FY2024 Earnings Forecast for LKQ Co. Issued By Zacks Research (NASDAQ:LKQ)

LKQ Co. (NASDAQ:LKQFree Report) – Zacks Research upped their FY2024 EPS estimates for shares of LKQ in a research note issued on Friday, February 9th. Zacks Research analyst L. Shahu now expects that the auto parts company will earn $4.20 per share for the year, up from their prior estimate of $4.19. The consensus estimate for LKQ’s current full-year earnings is $3.74 per share.

Several other research analysts have also issued reports on LKQ. Stifel Nicolaus restated a “buy” rating and issued a $66.00 price target on shares of LKQ in a research report on Tuesday, November 28th. JPMorgan Chase & Co. reduced their price objective on LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Finally, StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research report on Saturday. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $64.67.

Get Our Latest Stock Report on LKQ

LKQ Stock Performance

Shares of LKQ opened at $49.17 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.49 and a quick ratio of 0.64. The firm’s 50 day moving average is $47.13 and its 200-day moving average is $48.51. LKQ has a 12-month low of $41.49 and a 12-month high of $59.38. The stock has a market capitalization of $13.16 billion, a P/E ratio of 13.81 and a beta of 1.27.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. raised its position in shares of LKQ by 5.4% during the second quarter. Coldstream Capital Management Inc. now owns 3,802 shares of the auto parts company’s stock valued at $222,000 after buying an additional 194 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in LKQ by 4.2% during the second quarter. Checchi Capital Advisers LLC now owns 4,811 shares of the auto parts company’s stock valued at $280,000 after acquiring an additional 194 shares during the period. MV Capital Management Inc. raised its holdings in LKQ by 26.2% in the 2nd quarter. MV Capital Management Inc. now owns 954 shares of the auto parts company’s stock valued at $56,000 after acquiring an additional 198 shares in the last quarter. Cadence Bank lifted its position in shares of LKQ by 2.0% in the 2nd quarter. Cadence Bank now owns 11,204 shares of the auto parts company’s stock worth $653,000 after acquiring an additional 220 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of LKQ by 40.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 93.67% of the company’s stock.

Insider Transactions at LKQ

In related news, Director Blythe J. Mcgarvie sold 5,564 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $46.82, for a total value of $260,506.48. Following the completion of the sale, the director now owns 23,880 shares in the company, valued at approximately $1,118,061.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Blythe J. Mcgarvie sold 5,564 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $46.82, for a total transaction of $260,506.48. Following the transaction, the director now directly owns 23,880 shares of the company’s stock, valued at $1,118,061.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Varun Laroyia sold 35,000 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $45.99, for a total value of $1,609,650.00. Following the completion of the sale, the chief executive officer now directly owns 153,805 shares of the company’s stock, valued at $7,073,491.95. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

LKQ Company Profile

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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 automotive glass products, such as windshields; 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.

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Earnings History and Estimates for LKQ (NASDAQ:LKQ)

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