LKQ Co. to Post Q2 2024 Earnings of $1.02 Per Share, Barrington Research Forecasts (NASDAQ:LKQ) (2024)

Posted by Defense World Staff on Apr 29th, 2024

LKQ Co. (NASDAQ:LKQ – Free Report) – Investment analysts at Barrington Research issued their Q2 2024 EPS estimates for shares of LKQ in a research report issued on Wednesday, April 24th. Barrington Research analyst G. Prestopino anticipates that the auto parts company will earn $1.02 per share for the quarter. Barrington Research currently has a “Outperform” rating and a $60.00 price target on the stock. The consensus estimate for LKQ’s current full-year earnings is $3.94 per share. Barrington Research also issued estimates for LKQ’s Q3 2024 earnings at $1.05 EPS, Q4 2024 earnings at $1.01 EPS, Q1 2025 earnings at $0.94 EPS, Q2 2025 earnings at $1.12 EPS, Q3 2025 earnings at $1.14 EPS, Q4 2025 earnings at $1.11 EPS and FY2025 earnings at $4.31 EPS.

A number of other analysts have also recently commented on the company. JPMorgan Chase & Co. reduced their price objective on LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. Robert W. Baird dropped their price objective on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Roth Mkm reaffirmed a “buy” rating and set a $65.00 target price on shares of LKQ in a report on Tuesday, April 23rd. Finally, StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $61.60.

View Our Latest Report on LKQ

LKQ Price Performance

LKQ opened at $43.64 on Monday. The company’s 50-day simple moving average is $50.72 and its two-hundred day simple moving average is $48.14. LKQ has a 52-week low of $41.30 and a 52-week high of $59.38. The stock has a market capitalization of $11.64 billion, a P/E ratio of 14.17 and a beta of 1.28. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 1.70.

LKQ (NASDAQ:LKQ – Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share 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 company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the company posted $1.04 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Wednesday, May 15th. LKQ’s dividend payout ratio (DPR) is 38.96%.

Insider Buying and Selling

In other news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the sale, the chief executive officer now owns 386,522 shares in the company, valued at $20,087,548.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LKQ

Several large investors have recently made changes to their positions in LKQ. Czech National Bank grew its holdings in shares of LKQ by 0.5% in the first quarter. Czech National Bank now owns 47,084 shares of the auto parts company’s stock valued at $2,515,000 after purchasing an additional 216 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of LKQ by 40.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock worth $37,000 after buying an additional 225 shares during the last quarter. Jacobi Capital Management LLC increased its holdings in shares of LKQ by 1.4% in the 3rd quarter. Jacobi Capital Management LLC now owns 17,470 shares of the auto parts company’s stock worth $865,000 after buying an additional 239 shares during the last quarter. Evergreen Wealth Solutions LLC raised its position in shares of LKQ by 4.9% during the 4th quarter. Evergreen Wealth Solutions LLC now owns 5,229 shares of the auto parts company’s stock valued at $250,000 after buying an additional 244 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of LKQ by 30.8% in the 4th quarter. Blue Trust Inc. now owns 1,103 shares of the auto parts company’s stock valued at $55,000 after acquiring an additional 260 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

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.