LKQ (NASDAQ:LKQ) Updates FY 2024 Earnings Guidance

LKQ (NASDAQ:LKQ) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 3.500-3.700 for the period, compared to the consensus EPS estimate of 3.920. The company issued revenue guidance of -. LKQ also updated its FY24 guidance to $3.50-$3.70 EPS.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Roth Mkm reissued a buy rating and issued a $65.00 price objective on shares of LKQ in a research note on Tuesday, April 23rd. Stifel Nicolaus reaffirmed a buy rating and set a $66.00 target price on shares of LKQ in a research report on Tuesday, April 9th. Robert W. Baird reduced 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. Finally, Barrington Research reissued an outperform rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, July 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $61.60.

LKQ Price Performance

Shares of NASDAQ:LKQ traded down $6.36 during midday trading on Thursday, hitting $38.12. The company had a trading volume of 1,990,863 shares, compared to its average volume of 1,743,065. LKQ has a twelve month low of $35.57 and a twelve month high of $57.73. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.68. The stock has a market cap of $10.17 billion, a price-to-earnings ratio of 12.17 and a beta of 1.29. The business’s 50-day simple moving average is $42.65 and its 200-day simple moving average is $46.66.

LKQ (NASDAQ:LKQ) 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). The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. LKQ’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business earned $1.04 EPS. On average, research analysts predict that LKQ will post 3.94 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.15%. LKQ’s payout ratio is presently 38.96%.

Insider Activity at LKQ

In other LKQ news, Director Xavier Urbain sold 867 shares of LKQ stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total transaction of $38,581.50. Following the completion of the sale, the director now directly owns 15,606 shares of the company’s stock, valued at approximately $694,467. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is currently owned by company insiders.

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.