LKQ (NASDAQ:LKQ) Issues FY24 Earnings Guidance

LKQ (NASDAQ:LKQ) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $3.50-$3.70 for the period, compared to the consensus EPS estimate of $3.92. LKQ also updated its FY 2024 guidance to 3.500-3.700 EPS.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Robert W. Baird decreased their price objective on shares of LKQ from $54.00 to $50.00 and set an outperform rating for the company in a report on Friday. Stifel Nicolaus restated a buy rating and issued a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. Roth Mkm restated a buy rating and issued a $65.00 price target on shares of LKQ in a research report on Thursday. Finally, Barrington Research restated an outperform rating and issued a $60.00 price target on shares of LKQ in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, LKQ currently has an average rating of Moderate Buy and an average price target of $60.80.

LKQ Trading Up 3.2 %

LKQ stock opened at $40.18 on Friday. The company has a market cap of $10.72 billion, a P/E ratio of 13.05 and a beta of 1.29. The firm’s 50-day moving average is $42.46 and its 200-day moving average is $46.54. LKQ has a 1 year low of $35.57 and a 1 year high of $57.73. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.68 and a current ratio of 1.75.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.05). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.87 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. On average, equities analysts expect that LKQ will post 3.59 earnings per share for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 2.99%. LKQ’s dividend payout ratio is presently 38.96%.

Insider Activity at LKQ

In related news, Director Xavier Urbain sold 867 shares of LKQ stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total value of $38,581.50. Following the sale, the director now directly owns 15,606 shares in the company, valued at approximately $694,467. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by insiders.

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.