LKQ Co. Expected to Post Q2 2024 Earnings of $1.00 Per Share (NASDAQ:LKQ)

LKQ Co. (NASDAQ:LKQ - Free Report) - Equities researchers at Roth Capital decreased their Q2 2024 EPS estimates for LKQ in a research report issued to clients and investors on Wednesday, April 24th. Roth Capital analyst S. Stember now anticipates that the auto parts company will post earnings per share of $1.00 for the quarter, down from their prior estimate 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.

Other equities research analysts also recently issued reports about the stock. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research note on Friday, April 19th. StockNews.com lowered shares of LKQ from a "buy" rating to a "hold" rating in a research report on Friday, February 23rd. Robert W. Baird reduced their target price on LKQ from $58.00 to $54.00 and set an "outperform" rating on the stock in a research note on Wednesday. Roth Mkm reaffirmed a "buy" rating and set a $65.00 price target on shares of LKQ in a research note on Tuesday. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $66.00 price objective on shares of LKQ in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $61.60.

LKQ Price Performance

Shares of LKQ traded up $0.72 during trading hours on Friday, reaching $43.64. 2,390,775 shares of the company's stock traded hands, compared to its average volume of 1,709,513. LKQ has a 12 month low of $41.30 and a 12 month high of $59.38. The company has a current ratio of 1.70, a quick ratio of 0.53 and a debt-to-equity ratio of 0.67. The stock has a market cap of $11.64 billion, a PE ratio of 14.22 and a beta of 1.28. The firm's 50 day simple moving average is $50.85 and its 200-day simple moving average is $48.23.

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

LKQ Announces Dividend

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

Insider Activity at LKQ

In related news, CEO Dominick P. Zarcone sold 200,000 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the sale, the chief executive officer now directly owns 386,522 shares in the company, valued at approximately $20,087,548.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Osborne Partners Capital Management LLC purchased a new position in shares of LKQ during the fourth quarter valued at approximately $5,888,000. River Road Asset Management LLC lifted its position in shares of LKQ by 2.5% in the 4th quarter. River Road Asset Management LLC now owns 4,690,401 shares of the auto parts company's stock worth $224,154,000 after purchasing an additional 114,207 shares during the period. Applied Finance Capital Management LLC boosted its stake in shares of LKQ by 8.3% during the 3rd quarter. Applied Finance Capital Management LLC now owns 339,801 shares of the auto parts company's stock valued at $16,824,000 after purchasing an additional 26,033 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of LKQ by 369.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 456,839 shares of the auto parts company's stock worth $21,832,000 after acquiring an additional 359,606 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in LKQ by 7.1% during the third quarter. Coldstream Capital Management Inc. now owns 4,071 shares of the auto parts company's stock valued at $202,000 after buying an additional 269 shares during the period. Hedge funds and other institutional investors own 95.63% 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.