Brokerages Anticipate LKQ Co. (LKQ) Will Announce Quarterly Sales of $2.40 Billion

Analysts expect that LKQ Co. (NASDAQ:LKQ) will post $2.40 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for LKQ’s earnings, with the lowest sales estimate coming in at $2.31 billion and the highest estimate coming in at $2.46 billion. LKQ reported sales of $2.15 billion in the same quarter last year, which would suggest a positive year over year growth rate of 11.6%. The company is scheduled to issue its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that LKQ will report full-year sales of $2.40 billion for the current year, with estimates ranging from $9.58 billion to $9.73 billion. For the next year, analysts anticipate that the firm will report sales of $10.39 billion per share, with estimates ranging from $10.17 billion to $10.69 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover LKQ.

LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03. LKQ had a net margin of 5.27% and a return on equity of 15.10%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period last year, the company posted $0.41 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year.

A number of research analysts recently issued reports on LKQ shares. BidaskClub raised shares of LKQ from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. Robert W. Baird reissued a “buy” rating and set a $42.00 price target on shares of LKQ in a research report on Friday, October 27th. Wolfe Research started coverage on shares of LKQ in a research report on Tuesday, November 7th. They set an “outperform” rating for the company. Stifel Nicolaus reissued a “buy” rating and set a $44.00 price target on shares of LKQ in a research report on Monday, December 11th. Finally, Jefferies Group reissued a “buy” rating and set a $43.00 price target on shares of LKQ in a research report on Sunday, October 29th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. LKQ currently has an average rating of “Buy” and a consensus price target of $43.89.

Shares of LKQ (LKQ) opened at $42.96 on Friday. LKQ has a 12-month low of $27.85 and a 12-month high of $43.75. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.82 and a quick ratio of 1.10. The company has a market cap of $13,196.19, a PE ratio of 23.46, a PEG ratio of 1.26 and a beta of 0.97.

In other LKQ news, EVP John S. Quinn sold 10,301 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $43.24, for a total transaction of $445,415.24. Following the completion of the sale, the executive vice president now directly owns 296,765 shares in the company, valued at approximately $12,832,118.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Victor M. Casini sold 25,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $36.82, for a total transaction of $920,500.00. Following the sale, the vice president now owns 213,884 shares of the company’s stock, valued at $7,875,208.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 142,801 shares of company stock valued at $5,668,440. 1.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in LKQ. Zions Bancorporation bought a new stake in LKQ during the 3rd quarter valued at about $197,000. YHB Investment Advisors Inc. bought a new stake in LKQ during the 4th quarter valued at about $203,000. Gyroscope Capital Management Group LLC bought a new stake in LKQ during the 2nd quarter valued at about $243,000. Cedar Capital LLC increased its stake in LKQ by 20.6% during the 3rd quarter. Cedar Capital LLC now owns 7,900 shares of the auto parts company’s stock valued at $284,000 after purchasing an additional 1,348 shares in the last quarter. Finally, Oakbrook Investments LLC bought a new stake in LKQ during the 4th quarter valued at about $471,000. Institutional investors and hedge funds own 91.53% of the company’s stock.

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LKQ Company Profile

LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.

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