Q4 2024 Earnings Forecast for LKQ Co. (NASDAQ:LKQ) Issued By Roth Capital

LKQ Co. (NASDAQ:LKQ) – Stock analysts at Roth Capital boosted their Q4 2024 earnings per share estimates for shares of LKQ in a report issued on Wednesday, April 24th. Roth Capital analyst S. Stember now anticipates that the auto parts company will post earnings of $0.94 per share for the quarter, up from their previous estimate of $0.93. The consensus estimate for LKQ’s current full-year earnings is $3.98 per share. Roth Capital also issued estimates for LKQ’s Q1 2025 earnings at $0.96 EPS, Q2 2025 earnings at $1.17 EPS, Q3 2025 earnings at $1.26 EPS, Q4 2025 earnings at $1.03 EPS and FY2025 earnings at $4.42 EPS.

LKQ has been the subject of several other reports. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research note on Friday, April 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price objective on shares of LKQ in a research note on Tuesday, April 9th. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Robert W. Baird reduced their price objective on LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Roth Mkm reaffirmed a “buy” rating and set a $65.00 price objective on shares of LKQ in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.

LKQ Stock Up 1.7 %

LKQ stock opened at $43.64 on Thursday. The stock has a 50-day simple moving average of $50.85 and a 200-day simple moving average of $48.23. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 1.70. The company has a market capitalization of $11.64 billion, a P/E ratio of 14.17 and a beta of 1.28. LKQ has a fifty-two week low of $41.30 and a fifty-two week high of $59.38.

LKQ (NASDAQ:LKQ) last posted its 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). LKQ had a net margin of 5.79% and a return on equity of 15.94%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the firm posted $1.04 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis.

Institutional Investors Weigh In On LKQ

A number of institutional investors and hedge funds have recently modified their holdings of the company. Czech National Bank grew its holdings in shares of LKQ by 0.5% in the 1st quarter. Czech National Bank now owns 47,084 shares of the auto parts company’s stock worth $2,515,000 after acquiring an additional 216 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of LKQ by 40.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 225 shares during the period. Jacobi Capital Management LLC grew its holdings in shares of LKQ by 1.4% in the 3rd quarter. Jacobi Capital Management LLC now owns 17,470 shares of the auto parts company’s stock worth $865,000 after acquiring an additional 239 shares during the period. Evergreen Wealth Solutions LLC grew its holdings in shares of LKQ by 4.9% in the 4th quarter. Evergreen Wealth Solutions LLC now owns 5,229 shares of the auto parts company’s stock worth $250,000 after acquiring an additional 244 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of LKQ by 30.8% in the 4th quarter. Blue Trust Inc. now owns 1,103 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Insiders Place Their Bets

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 386,522 shares in the company, valued at approximately $20,087,548.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.55% of the stock is currently owned by insiders.

LKQ Announces Dividend

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

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.