LKQ (NASDAQ:LKQ) Issues FY 2024 Earnings Guidance

LKQ (NASDAQ:LKQ) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 3.380-3.520 for the period, compared to the consensus EPS estimate of 3.530. The company issued revenue guidance of -.

LKQ Trading Up 0.8 %

LKQ stock opened at $37.78 on Thursday. The firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of 12.27 and a beta of 1.28. The firm has a 50-day moving average price of $40.12 and a two-hundred day moving average price of $42.11. LKQ has a 52-week low of $35.57 and a 52-week high of $53.68. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.05). The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.87 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $1.09 earnings per share. Sell-side analysts expect that LKQ will post 3.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LKQ has been the subject of a number of research reports. Robert W. Baird reduced their target price on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their target price on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Roth Mkm reiterated a “buy” rating and issued a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Finally, Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Wednesday, September 18th. 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 stock currently has an average rating of “Moderate Buy” and an average target price of $58.00.

Insider Activity at LKQ

In other news, CEO Justin L. Jude acquired 2,500 shares of LKQ stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average price of $39.91 per share, with a total value of $99,775.00. Following the completion of the transaction, the chief executive officer now owns 207,515 shares in the company, valued at approximately $8,281,923.65. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other LKQ news, CEO Justin L. Jude bought 2,500 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was bought at an average cost of $39.91 per share, with a total value of $99,775.00. Following the completion of the transaction, the chief executive officer now directly owns 207,515 shares of the company’s stock, valued at approximately $8,281,923.65. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew C. Clarke purchased 7,600 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were bought at an average price of $39.70 per share, with a total value of $301,720.00. Following the purchase, the director now owns 10,519 shares in the company, valued at $417,604.30. This represents a 200.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 12,600 shares of company stock valued at $500,870. Corporate insiders own 0.55% of the company’s stock.

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.