Brokerages predict that LKQ Co. (NASDAQ:LKQ) will report $3.08 billion in sales for the current quarter, according to Zacks. Eight analysts have made estimates for LKQ’s earnings, with the highest sales estimate coming in at $3.21 billion and the lowest estimate coming in at $2.94 billion. LKQ posted sales of $2.63 billion during the same quarter last year, which suggests a positive year over year growth rate of 17.1%. The firm is expected to issue its next quarterly earnings report on Thursday, July 29th.
According to Zacks, analysts expect that LKQ will report full year sales of $12.40 billion for the current fiscal year, with estimates ranging from $12.21 billion to $12.63 billion. For the next year, analysts anticipate that the company will report sales of $12.79 billion, with estimates ranging from $12.58 billion to $13.15 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for LKQ.
LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, April 29th. The auto parts company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.31. LKQ had a return on equity of 16.06% and a net margin of 6.43%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $2.95 billion.
Shares of NASDAQ:LKQ traded down $0.49 during midday trading on Thursday, reaching $49.00. The company’s stock had a trading volume of 1,416,643 shares, compared to its average volume of 1,876,017. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.83 and a quick ratio of 0.85. The firm has a fifty day moving average price of $47.49. LKQ has a twelve month low of $24.00 and a twelve month high of $51.68. The firm has a market capitalization of $14.81 billion, a price-to-earnings ratio of 19.60 and a beta of 1.67.
In related news, Director Robert M. Hanser sold 1,386 shares of LKQ stock in a transaction on Wednesday, May 12th. The shares were sold at an average price of $48.62, for a total value of $67,387.32. Following the sale, the director now owns 18,537 shares of the company’s stock, valued at approximately $901,268.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. KB Financial Partners LLC purchased a new stake in LKQ during the 1st quarter worth approximately $34,000. Advisory Services Network LLC raised its stake in LKQ by 4.0% in the 1st quarter. Advisory Services Network LLC now owns 35,889 shares of the auto parts company’s stock valued at $1,519,000 after purchasing an additional 1,393 shares during the last quarter. Advisor Partners LLC purchased a new position in LKQ in the 1st quarter valued at $231,000. Principal Financial Group Inc. boosted its stake in LKQ by 64.4% during the 1st quarter. Principal Financial Group Inc. now owns 1,065,865 shares of the auto parts company’s stock worth $45,117,000 after purchasing an additional 417,560 shares during the last quarter. Finally, Tectonic Advisors LLC grew its holdings in shares of LKQ by 8.0% during the first quarter. Tectonic Advisors LLC now owns 78,134 shares of the auto parts company’s stock worth $3,307,000 after buying an additional 5,793 shares in the last quarter. 92.18% of the stock is currently owned by hedge funds and other institutional investors.
LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.
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