LKQ (NASDAQ:LKQ) Releases FY 2024 Earnings Guidance

LKQ (NASDAQ:LKQ) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.900-4.200 for the period, compared to the consensus earnings per share estimate of 4.040. The company issued revenue guidance of -. LKQ also updated its FY24 guidance to $3.90 to $4.20 EPS.

LKQ Stock Performance

NASDAQ:LKQ traded down $0.36 during mid-day trading on Thursday, reaching $42.92. The company’s stock had a trading volume of 2,404,327 shares, compared to its average volume of 1,700,999. LKQ has a 12-month low of $41.30 and a 12-month high of $59.38. The firm’s fifty day moving average price is $50.97 and its two-hundred day moving average price is $48.27. The company has a current ratio of 1.70, a quick ratio of 0.53 and a debt-to-equity ratio of 0.67. The stock has a market cap of $11.45 billion, a P/E ratio of 14.02 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last issued its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm posted $1.04 EPS. LKQ’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities analysts forecast that LKQ will post 4.07 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, May 15th. LKQ’s payout ratio is currently 38.96%.

Wall Street Analysts Forecast Growth

LKQ has been the subject of a number of recent research reports. StockNews.com downgraded LKQ from a buy rating to a hold rating in a research note on Friday, February 23rd. Robert W. Baird cut their price objective on LKQ from $58.00 to $54.00 and set an outperform rating for the company in a research note on Wednesday. Roth Mkm reiterated a buy rating and set a $65.00 price objective on shares of LKQ in a research note on Tuesday. Stifel Nicolaus reiterated a buy rating and set a $66.00 price objective on shares of LKQ in a research note on Tuesday, April 9th. Finally, Barrington Research reiterated an outperform rating and set a $60.00 price objective on shares of LKQ in a research note on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $61.60.

Insiders Place Their Bets

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the transaction, the chief executive officer now directly owns 386,522 shares in the company, valued at approximately $20,087,548.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by corporate 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.