LKQ (LKQ) to Release Earnings on Tuesday

LKQ (NASDAQ:LKQ - Get Free Report) will issue its quarterly earnings data before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.97 per share for the quarter. LKQ has set its FY 2024 guidance at 3.900-4.200 EPS and its FY24 guidance at $3.90-4.20 EPS.Investors that wish to register for the company's conference call can do so using this link.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. The business had revenue of $3.50 billion during the quarter, compared to analysts' expectations of $3.52 billion. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The business's quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 EPS. On average, analysts expect LKQ to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

LKQ Stock Down 1.2 %

Shares of NASDAQ:LKQ traded down $0.59 on Tuesday, hitting $48.44. 1,422,029 shares of the company's stock were exchanged, compared to its average volume of 1,537,813. The firm's 50-day moving average is $51.16 and its 200 day moving average is $48.36. The company has a market capitalization of $12.92 billion, a PE ratio of 13.84 and a beta of 1.28. LKQ has a 1-year low of $41.49 and a 1-year high of $59.38. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.53 and a current ratio of 1.47.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.30 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. LKQ's dividend payout ratio (DPR) is presently 34.29%.

Insider Activity at LKQ

In related 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LKQ

Hedge funds have recently bought and sold shares of the stock. FIL Ltd boosted its holdings in shares of LKQ by 114.8% during the fourth quarter. FIL Ltd now owns 74,810 shares of the auto parts company's stock worth $3,575,000 after purchasing an additional 39,980 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of LKQ by 3.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 381,808 shares of the auto parts company's stock worth $18,248,000 after purchasing an additional 14,120 shares during the last quarter. Kensington Investment Counsel LLC boosted its holdings in shares of LKQ by 1.6% during the fourth quarter. Kensington Investment Counsel LLC now owns 23,320 shares of the auto parts company's stock worth $1,114,000 after purchasing an additional 360 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of LKQ by 24.5% during the fourth quarter. Legal & General Group Plc now owns 2,727,465 shares of the auto parts company's stock worth $130,346,000 after purchasing an additional 536,564 shares during the last quarter. Finally, Coyle Financial Counsel LLC boosted its holdings in shares of LKQ by 9.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 55,934 shares of the auto parts company's stock worth $2,673,000 after purchasing an additional 4,671 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LKQ shares. Barrington Research reissued an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research report on Thursday, February 22nd. JPMorgan Chase & Co. decreased their target price on LKQ from $65.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, January 25th. StockNews.com cut LKQ from a "buy" rating to a "hold" rating in a research report on Friday, February 23rd. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $66.00 target price on shares of LKQ in a research report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $63.50.

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.