Roth Capital Weighs in on LKQ's FY2024 Earnings (NASDAQ:LKQ)

LKQ Co. (NASDAQ:LKQ - Free Report) - Equities researchers at Roth Capital lowered their FY2024 earnings per share estimates for LKQ in a research report issued on Friday, October 25th. Roth Capital analyst S. Stember now anticipates that the auto parts company will post earnings of $3.38 per share for the year, down from their prior estimate of $3.50. The consensus estimate for LKQ's current full-year earnings is $3.54 per share. Roth Capital also issued estimates for LKQ's Q1 2025 earnings at $0.76 EPS, Q2 2025 earnings at $0.99 EPS, Q4 2025 earnings at $0.92 EPS, FY2025 earnings at $3.70 EPS and FY2026 earnings at $4.17 EPS.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.01. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The firm had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter last year, the firm posted $0.86 earnings per share. The company's revenue for the quarter was up .4% compared to the same quarter last year.

Several other research analysts have also recently issued reports on LKQ. Roth Mkm reaffirmed a "buy" rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Barrington Research reaffirmed an "outperform" rating and set a $60.00 target price on shares of LKQ in a research report on Friday. Stifel Nicolaus cut their target price on LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday. Robert W. Baird cut their target price on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their target price on LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a research report on Thursday, September 12th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ currently has a consensus rating of "Buy" and a consensus price target of $53.80.

LKQ Stock Up 0.6 %

LKQ stock traded up $0.21 during mid-day trading on Monday, reaching $37.76. The stock had a trading volume of 2,573,436 shares, compared to its average volume of 1,906,118. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75. LKQ has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The stock's 50-day simple moving average is $39.95 and its 200-day simple moving average is $41.77. The firm has a market capitalization of $10.07 billion, a PE ratio of 12.26 and a beta of 1.28.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.18%. LKQ's payout ratio is 38.96%.

Institutional Trading of LKQ

A number of hedge funds and other institutional investors have recently made changes to their positions in LKQ. Handelsinvest Investeringsforvaltning grew its position in LKQ by 26.5% during the first quarter. Handelsinvest Investeringsforvaltning now owns 20,662 shares of the auto parts company's stock worth $1,104,000 after buying an additional 4,326 shares in the last quarter. Norden Group LLC purchased a new position in shares of LKQ in the 1st quarter worth about $403,000. First Trust Direct Indexing L.P. boosted its holdings in shares of LKQ by 20.2% in the 1st quarter. First Trust Direct Indexing L.P. now owns 6,886 shares of the auto parts company's stock worth $368,000 after purchasing an additional 1,159 shares in the last quarter. Leeward Investments LLC MA boosted its holdings in shares of LKQ by 3.4% in the 1st quarter. Leeward Investments LLC MA now owns 388,875 shares of the auto parts company's stock worth $20,770,000 after purchasing an additional 12,935 shares in the last quarter. Finally, FORVIS Wealth Advisors LLC boosted its holdings in shares of LKQ by 5.8% in the 1st quarter. FORVIS Wealth Advisors LLC now owns 88,251 shares of the auto parts company's stock worth $4,714,000 after purchasing an additional 4,815 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

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.