LKQ (NASDAQ:LKQ) Releases FY 2024 Earnings Guidance

LKQ (NASDAQ:LKQ) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 3.500-3.700 for the period, compared to the consensus estimate of 3.920. The company issued revenue guidance of -. LKQ also updated its FY24 guidance to $3.50-$3.70 EPS.

LKQ Stock Performance

LKQ stock traded up $1.23 during midday trading on Friday, hitting $40.18. The stock had a trading volume of 3,687,811 shares, compared to its average volume of 1,796,487. The firm has a market capitalization of $10.72 billion, a price-to-earnings ratio of 12.92 and a beta of 1.29. The company has a current ratio of 1.70, a quick ratio of 0.68 and a debt-to-equity ratio of 0.67. The stock has a 50-day simple moving average of $42.55 and a 200 day simple moving average of $46.59. LKQ has a 52 week low of $35.57 and a 52 week high of $57.73.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.87 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. LKQ’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 earnings per share. As a group, equities research analysts anticipate that LKQ will post 3.94 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.99%. LKQ’s dividend payout ratio is currently 38.96%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LKQ shares. Roth Mkm reaffirmed a buy rating and issued a $65.00 price target on shares of LKQ in a research note on Thursday. Barrington Research restated an outperform rating and issued a $60.00 target price on shares of LKQ in a research note on Thursday. Robert W. Baird lowered their target price on shares of LKQ from $54.00 to $50.00 and set an outperform rating on the stock in a report on Friday. Finally, Stifel Nicolaus restated a buy rating and set a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $60.80.

Insider Transactions at LKQ

In other news, Director Xavier Urbain sold 867 shares of LKQ stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total transaction of $38,581.50. Following the completion of the sale, the director now owns 15,606 shares in the company, valued at approximately $694,467. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.55% of the stock is currently owned by corporate insiders.

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.