Q3 2024 Earnings Estimate for LKQ Co. Issued By Roth Capital (NASDAQ:LKQ)

LKQ Co. (NASDAQ:LKQ) – Research analysts at Roth Capital lowered their Q3 2024 earnings per share (EPS) estimates for shares of LKQ in a note issued to investors on Thursday, September 12th. Roth Capital analyst S. Stember now expects that the auto parts company will earn $0.80 per share for the quarter, down from their previous forecast of $0.90. The consensus estimate for LKQ’s current full-year earnings is $3.60 per share. Roth Capital also issued estimates for LKQ’s FY2024 earnings at $3.50 EPS.

LKQ has been the subject of a number of other research reports. Roth Mkm reiterated a “buy” rating and issued a $59.00 price objective on shares of LKQ in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday. Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Thursday, July 25th. Robert W. Baird reduced their price objective on LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Finally, StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $58.00.

LKQ Price Performance

Shares of LKQ stock opened at $41.04 on Friday. The stock has a 50 day moving average of $41.40 and a two-hundred day moving average of $44.74. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69. LKQ has a 12 month low of $35.57 and a 12 month high of $53.68. The company has a market capitalization of $10.80 billion, a P/E ratio of 13.32 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last announced its earnings results 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). LKQ had a net margin of 5.03% and a return on equity of 15.33%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the previous year, the company earned $1.09 EPS. LKQ’s revenue for the quarter was up 7.3% compared to the same quarter last year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.92%. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

Insider Buying and Selling

In related news, CEO Justin L. Jude bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average price of $39.91 per share, for a total transaction of $99,775.00. Following the transaction, the chief executive officer now directly owns 207,515 shares of the company’s stock, valued at $8,281,923.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other LKQ news, Director Andrew C. Clarke purchased 7,600 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of $39.70 per share, with a total value of $301,720.00. Following the acquisition, the director now directly owns 10,519 shares of the company’s stock, valued at approximately $417,604.30. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Justin L. Jude purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average cost of $39.91 per share, with a total value of $99,775.00. Following the completion of the acquisition, the chief executive officer now directly owns 207,515 shares in the company, valued at $8,281,923.65. The disclosure for this purchase can be found here. Insiders purchased 12,600 shares of company stock worth $500,870 in the last 90 days. 0.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On LKQ

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of LKQ by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock valued at $1,650,234,000 after buying an additional 656,883 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of LKQ by 7.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock valued at $496,772,000 after buying an additional 875,420 shares during the period. Wellington Management Group LLP increased its stake in shares of LKQ by 9.5% in 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 buying an additional 977,585 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of LKQ by 1.2% in 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 buying an additional 111,124 shares during the period. Finally, Boston Partners boosted its position in shares of LKQ by 9.5% in the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after purchasing an additional 712,698 shares during the last quarter. 95.63% of the stock is 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.