LKQ (NASDAQ:LKQ) Releases FY 2024 Earnings Guidance

LKQ (NASDAQ:LKQ) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.380-3.520 for the period, compared to the consensus earnings per share estimate of 3.530. The company issued revenue guidance of -. LKQ also updated its FY24 guidance to $3.38-3.52 EPS.

LKQ Trading Down 0.3 %

Shares of NASDAQ:LKQ traded down $0.11 during trading hours on Thursday, hitting $37.67. 3,907,311 shares of the company’s stock traded hands, compared to its average volume of 1,899,314. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70. The firm has a market capitalization of $10.05 billion, a P/E ratio of 12.26 and a beta of 1.28. The business has a fifty day moving average price of $40.12 and a 200-day moving average price of $42.11. LKQ has a 1 year low of $35.57 and a 1 year high of $53.68.

LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. Equities analysts expect that LKQ will post 3.55 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on LKQ. JPMorgan Chase & Co. lifted their price objective on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Roth Mkm reiterated a “buy” rating and set a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Robert W. Baird decreased their price objective 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. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Wednesday, September 18th. One research 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, the company currently has an average rating of “Moderate Buy” and an average price target of $58.00.

Insider Buying and Selling at LKQ

In related news, Director Andrew C. Clarke bought 7,600 shares of the company’s stock in a transaction on Friday, July 26th. The stock was bought at an average cost of $39.70 per share, with a total value of $301,720.00. Following the completion of the acquisition, the director now owns 10,519 shares in the company, valued at approximately $417,604.30. This represents a 200.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other LKQ news, Director Andrew C. Clarke purchased 7,600 shares of the stock in a transaction dated Friday, July 26th. The shares were acquired 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 directly owns 10,519 shares of the company’s stock, valued at $417,604.30. This trade represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Matthew J. Mckay purchased 2,500 shares of the stock in a transaction dated Monday, July 29th. The stock was acquired at an average price of $39.75 per share, for a total transaction of $99,375.00. Following the completion of the transaction, the senior vice president now directly owns 94,670 shares of the company’s stock, valued at approximately $3,763,132.50. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 12,600 shares of company stock valued at $500,870. 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.