Zacks Research Issues Pessimistic Forecast for LKQ Earnings

LKQ Co. (NASDAQ:LKQ) – Analysts at Zacks Research decreased their FY2024 earnings per share estimates for LKQ in a report issued on Thursday, November 14th. Zacks Research analyst L. Shahu now forecasts that the auto parts company will earn $3.46 per share for the year, down from their previous forecast of $3.63. The consensus estimate for LKQ’s current full-year earnings is $3.43 per share. Zacks Research also issued estimates for LKQ’s Q4 2024 earnings at $0.78 EPS, Q1 2025 earnings at $0.82 EPS, Q2 2025 earnings at $0.99 EPS, Q4 2025 earnings at $0.85 EPS, Q1 2026 earnings at $0.96 EPS, Q2 2026 earnings at $1.06 EPS, Q3 2026 earnings at $0.99 EPS and FY2026 earnings at $4.01 EPS.

LKQ (NASDAQ:LKQ) last issued its earnings results 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 15.15% and a net margin of 4.90%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter last year, the business earned $0.86 earnings per share. The company’s revenue was up .4% compared to the same quarter last year.

LKQ has been the topic of a number of other research reports. Roth Mkm reissued a “buy” rating and issued a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. JPMorgan Chase & Co. lifted their target price on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. Stifel Nicolaus dropped their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Robert W. Baird dropped their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $53.80.

LKQ Trading Down 1.3 %

NASDAQ LKQ opened at $38.20 on Monday. The firm has a market cap of $9.93 billion, a P/E ratio of 14.25 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. The stock’s 50-day moving average is $38.94 and its 200-day moving average is $40.99. LKQ has a one year low of $35.57 and a one year high of $53.68.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors 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 annualized dividend and a yield of 3.14%. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

Institutional Trading of LKQ

Institutional investors have recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC bought a new stake in LKQ in the 2nd quarter valued at $3,839,000. Capital World Investors raised its holdings in LKQ by 91.0% in the 1st quarter. Capital World Investors now owns 582,953 shares of the auto parts company’s stock valued at $31,136,000 after acquiring an additional 277,700 shares in the last quarter. Addenda Capital Inc. acquired a new position in LKQ in the 2nd quarter valued at $6,419,000. TCW Group Inc. acquired a new position in LKQ in the 2nd quarter valued at $6,601,000. Finally, Swedbank AB acquired a new position in LKQ in the 1st quarter valued at $20,555,000. 95.63% of the stock is currently owned by institutional investors.

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.