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Zacks Research Issues Pessimistic Estimate for LKQ Earnings

LKQ logo with Auto/Tires/Trucks background

LKQ Co. (NASDAQ:LKQ - Free Report) - Equities research analysts at Zacks Research lowered their FY2024 EPS estimates for shares of LKQ in a report released on Thursday, November 14th. Zacks Research analyst L. Shahu now expects that the auto parts company will post earnings per share of $3.46 for the year, down from their prior forecast of $3.63. The consensus estimate for LKQ's current full-year earnings is $3.43 per share. Zacks Research also issued estimates for LKQ's Q4 2024 earnings at $0.78 EPS, Q1 2025 earnings at $0.82 EPS, Q2 2025 earnings at $0.99 EPS, Q4 2025 earnings at $0.85 EPS, Q1 2026 earnings at $0.96 EPS, Q2 2026 earnings at $1.06 EPS, Q3 2026 earnings at $0.99 EPS and FY2026 earnings at $4.01 EPS.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. LKQ's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS.

Other analysts also recently issued reports about the stock. StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. 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, October 25th. Roth Mkm reaffirmed a "buy" rating and issued a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Barrington Research reissued an "outperform" rating and set a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. Finally, Stifel Nicolaus dropped their price objective on LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $53.80.

View Our Latest Research Report on LKQ

LKQ Stock Down 0.4 %

NASDAQ LKQ traded down $0.14 on Monday, reaching $38.06. The company had a trading volume of 1,713,795 shares, compared to its average volume of 1,936,637. The company's fifty day moving average is $38.94 and its 200-day moving average is $40.99. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 14.20 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. LKQ has a 1-year low of $35.57 and a 1-year high of $53.68.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.15%. LKQ's dividend payout ratio is presently 44.78%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Rehmann Capital Advisory Group bought a new stake in shares of LKQ during the third quarter worth $634,000. Toronto Dominion Bank increased its stake in shares of LKQ by 21.5% in the third quarter. Toronto Dominion Bank now owns 94,268 shares of the auto parts company's stock valued at $3,763,000 after buying an additional 16,676 shares during the period. Coldstream Capital Management Inc. boosted its position in LKQ by 13.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,567 shares of the auto parts company's stock worth $302,000 after buying an additional 869 shares during the period. Geode Capital Management LLC raised its stake in shares of LKQ by 0.3% during the third quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company's stock valued at $260,330,000 after acquiring an additional 21,161 shares during the last quarter. Finally, M&T Bank Corp grew its stake in shares of LKQ by 7.2% in the third quarter. M&T Bank Corp now owns 59,157 shares of the auto parts company's stock worth $2,361,000 after purchasing an additional 3,973 shares during the last quarter. Institutional investors own 95.63% of the company's stock.

LKQ Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for LKQ (NASDAQ:LKQ)

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