LKQ (NASDAQ:LKQ) Updates FY 2024 Earnings Guidance

LKQ (NASDAQ:LKQ) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.900-4.200 for the period, compared to the consensus earnings per share estimate of 4.040. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several brokerages recently weighed in on LKQ. Stifel Nicolaus restated a buy rating and set a $66.00 target price on shares of LKQ in a research note on Tuesday, April 9th. Barrington Research reiterated an outperform rating and set a $60.00 price target on shares of LKQ in a research note on Friday. JPMorgan Chase & Co. dropped their price target on LKQ from $65.00 to $63.00 and set an overweight rating on the stock in a research note on Thursday, January 25th. Finally, StockNews.com downgraded 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 four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $63.50.

LKQ Stock Down 0.4 %

LKQ stock opened at $48.93 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.53 and a current ratio of 1.47. The business’s 50-day simple moving average is $51.21 and its two-hundred day simple moving average is $48.36. The company has a market cap of $13.05 billion, a PE ratio of 13.98 and a beta of 1.28. LKQ has a fifty-two week low of $41.49 and a fifty-two week high of $59.38.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, February 22nd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.52 billion. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. Equities analysts anticipate that LKQ will post 4.07 EPS for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.45%. LKQ’s dividend payout ratio (DPR) is presently 34.29%.

Insider Activity

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the transaction, the chief executive officer now owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.45% of the company’s stock.

LKQ Company Profile

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.