LKQ Co. (NASDAQ:LKQ) Expected to Announce Quarterly Sales of $3.08 Billion

Wall Street analysts expect LKQ Co. (NASDAQ:LKQ) to report $3.08 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for LKQ’s earnings. The lowest sales estimate is $2.94 billion and the highest is $3.21 billion. LKQ reported sales of $2.63 billion during the same quarter last year, which indicates a positive year over year growth rate of 17.1%. The company is expected to issue its next earnings report on Thursday, July 29th.

On average, analysts expect that LKQ will report full-year sales of $12.40 billion for the current year, with estimates ranging from $12.21 billion to $12.63 billion. For the next fiscal year, analysts expect that the business will post sales of $12.79 billion, with estimates ranging from $12.58 billion to $13.15 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover LKQ.

LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, April 29th. The auto parts company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.31. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $2.95 billion. LKQ had a return on equity of 16.06% and a net margin of 6.43%.

Several research analysts recently commented on LKQ shares. Truist Securities lifted their price target on LKQ from $48.00 to $55.00 in a research report on Friday, April 30th. Barrington Research boosted their target price on LKQ from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, April 30th. Truist increased their price target on LKQ from $48.00 to $55.00 in a report on Friday, April 30th. Finally, Zacks Investment Research raised shares of LKQ from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Tuesday, April 20th. Seven equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $46.00.

Shares of LKQ stock traded down $0.49 during trading hours on Thursday, reaching $49.00. The company’s stock had a trading volume of 1,416,643 shares, compared to its average volume of 1,876,017. The business’s 50 day simple moving average is $47.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.85 and a current ratio of 1.83. The stock has a market cap of $14.81 billion, a PE ratio of 19.60 and a beta of 1.67. LKQ has a one year low of $24.00 and a one year high of $51.68.

In related news, Director Robert M. Hanser sold 1,386 shares of the firm’s stock in a transaction dated Wednesday, May 12th. The shares were sold at an average price of $48.62, for a total value of $67,387.32. Following the transaction, the director now owns 18,537 shares of the company’s stock, valued at approximately $901,268.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LKQ. BlackRock Inc. increased its position in LKQ by 7.1% during the 1st quarter. BlackRock Inc. now owns 20,571,957 shares of the auto parts company’s stock valued at $870,812,000 after purchasing an additional 1,355,871 shares during the period. Boston Partners increased its holdings in LKQ by 2.3% during the first quarter. Boston Partners now owns 11,869,485 shares of the auto parts company’s stock valued at $502,668,000 after buying an additional 265,418 shares during the period. Massachusetts Financial Services Co. MA raised its stake in LKQ by 37.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,710,320 shares of the auto parts company’s stock worth $411,038,000 after buying an additional 2,645,094 shares in the last quarter. Norges Bank purchased a new stake in LKQ during the fourth quarter worth $336,721,000. Finally, Alliancebernstein L.P. boosted its position in LKQ by 89.3% during the 1st quarter. Alliancebernstein L.P. now owns 6,568,452 shares of the auto parts company’s stock valued at $278,043,000 after acquiring an additional 3,098,803 shares in the last quarter. Institutional investors own 92.18% of the company’s stock.

LKQ Company Profile

LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.

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Earnings History and Estimates for LKQ (NASDAQ:LKQ)

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