Zacks Research Predicts LKQ’s FY2027 Earnings (NASDAQ:LKQ)

LKQ Co. (NASDAQ:LKQ) – Equities researchers at Zacks Research issued their FY2027 earnings per share estimates for shares of LKQ in a note issued to investors on Wednesday, March 12th. Zacks Research analyst L. Shahu expects that the auto parts company will post earnings per share of $4.13 for the year. The consensus estimate for LKQ’s current full-year earnings is $3.57 per share.

LKQ has been the subject of a number of other reports. JPMorgan Chase & Co. increased their target price on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Finally, Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, LKQ presently has a consensus rating of “Moderate Buy” and an average target price of $52.60.

LKQ Trading Up 0.9 %

Shares of LKQ opened at $41.66 on Friday. The firm has a fifty day simple moving average of $39.30 and a two-hundred day simple moving average of $38.94. LKQ has a twelve month low of $35.56 and a twelve month high of $53.68. The stock has a market capitalization of $10.80 billion, a P/E ratio of 15.90 and a beta of 1.27. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.42 billion.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA increased its stake in shares of LKQ by 0.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock valued at $478,150,000 after purchasing an additional 33,212 shares in the last quarter. State Street Corp increased its position in LKQ by 1.2% during the 3rd quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock valued at $457,051,000 after buying an additional 134,176 shares in the last quarter. Nordea Investment Management AB raised its stake in LKQ by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock valued at $309,609,000 after buying an additional 833,519 shares during the last quarter. Geode Capital Management LLC boosted its holdings in LKQ by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company’s stock worth $241,643,000 after acquiring an additional 48,813 shares in the last quarter. Finally, FMR LLC grew its stake in shares of LKQ by 7.3% in the third quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock worth $240,346,000 after acquiring an additional 411,390 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 15,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $42.32, for a total transaction of $634,800.00. Following the sale, the director now owns 336,135 shares in the company, valued at approximately $14,225,233.20. The trade was a 4.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 35,000 shares of company stock worth $1,416,300. Company insiders own 0.45% of the company’s stock.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.88%. LKQ’s payout ratio is 45.80%.

LKQ Company Profile

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.