Equities research analysts expect LKQ Co. (NASDAQ:LKQ) to report $2.63 billion in sales for the current quarter, Zacks reports. Eight analysts have issued estimates for LKQ’s earnings. The highest sales estimate is $2.71 billion and the lowest is $2.58 billion. LKQ reported sales of $2.34 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.4%. The company is scheduled to announce its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that LKQ will report full-year sales of $2.63 billion for the current year, with estimates ranging from $10.48 billion to $11.01 billion. For the next financial year, analysts forecast that the company will post sales of $11.29 billion per share, with estimates ranging from $11.07 billion to $11.54 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow LKQ.
LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). LKQ had a net margin of 5.48% and a return on equity of 14.84%. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the prior year, the business earned $0.35 EPS. The business’s quarterly revenue was up 14.9% on a year-over-year basis.
Several brokerages have commented on LKQ. BidaskClub cut shares of LKQ from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Barrington Research reissued a “buy” rating and issued a $45.00 price target on shares of LKQ in a research report on Monday, February 26th. Zacks Investment Research raised shares of LKQ from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Wednesday, February 28th. Stephens set a $50.00 price target on shares of LKQ and gave the company a “buy” rating in a research report on Tuesday, January 16th. Finally, B. Riley raised their price target on shares of LKQ from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $44.78.
In other news, EVP John S. Quinn sold 7,501 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $39.76, for a total value of $298,239.76. Following the sale, the executive vice president now directly owns 270,218 shares in the company, valued at approximately $10,743,867.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Victor M. Casini sold 25,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $42.55, for a total transaction of $1,063,750.00. Following the completion of the sale, the vice president now owns 222,395 shares in the company, valued at $9,462,907.25. The disclosure for this sale can be found here. Insiders sold a total of 42,802 shares of company stock worth $1,807,405 over the last 90 days. Company insiders own 1.10% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors acquired a new stake in shares of LKQ in the 4th quarter valued at $108,000. Calton & Associates Inc. acquired a new stake in shares of LKQ in the 4th quarter valued at $116,000. First Personal Financial Services raised its holdings in shares of LKQ by 194.0% in the 4th quarter. First Personal Financial Services now owns 3,852 shares of the auto parts company’s stock valued at $157,000 after purchasing an additional 2,542 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in LKQ by 1,773.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,572 shares of the auto parts company’s stock worth $186,000 after acquiring an additional 4,328 shares in the last quarter. Finally, We Are One Seven LLC acquired a new stake in LKQ during the 4th quarter worth $197,000. Institutional investors and hedge funds own 93.85% of the company’s stock.
Shares of LKQ (LKQ) traded up $0.02 during mid-day trading on Monday, reaching $39.05. 741,314 shares of the company’s stock traded hands, compared to its average volume of 1,713,151. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.89 and a quick ratio of 1.09. LKQ has a 52 week low of $27.85 and a 52 week high of $43.86. The stock has a market cap of $12,203.44, a PE ratio of 22.70, a PEG ratio of 1.05 and a beta of 0.97.
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LKQ Company Profile
LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.
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