LKQ (LKQ) Scheduled to Post Earnings on Tuesday

LKQ (NASDAQ:LKQ) will post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect LKQ to post earnings of $0.97 per share for the quarter. LKQ has set its FY 2024 guidance at 3.900-4.200 EPS and its FY24 guidance at $3.90-4.20 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, February 22nd. The auto parts company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.52 billion. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the business earned $0.78 earnings per share. On average, analysts expect LKQ to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

LKQ Stock Down 0.4 %

NASDAQ LKQ opened at $49.03 on Tuesday. The company has a market capitalization of $13.08 billion, a price-to-earnings ratio of 14.01 and a beta of 1.28. LKQ has a 1-year low of $41.49 and a 1-year high of $59.38. The company has a current ratio of 1.47, a quick ratio of 0.53 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average is $51.14 and its two-hundred day moving average is $48.37.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Wednesday, March 13th. LKQ’s dividend payout ratio is presently 34.29%.

Insiders Place Their Bets

In related news, CEO Dominick P. Zarcone sold 200,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the transaction, the chief executive officer now directly owns 386,522 shares in the company, valued at $20,087,548.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Institutional Trading of LKQ

Several institutional investors and hedge funds have recently made changes to their positions in LKQ. FIL Ltd raised its position in shares of LKQ by 114.8% during the fourth quarter. FIL Ltd now owns 74,810 shares of the auto parts company’s stock worth $3,575,000 after purchasing an additional 39,980 shares during the period. Price T Rowe Associates Inc. MD lifted its position in LKQ by 3.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 381,808 shares of the auto parts company’s stock worth $18,248,000 after buying an additional 14,120 shares in the last quarter. Kensington Investment Counsel LLC lifted its position in LKQ by 1.6% during the 4th quarter. Kensington Investment Counsel LLC now owns 23,320 shares of the auto parts company’s stock valued at $1,114,000 after purchasing an additional 360 shares during the period. Legal & General Group Plc increased its stake in shares of LKQ by 24.5% in the 4th quarter. Legal & General Group Plc now owns 2,727,465 shares of the auto parts company’s stock valued at $130,346,000 after acquiring an additional 536,564 shares during the last quarter. Finally, Coyle Financial Counsel LLC grew its position in shares of LKQ by 9.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 55,934 shares of the auto parts company’s stock valued at $2,673,000 after purchasing an additional 4,671 shares during the period. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on LKQ shares. JPMorgan Chase & Co. dropped their price target on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.50.

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.