LKQ (LKQ) Scheduled to Post Earnings on Thursday

LKQ (NASDAQ:LKQ) is set to post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect LKQ to post earnings of $0.88 per share for the quarter. LKQ has set its FY24 guidance at $3.50-$3.70 EPS and its FY 2024 guidance at 3.500-3.700 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). LKQ had a net margin of 5.03% and a return on equity of 15.33%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the company earned $1.09 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts expect LKQ to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

LKQ Stock Down 1.1 %

LKQ opened at $38.88 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75. The stock has a fifty day moving average of $40.18 and a 200-day moving average of $42.24. LKQ has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The company has a market capitalization of $10.37 billion, a P/E ratio of 12.62 and a beta of 1.28.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Wednesday, September 18th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Robert W. Baird decreased their price target on LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Roth Mkm reaffirmed a “buy” rating and set a $59.00 price objective on shares of LKQ in a research report on Thursday, September 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $58.00.

Insider Transactions at LKQ

In other LKQ news, SVP Matthew J. Mckay acquired 2,500 shares of LKQ stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average cost of $39.75 per share, with a total value of $99,375.00. Following the completion of the purchase, the senior vice president now directly owns 94,670 shares of the company’s stock, valued at $3,763,132.50. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Matthew J. Mckay purchased 2,500 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was bought at an average cost of $39.75 per share, for a total transaction of $99,375.00. Following the purchase, the senior vice president now owns 94,670 shares of the company’s stock, valued at approximately $3,763,132.50. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew C. Clarke acquired 7,600 shares of LKQ stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average price of $39.70 per share, for a total transaction of $301,720.00. Following the transaction, the director now directly owns 10,519 shares in the company, valued at $417,604.30. The trade was a 200.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 12,600 shares of company stock valued at $500,870. Corporate insiders own 0.55% of the company’s stock.

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.