Q2 2024 EPS Estimates for LKQ Co. (NASDAQ:LKQ) Decreased by Analyst

LKQ Co. (NASDAQ:LKQ) – Analysts at Roth Capital dropped their Q2 2024 earnings per share (EPS) estimates for shares of LKQ in a research note issued to investors on Wednesday, April 24th. Roth Capital analyst S. Stember now expects that the auto parts company will post earnings per share of $1.00 for the quarter, down from their prior forecast of $1.13. The consensus estimate for LKQ’s current full-year earnings is $3.98 per share. Roth Capital also issued estimates for LKQ’s Q3 2024 earnings at $1.14 EPS and FY2024 earnings at $3.90 EPS.

LKQ (NASDAQ:LKQ) last announced its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. LKQ had a net margin of 5.79% and a return on equity of 15.94%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 earnings per share.

Several other brokerages have also recently issued reports on LKQ. Robert W. Baird decreased their price objective on LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a research note on Wednesday. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Roth Mkm reiterated a “buy” rating and issued a $65.00 price objective on shares of LKQ in a research note on Tuesday. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price objective on shares of LKQ in a research note on Tuesday, April 9th. Finally, Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a research 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 company’s stock. According to data from MarketBeat.com, LKQ presently has an average rating of “Moderate Buy” and an average target price of $61.60.

LKQ Stock Performance

Shares of LKQ opened at $43.64 on Friday. The stock has a 50-day simple moving average of $50.85 and a 200-day simple moving average of $48.23. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 1.70. The stock has a market capitalization of $11.64 billion, a PE ratio of 14.22 and a beta of 1.28. LKQ has a 1 year low of $41.30 and a 1 year high of $59.38.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Wednesday, May 15th. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

Insider Transactions at LKQ

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the sale, the chief executive officer now owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Yousif Capital Management LLC increased its position in LKQ by 27.7% during the first quarter. Yousif Capital Management LLC now owns 50,875 shares of the auto parts company’s stock worth $2,717,000 after buying an additional 11,046 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. increased its position in LKQ by 38.2% during the first quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 57,890 shares of the auto parts company’s stock worth $3,092,000 after buying an additional 16,015 shares during the period. SYSTM Wealth Solutions LLC increased its position in LKQ by 3.4% during the first quarter. SYSTM Wealth Solutions LLC now owns 34,205 shares of the auto parts company’s stock worth $1,827,000 after buying an additional 1,125 shares during the period. Verdence Capital Advisors LLC increased its position in LKQ by 2.5% during the first quarter. Verdence Capital Advisors LLC now owns 61,054 shares of the auto parts company’s stock worth $3,261,000 after buying an additional 1,507 shares during the period. Finally, Checchi Capital Advisers LLC acquired a new position in LKQ during the first quarter worth approximately $206,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

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.