,324,000. Boston Partners raised its holdings in shares of LKQ by 22.0% during the 4th quarter. Boston Partners now owns 7,507,873 shares of the auto parts company’s stock worth $358,848,000 after buying an additional 1,351,389 shares in the last quarter. Morgan Stanley lifted its position in shares of LKQ by 13.7% during the 3rd quarter. Morgan Stanley now owns 9,907,659 shares of the auto parts company’s stock worth $490,528,000 after buying an additional 1,195,122 shares during the last quarter. Cooke & Bieler LP boosted its stake in LKQ by 95.1% in the fourth quarter. Cooke & Bieler LP now owns 2,403,053 shares of the auto parts company’s stock valued at $114,842,000 after buying an additional 1,171,225 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in LKQ by 9.5% in the fourth quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock valued at $540,398,000 after acquiring an additional 977,585 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Insider Activity

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the company’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 completion of the sale, the chief executive officer now directly owns 386,522 shares in the company, valued at approximately $20,087,548.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.55% of the stock is owned by company insiders.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.75%. LKQ’s dividend payout ratio is presently 38.96%.

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.