Q2 2024 EPS Estimates for LKQ Co. (NASDAQ:LKQ) Lowered by Zacks Research

LKQ Co. (NASDAQ:LKQFree Report) – Equities research analysts at Zacks Research cut their Q2 2024 earnings estimates for shares of LKQ in a note issued to investors on Tuesday, May 14th. Zacks Research analyst L. Shahu now expects that the auto parts company will post earnings of $1.04 per share for the quarter, down from their previous forecast of $1.08. The consensus estimate for LKQ’s current full-year earnings is $3.94 per share. Zacks Research also issued estimates for LKQ’s FY2024 earnings at $3.94 EPS, Q1 2025 earnings at $0.99 EPS, Q2 2025 earnings at $1.13 EPS, Q4 2025 earnings at $1.10 EPS, FY2025 earnings at $4.39 EPS, Q1 2026 earnings at $1.13 EPS and FY2026 earnings at $4.69 EPS.

Other equities analysts have also issued reports about the company. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price objective on shares of LKQ in a research report on Tuesday, April 9th. Roth Mkm reissued a “buy” rating and issued a $65.00 target price on shares of LKQ in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. decreased their price target on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Friday, April 19th. Finally, Robert W. Baird lowered their target price on LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.60.

View Our Latest Stock Analysis on LKQ

LKQ Trading Down 0.7 %

Shares of NASDAQ LKQ opened at $44.23 on Wednesday. The company’s fifty day moving average is $48.86 and its 200-day moving average is $47.78. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. The stock has a market cap of $11.80 billion, a price-to-earnings ratio of 14.36 and a beta of 1.33. LKQ has a twelve month low of $41.30 and a twelve month high of $59.38.

LKQ (NASDAQ:LKQGet Free Report) last posted its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.13). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. LKQ’s quarterly revenue was up 10.6% compared to the same quarter last year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.71%. LKQ’s dividend payout ratio is 38.96%.

Insider Activity

In related news, CEO Dominick P. Zarcone sold 200,000 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 386,522 shares in the company, valued at approximately $20,087,548.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the transaction, the chief executive officer now directly 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 can be accessed through this hyperlink. Also, Director Xavier Urbain sold 867 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total value of $38,581.50. Following the sale, the director now owns 15,606 shares of the company’s stock, valued at approximately $694,467. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On LKQ

A number of hedge funds and other institutional investors have recently modified their holdings of the company. OFI Invest Asset Management acquired a new position in LKQ in the 3rd quarter valued at $26,000. CVA Family Office LLC acquired a new position in LKQ in the fourth quarter valued at about $26,000. Private Trust Co. NA lifted its position in LKQ by 228.4% during the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 450 shares during the period. NBC Securities Inc. acquired a new stake in LKQ during the third quarter worth about $34,000. Finally, Headinvest LLC bought a new position in LKQ in the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for LKQ (NASDAQ:LKQ)

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