Posted by admin on May 26th, 2022

Equities analysts expect that LKQ Co. (NASDAQ:LKQ – Get Rating) will report earnings of $1.03 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for LKQ’s earnings, with estimates ranging from $1.00 to $1.05. LKQ reported earnings per share of $1.13 during the same quarter last year, which indicates a negative year-over-year growth rate of 8.8%. The business is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that LKQ will report full year earnings of $3.95 per share for the current year, with EPS estimates ranging from $3.85 to $4.04. For the next fiscal year, analysts forecast that the company will report earnings of $4.20 per share, with EPS estimates ranging from $4.01 to $4.35. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for LKQ.

LKQ (NASDAQ:LKQ – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The auto parts company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.09. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.29 billion. LKQ had a net margin of 8.28% and a return on equity of 20.19%. LKQ’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS.

Several research firms recently commented on LKQ. StockNews.com downgraded shares of LKQ from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 19th. Raymond James cut their price objective on shares of LKQ from $62.00 to $59.00 in a report on Monday, April 11th. Finally, Barrington Research raised shares of LKQ from a “market perform” rating to an “outperform” rating in a report on Thursday, April 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $62.20.

In other news, Director Patrick Berard sold 702 shares of LKQ stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $49.72, for a total transaction of $34,903.44. Following the completion of the sale, the director now directly owns 11,806 shares of the company’s stock, valued at approximately $586,994.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Holdings L.P. Valueact sold 5,000,000 shares of LKQ stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $50.35, for a total transaction of $251,750,000.00. Following the completion of the transaction, the director now owns 12,552,751 shares in the company, valued at approximately $632,031,012.85. The disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of LKQ in the fourth quarter valued at about $371,441,000. Norges Bank purchased a new position in shares of LKQ in the fourth quarter valued at about $328,484,000. Goldman Sachs Group Inc. increased its position in shares of LKQ by 84.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,172,143 shares of the auto parts company’s stock valued at $280,277,000 after acquiring an additional 2,819,542 shares during the period. River Road Asset Management LLC increased its position in shares of LKQ by 28.1% in the first quarter. River Road Asset Management LLC now owns 5,700,058 shares of the auto parts company’s stock valued at $258,840,000 after acquiring an additional 1,250,313 shares during the period. Finally, Lazard Asset Management LLC increased its position in shares of LKQ by 15.7% in the first quarter. Lazard Asset Management LLC now owns 6,749,817 shares of the auto parts company’s stock valued at $306,509,000 after acquiring an additional 914,423 shares during the period. Institutional investors own 94.02% of the company’s stock.

LKQ traded up $1.24 on Thursday, hitting $50.84. The company’s stock had a trading volume of 37,109 shares, compared to its average volume of 1,883,193. The company’s 50 day simple moving average is $48.23 and its 200-day simple moving average is $52.36. The firm has a market cap of $14.38 billion, a P/E ratio of 13.60 and a beta of 1.46. LKQ has a 12 month low of $42.36 and a 12 month high of $60.43. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 0.46.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Thursday, May 19th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, May 18th. LKQ’s payout ratio is 26.81%.

LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.

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