LKQ (NASDAQ:LKQ) Releases FY24 Earnings Guidance

LKQ (NASDAQ:LKQ - Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.38-3.52 for the period, compared to the consensus estimate of $3.53. LKQ also updated its FY 2024 guidance to 3.380-3.520 EPS.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. 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 price objective on shares of LKQ in a report on Wednesday, September 18th. Robert W. Baird reduced their target price on shares of LKQ from $54.00 to $50.00 and set an "outperform" rating for the company in a research note on Friday, July 26th. JPMorgan Chase & Co. raised their price target on shares of LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a research report on Thursday, September 12th. Finally, StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research report on Tuesday, September 17th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, LKQ has a consensus rating of "Moderate Buy" and an average target price of $58.00.

LKQ Stock Performance

NASDAQ LKQ traded down $0.11 during trading hours on Thursday, reaching $37.67. 3,907,311 shares of the company were exchanged, compared to its average volume of 1,899,314. The business's 50 day simple moving average is $40.07 and its 200-day simple moving average is $42.08. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. LKQ has a 1 year low of $35.57 and a 1 year high of $53.68. The stock has a market capitalization of $10.05 billion, a P/E ratio of 12.23 and a beta of 1.28.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.05). LKQ had a net margin of 5.03% and a return on equity of 15.33%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The business's quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts expect that LKQ will post 3.55 earnings per share for the current year.

Insider Transactions at LKQ

In other LKQ news, CEO Justin L. Jude bought 2,500 shares of the stock in a transaction on Friday, July 26th. The shares were acquired at an average price of $39.91 per share, with a total value of $99,775.00. Following the acquisition, the chief executive officer now directly owns 207,515 shares of the company's stock, valued at $8,281,923.65. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Andrew C. Clarke acquired 7,600 shares of the business's stock in a transaction dated Friday, July 26th. The stock was bought at an average cost of $39.70 per share, for a total transaction of $301,720.00. Following the completion of the transaction, the director now owns 10,519 shares of the company's stock, valued at $417,604.30. The trade was a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Justin L. Jude acquired 2,500 shares of LKQ stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of $39.91 per share, with a total value of $99,775.00. Following the purchase, the chief executive officer now owns 207,515 shares of the company's stock, valued at $8,281,923.65. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 12,600 shares of company stock worth $500,870 over the last quarter. 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.