LKQ (NASDAQ:LKQ) Issues Earnings Results

LKQ (NASDAQ:LKQ - Get Free Report) announced its quarterly earnings results on Thursday. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.01, Briefing.com reports. The firm had revenue of $3.58 billion during 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%. LKQ's quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 earnings per share. LKQ updated its FY 2024 guidance to 3.380-3.520 EPS and its FY24 guidance to $3.38-3.52 EPS.

LKQ Price Performance

LKQ stock traded down $0.12 during midday trading on Friday, reaching $37.55. The company had a trading volume of 2,638,193 shares, compared to its average volume of 1,902,895. The company has a market capitalization of $9.89 billion, a P/E ratio of 13.76 and a beta of 1.28. LKQ has a 12-month low of $35.57 and a 12-month high of $53.68. The firm's fifty day simple moving average is $40.07 and its 200-day simple moving average is $42.08. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70.

Insider Activity at LKQ

In other LKQ news, SVP Matthew J. Mckay acquired 2,500 shares of the business's stock in a transaction on Monday, July 29th. The stock was bought at an average price of $39.75 per share, for a total transaction of $99,375.00. Following the acquisition, the senior vice president now owns 94,670 shares in the company, valued at approximately $3,763,132.50. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a report on Thursday, September 12th. Stifel Nicolaus reduced their price objective on shares of LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a research note on Friday. Barrington Research reissued an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday. Robert W. Baird reduced their price objective on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Roth Mkm reissued a "buy" rating and issued a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $53.80.

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.