Research Analysts Issue Forecasts for LKQ Co.’s Q2 2024 Earnings (NASDAQ:LKQ)

LKQ Co. (NASDAQ:LKQ) – Research analysts at Barrington Research issued their Q2 2024 EPS estimates for shares of LKQ in a report released on Wednesday, April 24th. Barrington Research analyst G. Prestopino forecasts that the auto parts company will post earnings per share of $1.02 for the quarter. Barrington Research currently has a “Outperform” rating and a $60.00 target price on the stock. The consensus estimate for LKQ’s current full-year earnings is $3.94 per share. Barrington Research also issued estimates for LKQ’s Q3 2024 earnings at $1.05 EPS, Q4 2024 earnings at $1.01 EPS, Q1 2025 earnings at $0.94 EPS, Q2 2025 earnings at $1.12 EPS, Q3 2025 earnings at $1.14 EPS, Q4 2025 earnings at $1.11 EPS and FY2025 earnings at $4.31 EPS.

A number of other brokerages have also weighed in on LKQ. Roth Mkm reaffirmed a “buy” rating and issued a $65.00 price target on shares of LKQ in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. reduced their target price on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Robert W. Baird dropped their price target on LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Stifel Nicolaus restated a “buy” rating and issued a $66.00 price target on shares of LKQ in a report on Tuesday, April 9th. Finally, StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, LKQ currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.60.

LKQ Stock Performance

Shares of LKQ stock opened at $43.64 on Monday. The stock’s fifty day simple moving average is $50.72 and its 200 day simple moving average is $48.14. 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 company has a market capitalization of $11.64 billion, a PE ratio of 14.17 and a beta of 1.28. LKQ has a 12 month low of $41.30 and a 12 month high of $59.38.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.76 billion. LKQ had a net margin of 5.79% and a return on equity of 15.94%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share.

LKQ Announces Dividend

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

Insider Transactions at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.55% of the company’s stock.

Institutional Trading of LKQ

Several large investors have recently modified their holdings of the stock. OFI Invest Asset Management bought a new position in LKQ in the third quarter valued at approximately $26,000. CVA Family Office LLC acquired a new position in shares of LKQ during the 4th quarter worth $26,000. Private Trust Co. NA lifted its position in shares of LKQ by 228.4% during the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after buying an additional 450 shares during the last quarter. NBC Securities Inc. acquired a new stake in LKQ in the third quarter valued at about $34,000. Finally, Headinvest LLC bought a new position in LKQ in the third quarter valued at about $34,000. 95.63% of the stock is owned by institutional investors and hedge funds.

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.