LKQ (NASDAQ:LKQ) Updates FY 2024 Earnings Guidance

LKQ (NASDAQ:LKQ) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 3.500-3.700 for the period, compared to the consensus earnings per share estimate of 3.920. The company issued revenue guidance of -. LKQ also updated its FY24 guidance to $3.50-$3.70 EPS.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LKQ. Stifel Nicolaus reissued a buy rating and issued a $66.00 price target on shares of LKQ in a research note on Tuesday, April 9th. Roth Mkm reissued a buy rating and issued a $65.00 price target on shares of LKQ in a research note on Thursday. Barrington Research restated an outperform rating and issued a $60.00 price objective on shares of LKQ in a research report on Thursday. Finally, Robert W. Baird decreased their price objective on shares of LKQ from $58.00 to $54.00 and set an outperform rating on the stock in a research report on Wednesday, April 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $61.60.

LKQ Trading Down 12.4 %

Shares of LKQ stock traded down $5.53 during mid-day trading on Thursday, reaching $38.95. The stock had a trading volume of 7,152,318 shares, compared to its average volume of 1,783,167. The stock’s 50-day moving average price is $42.65 and its two-hundred day moving average price is $46.64. LKQ has a 52-week low of $35.57 and a 52-week high of $57.73. The firm has a market capitalization of $10.39 billion, a PE ratio of 12.70 and a beta of 1.29. The company has a current ratio of 1.70, a quick ratio of 0.68 and a debt-to-equity ratio of 0.67.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). LKQ had a net margin of 5.79% and a return on equity of 15.94%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. LKQ’s revenue was up 10.6% compared to the same quarter last year. Equities analysts expect that LKQ will post 3.94 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.08%. LKQ’s dividend payout ratio is currently 38.96%.

Insider Activity at LKQ

In related news, Director Xavier Urbain sold 867 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total transaction of $38,581.50. Following the transaction, the director now owns 15,606 shares in the company, valued at $694,467. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is owned by corporate insiders.

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.