LKQ Corporation (NASDAQ:LKQ) Announces $0.30 Quarterly Dividend

LKQ Corporation (NASDAQ:LKQ) declared a quarterly dividend on Tuesday, July 28th. Investors of record on Thursday, August 20th will be given a dividend of 0.30 per share by the auto parts company on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Thursday, August 20th.

LKQ has a dividend payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect LKQ to earn $3.33 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 36.0%.

LKQ Price Performance

Shares of LKQ stock traded down $3.79 on Thursday, reaching $22.60. The company’s stock had a trading volume of 9,797,520 shares, compared to its average volume of 2,853,544. The stock’s fifty day simple moving average is $25.95 and its 200-day simple moving average is $29.25. LKQ has a 1 year low of $21.17 and a 1 year high of $37.13. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 11.19 and a beta of 0.83. The company has a current ratio of 1.54, a quick ratio of 0.60 and a debt-to-equity ratio of 0.51.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). LKQ had a net margin of 3.71% and a return on equity of 11.65%. The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the previous year, the company earned $0.87 EPS. LKQ’s revenue for the quarter was down 3.0% compared to the same quarter last year. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Analysts forecast that LKQ will post 3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LKQ

Several institutional investors have recently made changes to their positions in the company. Harbor Investment Advisory LLC boosted its stake in shares of LKQ by 260.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 650 shares during the period. Cedar Mountain Advisors LLC purchased a new stake in LKQ in the 1st quarter worth about $28,000. Essential Partners LLC purchased a new stake in LKQ in the 1st quarter worth about $30,000. Torren Management LLC bought a new stake in LKQ in the fourth quarter worth about $32,000. Finally, Root Financial Partners LLC lifted its stake in LKQ by 142.4% in the first quarter. Root Financial Partners LLC now owns 1,217 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 715 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

About LKQ

LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company supplies a broad range of replacement components, including recycled original equipment manufacturer (OEM) parts, aftermarket parts, refurbished and remanufactured items. Its products support collision repair, mechanical repair and performance enhancement needs across passenger cars, heavy trucks and recreational vehicles.

Through a combination of in-house operations and strategic acquisitions, LKQ has developed a comprehensive product portfolio that extends beyond core replacement parts.