LKQ (NASDAQ:LKQ – Get Free Report) announced its quarterly earnings results on Thursday. The auto parts company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01, Briefing.com reports. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the business earned $0.86 EPS. LKQ’s quarterly revenue was up .4% on a year-over-year basis. LKQ updated its FY 2024 guidance to 3.380-3.520 EPS and its FY24 guidance to $3.38-3.52 EPS.
LKQ Price Performance
Shares of NASDAQ LKQ traded up $0.08 during trading hours on Friday, hitting $37.75. 1,115,321 shares of the stock were exchanged, compared to its average volume of 1,895,298. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75. The company has a market cap of $10.07 billion, a PE ratio of 12.43 and a beta of 1.28. The company’s fifty day simple moving average is $40.07 and its two-hundred day simple moving average is $42.08. LKQ has a 1-year low of $35.57 and a 1-year high of $53.68.
Insider Buying and Selling
In related news, SVP Matthew J. Mckay acquired 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was acquired at an average price of $39.75 per share, with a total value of $99,375.00. Following the purchase, the senior vice president now directly owns 94,670 shares in the company, valued at approximately $3,763,132.50. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Analysis on LKQ
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.
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