LKQ (LKQ) to Release Earnings on Thursday

LKQ (NASDAQ:LKQ) is scheduled to be releasing its earnings data before the market opens on Thursday, October 24th. Analysts expect LKQ to post earnings of $0.88 per share for the quarter. LKQ has set its FY24 guidance at $3.50-$3.70 EPS and its FY 2024 guidance at 3.500-3.700 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). LKQ had a return on equity of 15.33% and a net margin of 5.03%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same period in the prior year, the business earned $1.09 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts expect LKQ to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

LKQ Stock Performance

NASDAQ:LKQ opened at $37.48 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70. The business has a fifty day simple moving average of $40.15 and a two-hundred day simple moving average of $42.14. LKQ has a 1 year low of $35.57 and a 1 year high of $53.68. The company has a market capitalization of $10.00 billion, a P/E ratio of 12.17 and a beta of 1.28.

Insider Activity at LKQ

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LKQ. Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Wednesday, September 18th. Robert W. Baird cut their price target on 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. raised their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.00.

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.