LKQ (NASDAQ:LKQ) Updates FY24 Earnings Guidance

LKQ (NASDAQ:LKQ) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.38-3.52 for the period, compared to the consensus estimate of $3.53. LKQ also updated its FY 2024 guidance to 3.380-3.520 EPS.

LKQ Trading Down 0.3 %

Shares of LKQ stock traded down $0.12 during mid-day trading on Friday, hitting $37.55. The stock had a trading volume of 2,638,193 shares, compared to its average volume of 1,902,895. The firm has a 50-day moving average of $40.02 and a two-hundred day moving average of $41.99. The firm has a market cap of $9.89 billion, a P/E ratio of 13.75 and a beta of 1.28. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. LKQ has a 12-month low of $35.57 and a 12-month high of $53.68.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the company earned $0.86 EPS. The company’s quarterly revenue was up .4% on a year-over-year basis. Sell-side analysts forecast that LKQ will post 3.54 earnings per share for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.20%. LKQ’s payout ratio is presently 43.96%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LKQ shares. Robert W. Baird dropped their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Stifel Nicolaus decreased their target price on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday. Roth Mkm restated a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Finally, Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, LKQ presently has an average rating of “Moderate Buy” and an average target price of $53.80.

Insider Buying and Selling

In other LKQ news, SVP Matthew J. Mckay bought 2,500 shares of LKQ stock in a transaction dated Monday, July 29th. The stock was acquired at an average cost of $39.75 per share, with a total value of $99,375.00. Following the completion of the acquisition, the senior vice president now owns 94,670 shares of the company’s stock, valued at approximately $3,763,132.50. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.55% of the stock is currently 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.