Zacks Research Has Negative Outlook for LKQ FY2024 Earnings

LKQ Co. (NASDAQ:LKQ) – Equities research analysts at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for shares of LKQ in a report issued on Thursday, November 14th. Zacks Research analyst L. Shahu now anticipates 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 has been the subject of several other research reports. Roth Mkm reissued a “buy” rating and issued a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Stifel Nicolaus decreased their price target on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Barrington Research reissued an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price target on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Finally, Robert W. Baird decreased their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, LKQ presently has a consensus rating of “Buy” and an average price target of $53.80.

LKQ Price Performance

LKQ stock opened at $37.60 on Monday. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $9.77 billion, a PE ratio of 14.03 and a beta of 1.29. LKQ has a 12 month low of $35.57 and a 12 month high of $53.68. The stock has a 50-day moving average price of $38.87 and a two-hundred day moving average price of $40.91.

LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share.

LKQ Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.19%. LKQ’s dividend payout ratio is currently 44.78%.

Institutional Investors Weigh In On LKQ

Several large investors have recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC bought a new position in LKQ in the third quarter worth approximately $25,000. Rothschild Investment LLC bought a new position in LKQ in the second quarter worth approximately $33,000. Allworth Financial LP boosted its holdings in LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC boosted its holdings 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. Finally, Banque Cantonale Vaudoise boosted its holdings 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. Institutional investors and hedge funds own 95.63% of the company’s stock.

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.