LKQ Co. (NASDAQ:LKQ) Expected to Earn Q1 2023 Earnings of $0.96 Per Share

LKQ Co. (NASDAQ:LKQ – Get Rating) – Analysts at Zacks Research dropped their Q1 2023 earnings estimates for LKQ in a report issued on Thursday, March 9th. Zacks Research analyst R. Singhi now expects that the auto parts company will earn $0.96 per share for the quarter, down from their prior forecast of $0.98. The consensus estimate for LKQ’s current full-year earnings is $4.07 per share. Zacks Research also issued estimates for LKQ’s Q2 2023 earnings at $1.07 EPS, Q4 2023 earnings at $0.93 EPS, FY2023 earnings at $4.00 EPS, Q1 2024 earnings at $1.05 EPS, Q2 2024 earnings at $1.09 EPS, Q3 2024 earnings at $1.05 EPS, Q4 2024 earnings at $1.04 EPS and FY2024 earnings at $4.23 EPS.

LKQ (NASDAQ:LKQ – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The auto parts company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.06). LKQ had a net margin of 8.98% and a return on equity of 19.31%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter last year, the company earned $0.87 EPS. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis.

Other research analysts also recently issued reports about the stock. Raymond James increased their price target on shares of LKQ from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, January 13th. Roth Capital reiterated a “buy” rating on shares of LKQ in a research report on Tuesday, February 21st. Finally, StockNews.com downgraded shares of LKQ from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 27th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $67.00.

LKQ Stock Down 2.5 %

LKQ opened at $54.60 on Monday. The company has a current ratio of 1.87, a quick ratio of 0.66 and a debt-to-equity ratio of 0.48. LKQ has a 1-year low of $43.37 and a 1-year high of $59.33. The company has a market capitalization of $14.58 billion, a PE ratio of 13.28 and a beta of 1.36. The firm’s 50 day simple moving average is $56.94 and its two-hundred day simple moving average is $53.93.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 16th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, March 15th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.01%. LKQ’s dividend payout ratio (DPR) is presently 26.76%.

Insider Transactions at LKQ

In other news, Director Holdings L.P. Valueact sold 257,093 shares of the stock in a transaction on Monday, February 13th. The shares were sold at an average price of $56.93, for a total value of $14,636,304.49. Following the completion of the sale, the director now directly owns 2,488,681 shares of the company’s stock, valued at $141,680,609.33. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 3,700,295 shares of company stock valued at $211,735,266 over the last three months. Corporate insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On LKQ

Several institutional investors have recently bought and sold shares of the stock. Kensington Investment Counsel LLC grew its stake in LKQ by 0.7% during the third quarter. Kensington Investment Counsel LLC now owns 25,968 shares of the auto parts company’s stock valued at $1,224,000 after acquiring an additional 188 shares in the last quarter. Atria Investments LLC grew its stake in shares of LKQ by 0.3% in the 2nd quarter. Atria Investments LLC now owns 56,188 shares of the auto parts company’s stock worth $2,758,000 after buying an additional 194 shares in the last quarter. TD Asset Management Inc. grew its stake in shares of LKQ by 0.3% in the 3rd quarter. TD Asset Management Inc. now owns 68,126 shares of the auto parts company’s stock worth $3,216,000 after buying an additional 200 shares in the last quarter. Summit Global Investments grew its stake in shares of LKQ by 2.2% in the 4th quarter. Summit Global Investments now owns 9,485 shares of the auto parts company’s stock worth $507,000 after buying an additional 202 shares in the last quarter. Finally, Motley Fool Asset Management LLC grew its stake in shares of LKQ by 3.3% in the 2nd quarter. Motley Fool Asset Management LLC now owns 6,559 shares of the auto parts company’s stock worth $325,000 after buying an additional 211 shares in the last quarter. 93.55% of the stock is owned by hedge funds and other institutional investors.

About LKQ

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LKQ Corp. is a distributor of vehicle products and its parts to repair, maintain, and accessorize automobiles. It operates through the following segments: Wholesale-North America, Europe and Specialty. The Wholesale-North America segment includes Glass and Self-Service segments. The company was founded by Donald F.