LKQ Co. (NASDAQ:LKQ) to Post Q4 2024 Earnings of $0.94 Per Share, Roth Capital Forecasts

LKQ Co. (NASDAQ:LKQ) – Equities researchers at Roth Capital upped their Q4 2024 earnings estimates for shares of LKQ in a research report issued to clients and investors on Wednesday, April 24th. Roth Capital analyst S. Stember now forecasts that the auto parts company will post earnings per share of $0.94 for the quarter, up from their prior forecast of $0.93. The consensus estimate for LKQ’s current full-year earnings is $4.07 per share. Roth Capital also issued estimates for LKQ’s Q1 2025 earnings at $0.96 EPS, Q2 2025 earnings at $1.17 EPS, Q3 2025 earnings at $1.26 EPS, Q4 2025 earnings at $1.03 EPS and FY2025 earnings at $4.42 EPS.

LKQ (NASDAQ:LKQ) last released its quarterly 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). LKQ had a net margin of 5.79% and a return on equity of 15.94%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the business posted $1.04 EPS. LKQ’s revenue was up 10.6% on a year-over-year basis.

A number of other equities analysts also recently issued reports on the company. Roth Mkm restated a “buy” rating and set a $65.00 price objective on shares of LKQ in a research report on Tuesday. 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. Robert W. Baird decreased their price objective on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. Finally, Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.60.

LKQ Stock Down 0.8 %

Shares of LKQ opened at $42.92 on Thursday. The company has a market capitalization of $11.45 billion, a PE ratio of 14.02 and a beta of 1.28. The stock’s 50-day moving average price is $50.97 and its two-hundred day moving average price is $48.27. The company has a current ratio of 1.70, a quick ratio of 0.53 and a debt-to-equity ratio of 0.67. LKQ has a 12 month low of $41.30 and a 12 month high of $59.38.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in LKQ by 1.3% during the third quarter. Vanguard Group Inc. now owns 30,245,966 shares of the auto parts company’s stock worth $1,497,478,000 after buying an additional 382,054 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of LKQ by 9.5% in the fourth quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock valued at $540,398,000 after purchasing an additional 977,585 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in LKQ by 5.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,251,102 shares of the auto parts company’s stock worth $537,690,000 after purchasing an additional 626,010 shares during the last quarter. Morgan Stanley grew its position in LKQ by 13.7% in the 3rd quarter. Morgan Stanley now owns 9,907,659 shares of the auto parts company’s stock worth $490,528,000 after purchasing an additional 1,195,122 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in LKQ by 1.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,113,931 shares of the auto parts company’s stock valued at $486,775,000 after buying an additional 111,124 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

Insider Transactions at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the firm’s 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 sale, the chief executive officer now owns 386,522 shares of the company’s stock, valued at $20,087,548.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.55% of the company’s stock.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.80%. LKQ’s dividend payout ratio is currently 38.96%.

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.