LKQ (NASDAQ:LKQ) Issues FY 2024 Earnings Guidance

LKQ (NASDAQ:LKQ) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 3.900-4.200 for the period, compared to the consensus EPS estimate of 4.040. The company issued revenue guidance of -. LKQ also updated its FY24 guidance to $3.90 to $4.20 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com lowered LKQ from a buy rating to a hold rating in a research note on Friday, February 23rd. Roth Mkm reissued a buy rating and set a $65.00 target price on shares of LKQ in a research note on Tuesday. JPMorgan Chase & Co. reduced their price target on 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 reduced their price target on LKQ from $58.00 to $54.00 and set an outperform rating on the stock in a research report on Wednesday. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $61.60.

LKQ Stock Down 0.8 %

Shares of LKQ traded down $0.36 during mid-day trading on Thursday, reaching $42.92. The company’s stock had a trading volume of 2,404,327 shares, compared to its average volume of 1,700,999. LKQ has a 12-month low of $41.30 and a 12-month high of $59.38. The stock has a market cap of $11.45 billion, a PE ratio of 14.02 and a beta of 1.28. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.53. The company’s 50 day moving average is $50.97 and its 200 day moving average is $48.27.

LKQ (NASDAQ:LKQ) last announced its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share 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 company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities analysts anticipate that LKQ will post 4.07 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.30 dividend. 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 (DPR) is currently 38.96%.

Insider Buying and Selling at LKQ

In other 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 directly owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.55% of the company’s stock.

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.