What is Zacks Research’s Estimate for LKQ FY2024 Earnings?

LKQ Co. (NASDAQ:LKQ) – Zacks Research lowered their FY2024 earnings per share (EPS) estimates for shares of LKQ in a research report issued on Thursday, November 14th. Zacks Research analyst L. Shahu now anticipates that the auto parts company will post earnings per share of $3.46 for the year, down from their previous forecast of $3.63. The consensus estimate for LKQ’s current full-year earnings is $3.43 per share. Zacks Research also issued estimates for LKQ’s Q4 2024 earnings at $0.78 EPS, Q1 2025 earnings at $0.82 EPS, Q2 2025 earnings at $0.99 EPS, Q4 2025 earnings at $0.85 EPS, Q1 2026 earnings at $0.96 EPS, Q2 2026 earnings at $1.06 EPS, Q3 2026 earnings at $0.99 EPS and FY2026 earnings at $4.01 EPS.

A number of other research analysts have also weighed in on the company. Robert W. Baird reduced their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price target on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Roth Mkm reaffirmed a “buy” rating and set a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. Finally, Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ presently has a consensus rating of “Buy” and an average price target of $53.80.

LKQ Trading Down 0.4 %

Shares of LKQ stock opened at $38.06 on Monday. The company has a market capitalization of $9.89 billion, a price-to-earnings ratio of 14.20 and a beta of 1.29. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average price of $38.94 and a 200 day moving average price of $40.99. LKQ has a twelve month low of $35.57 and a twelve month high of $53.68.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The company’s revenue was up .4% on a year-over-year basis. During the same period last year, the company posted $0.86 EPS.

Institutional Investors Weigh In On LKQ

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LKQ. Catalyst Capital Advisors LLC purchased a new stake in LKQ during the 3rd quarter worth approximately $25,000. Rothschild Investment LLC bought a new stake in shares of LKQ in the second quarter worth $33,000. Allworth Financial LP increased its stake in shares of LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after buying an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC raised its holdings in LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its stake in LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.15%. LKQ’s dividend payout ratio is currently 44.78%.

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.