Q2 2024 EPS Estimates for LKQ Co. (NASDAQ:LKQ) Decreased by Analyst

LKQ Co. (NASDAQ:LKQ) – Research analysts at Roth Capital cut their Q2 2024 EPS estimates for shares of LKQ in a note issued to investors on Wednesday, April 24th. Roth Capital analyst S. Stember now anticipates that the auto parts company will earn $1.00 per share for the quarter, down from their previous forecast of $1.13. The consensus estimate for LKQ’s current full-year earnings is $3.98 per share. Roth Capital also issued estimates for LKQ’s Q3 2024 earnings at $1.14 EPS and FY2024 earnings at $3.90 EPS.

Other research analysts have also issued reports about the stock. Stifel Nicolaus restated a “buy” rating and issued a $66.00 price objective on shares of LKQ in a report on Tuesday, April 9th. Barrington Research restated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, April 19th. JPMorgan Chase & Co. decreased their price objective on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Roth Mkm restated a “buy” rating and issued a $65.00 price objective on shares of LKQ in a report on Tuesday. Finally, StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.60.

LKQ Trading Up 1.7 %

Shares of LKQ opened at $43.64 on Friday. The stock has a market capitalization of $11.64 billion, a P/E ratio of 14.22 and a beta of 1.28. The company has a quick ratio of 0.53, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. The firm has a fifty day simple moving average of $50.85 and a two-hundred day simple moving average of $48.23. LKQ has a twelve month low of $41.30 and a twelve month high of $59.38.

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 the consensus estimate of $0.95 by ($0.13). The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. LKQ had a net margin of 5.79% and a return on equity of 15.94%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 EPS.

LKQ Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.75%. LKQ’s payout ratio is 38.96%.

Insider Buying and Selling

In related news, CEO Dominick P. Zarcone sold 200,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the transaction, the chief executive officer now directly owns 386,522 shares in the company, valued at approximately $20,087,548.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is owned by company insiders.

Institutional Trading of LKQ

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of LKQ by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 30,245,966 shares of the auto parts company’s stock valued at $1,497,478,000 after acquiring an additional 382,054 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of LKQ by 9.5% during the 4th 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. Massachusetts Financial Services Co. MA boosted its holdings in shares of LKQ by 5.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,251,102 shares of the auto parts company’s stock valued at $537,690,000 after acquiring an additional 626,010 shares during the last quarter. Morgan Stanley boosted its holdings 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 valued at $490,528,000 after acquiring an additional 1,195,122 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of LKQ by 1.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,113,931 shares of the auto parts company’s stock valued at $486,775,000 after acquiring an additional 111,124 shares during the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

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.