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 3.380-3.520 for the period, compared to the consensus estimate of 3.530. The company issued revenue guidance of -. LKQ also updated its FY24 guidance to $3.38-3.52 EPS.

LKQ Stock Performance

NASDAQ:LKQ opened at $37.55 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $9.89 billion, a PE ratio of 13.75 and a beta of 1.28. LKQ has a twelve month low of $35.57 and a twelve month high of $53.68. The stock’s 50-day simple moving average is $40.02 and its 200 day simple moving average is $41.92.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $0.86 EPS. On average, analysts anticipate that LKQ will post 3.54 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.20%. LKQ’s dividend payout ratio (DPR) is presently 43.96%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Robert W. Baird reduced their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Stifel Nicolaus dropped their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday. JPMorgan Chase & Co. lifted their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Finally, Roth Mkm restated a “buy” rating and issued a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.80.

Insider Transactions at LKQ

In related news, SVP Matthew J. Mckay bought 2,500 shares of LKQ stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average cost of $39.75 per share, for a total transaction of $99,375.00. Following the completion of the acquisition, the senior vice president now directly owns 94,670 shares of the company’s stock, valued at approximately $3,763,132.50. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.55% of the stock is 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.