Research Analysts Issue Forecasts for LKQ FY2024 Earnings

LKQ Co. (NASDAQ:LKQ) – Equities research analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for LKQ in a note issued to investors on Thursday, November 14th. Zacks Research analyst L. Shahu now forecasts that the auto parts company will post earnings per share of $3.46 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.

A number of other analysts have also recently weighed in on the company. Robert W. Baird dropped their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Roth Mkm reaffirmed a “buy” rating and issued a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday. Stifel Nicolaus dropped their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ currently has an average rating of “Buy” and a consensus target price of $53.80.

LKQ Stock Performance

Shares of NASDAQ LKQ opened at $38.06 on Monday. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The firm’s 50-day moving average price is $38.94 and its two-hundred day moving average price is $40.99. LKQ has a 52-week low of $35.57 and a 52-week high of $53.68. The stock has a market capitalization of $9.89 billion, a P/E ratio of 14.20 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The firm’s revenue was up .4% compared to the same quarter last year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s dividend payout ratio is currently 44.78%.

Institutional Trading of LKQ

A number of hedge funds and other institutional investors have recently made changes to their positions in LKQ. Motley Fool Asset Management LLC raised its stake in shares of LKQ by 4.6% in the 1st quarter. Motley Fool Asset Management LLC now owns 5,249 shares of the auto parts company’s stock worth $280,000 after buying an additional 233 shares in the last quarter. Banque Cantonale Vaudoise raised its position in LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 278 shares in the last quarter. Bruce G. Allen Investments LLC raised its position in LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 289 shares in the last quarter. Private Trust Co. NA lifted its holdings in LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 299 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of LKQ by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock valued at $4,118,000 after purchasing an additional 306 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

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.