Brokerages predict that LKQ Co. (NASDAQ:LKQ) will post $2.77 billion in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for LKQ’s earnings. The lowest sales estimate is $2.71 billion and the highest is $2.81 billion. LKQ reported sales of $2.46 billion during the same quarter last year, which would suggest a positive year over year growth rate of 12.6%. The business is expected to issue its next earnings report on Thursday, July 26th.
On average, analysts expect that LKQ will report full year sales of $10.86 billion for the current year, with estimates ranging from $10.69 billion to $10.95 billion. For the next fiscal year, analysts anticipate that the company will post sales of $11.40 billion per share, with estimates ranging from $11.29 billion to $11.75 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow LKQ.
LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, April 26th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.04). LKQ had a return on equity of 14.52% and a net margin of 5.44%. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the business posted $0.49 EPS. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year.
Several analysts have recently weighed in on the stock. ValuEngine upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of LKQ from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Barrington Research reiterated a “buy” rating and issued a $45.00 price objective on shares of LKQ in a research note on Monday, February 26th. B. Riley lifted their price objective on shares of LKQ from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, BidaskClub upgraded shares of LKQ from a “sell” rating to a “hold” rating in a research note on Thursday, March 22nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $44.78.
LKQ stock opened at $30.77 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.74 and a quick ratio of 1.11. LKQ has a 52-week low of $29.60 and a 52-week high of $43.86. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 0.92 and a beta of 0.99.
In other LKQ news, Director Robert M. Hanser sold 1,099 shares of the business’s stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $30.30, for a total transaction of $33,299.70. Following the completion of the sale, the director now owns 10,984 shares in the company, valued at approximately $332,815.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John S. Quinn sold 7,501 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $39.76, for a total transaction of $298,239.76. Following the sale, the executive vice president now owns 270,218 shares of the company’s stock, valued at approximately $10,743,867.68. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.
A number of hedge funds have recently made changes to their positions in LKQ. BP PLC purchased a new position in LKQ during the 4th quarter worth $1,505,000. Bank of Montreal Can boosted its holdings in LKQ by 22.9% during the 4th quarter. Bank of Montreal Can now owns 837,550 shares of the auto parts company’s stock worth $34,062,000 after acquiring an additional 156,224 shares during the last quarter. Raymond James & Associates boosted its holdings in LKQ by 1.4% during the 4th quarter. Raymond James & Associates now owns 175,884 shares of the auto parts company’s stock worth $7,153,000 after acquiring an additional 2,489 shares during the last quarter. Lunia Capital LP purchased a new position in LKQ during the 4th quarter worth $12,202,000. Finally, American International Group Inc. boosted its holdings in LKQ by 11.5% during the 4th quarter. American International Group Inc. now owns 114,919 shares of the auto parts company’s stock worth $4,674,000 after acquiring an additional 11,844 shares during the last quarter. Institutional investors and hedge funds own 91.47% of the company’s stock.
LKQ Company Profile
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in 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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