Q4 2024 Earnings Forecast for LKQ Co. (NASDAQ:LKQ) Issued By Roth Capital

LKQ Co. (NASDAQ:LKQ) – Roth Capital increased their Q4 2024 earnings per share estimates for LKQ in a research note issued on Wednesday, April 24th. Roth Capital analyst S. Stember now expects that the auto parts company will post earnings per share of $0.94 for the quarter, up from their prior forecast of $0.93. The consensus estimate for LKQ’s current full-year earnings is $3.98 per share. Roth Capital also issued estimates for LKQ’s Q1 2025 earnings at $0.96 EPS, Q2 2025 earnings at $1.17 EPS, Q3 2025 earnings at $1.26 EPS, Q4 2025 earnings at $1.03 EPS and FY2025 earnings at $4.42 EPS.

Other equities analysts have also issued research reports about the company. Robert W. Baird lowered their price objective on LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday. Roth Mkm reissued a “buy” rating and set a $65.00 price objective on shares of LKQ in a research report on Tuesday. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. lowered their price objective on LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $61.60.

LKQ Stock Performance

Shares of LKQ stock opened at $43.64 on Thursday. The company has a current ratio of 1.70, a quick ratio of 0.53 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $11.64 billion, a P/E ratio of 14.17 and a beta of 1.28. The business has a fifty day simple moving average of $50.85 and a two-hundred day simple moving average of $48.23. LKQ has a 12 month low of $41.30 and a 12 month high of $59.38.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 EPS.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Wednesday, May 15th. LKQ’s dividend payout ratio is presently 38.96%.

Insider Transactions at LKQ

In other news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the transaction, the chief executive officer now owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.55% of the stock is owned by insiders.

Institutional Investors Weigh In On LKQ

Several large investors have recently bought and sold shares of LKQ. OFI Invest Asset Management bought a new stake in LKQ in the 3rd quarter worth about $26,000. CVA Family Office LLC bought a new stake in LKQ in the 4th quarter worth about $26,000. Private Trust Co. NA increased its holdings in LKQ by 228.4% in the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after buying an additional 450 shares in the last quarter. NBC Securities Inc. bought a new stake in LKQ in the 3rd quarter worth about $34,000. Finally, Headinvest LLC bought a new stake in LKQ in the 3rd quarter worth about $34,000. 95.63% of the stock is currently owned by institutional investors.

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.