LKQ (NASDAQ:LKQ) Posts Earnings Results, Misses Expectations By $0.13 EPS

LKQ (NASDAQ:LKQ) posted its quarterly earnings data on Tuesday. The auto parts company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13), RTT News reports. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. LKQ had a net margin of 5.79% and a return on equity of 15.94%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 EPS. LKQ updated its FY 2024 guidance to 3.900-4.200 EPS and its FY24 guidance to $3.90 to $4.20 EPS.

LKQ Stock Performance

Shares of NASDAQ:LKQ opened at $42.92 on Friday. 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 has a one year low of $41.30 and a one year high of $59.38. The business’s 50-day simple moving average is $50.97 and its 200 day simple moving average is $48.27. The company has a market cap of $11.45 billion, a P/E ratio of 13.94 and a beta of 1.28.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.80%. LKQ’s payout ratio is currently 38.96%.

Analysts Set New Price Targets

A number of research firms recently commented on LKQ. JPMorgan Chase & Co. decreased their price objective on LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Roth Mkm reissued a “buy” rating and issued a $65.00 price target on shares of LKQ in a research note on Tuesday. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Stifel Nicolaus restated a “buy” rating and issued a $66.00 price objective on shares of LKQ in a report on Tuesday, April 9th. Finally, Robert W. Baird cut their price objective on LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a report on Wednesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, LKQ presently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

Insiders Place Their Bets

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction that occurred on Friday, March 1st. The stock was 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 directly owns 386,522 shares in the company, valued at approximately $20,087,548.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is owned by company insiders.

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.