LKQ (NASDAQ:LKQ) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

LKQ (NASDAQ:LKQ) announced its quarterly earnings data on Thursday. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01, Briefing.com reports. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. LKQ updated its FY 2024 guidance to 3.380-3.520 EPS and its FY24 guidance to $3.38-3.52 EPS.

LKQ Stock Down 0.3 %

LKQ opened at $37.55 on Friday. The stock has a market capitalization of $9.89 billion, a price-to-earnings ratio of 13.75 and a beta of 1.28. LKQ has a 12 month low of $35.57 and a 12 month high of $53.68. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70. The business has a 50-day moving average of $40.02 and a two-hundred day moving average of $41.92.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.20%. LKQ’s dividend payout ratio (DPR) is presently 43.96%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Robert W. Baird lowered their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday. Stifel Nicolaus dropped their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Friday. Roth Mkm reissued a “buy” rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Finally, StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.80.

Insider Buying and Selling

In related news, SVP Matthew J. Mckay acquired 2,500 shares of the stock in a transaction dated Monday, July 29th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $3,763,132.50. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.55% of the company’s stock.

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.