Brokerages expect that LKQ Co. (NASDAQ:LKQ) will announce $3.18 billion in sales for the current fiscal quarter, according to Zacks . Eight analysts have provided estimates for LKQ’s earnings. The highest sales estimate is $3.24 billion and the lowest is $3.10 billion. LKQ posted sales of $2.72 billion in the same quarter last year, which would indicate a positive year over year growth rate of 16.9%. The firm is scheduled to report its next earnings report on Thursday, April 25th.
On average, analysts expect that LKQ will report full-year sales of $12.86 billion for the current fiscal year, with estimates ranging from $12.63 billion to $13.05 billion. For the next fiscal year, analysts anticipate that the business will report sales of $13.33 billion, with estimates ranging from $13.03 billion to $13.59 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover LKQ.
Get LKQ alerts: LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, February 28th. The auto parts company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). LKQ had a net margin of 4.04% and a return on equity of 14.59%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. The business’s quarterly revenue was up 21.5% on a year-over-year basis.
Several analysts have issued reports on LKQ shares. BidaskClub upgraded shares of LKQ from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. William Blair lowered shares of LKQ from an “outperform” rating to a “market perform” rating in a research report on Friday, January 18th. Zacks Investment Research lowered shares of LKQ from a “hold” rating to a “sell” rating in a research report on Monday, November 19th. Barrington Research restated a “buy” rating on shares of LKQ in a research report on Tuesday, March 5th. Finally, ValuEngine lowered shares of LKQ from a “sell” rating to a “strong sell” rating in a research report on Friday, February 8th. Two investment sell rating, two have assigned a hold rating and five have given a buy rating to the company. LKQ presently has a consensus rating of “Hold” and an average price target of $38.00.
In other news, EVP John S. Quinn sold 9,806 shares of the company’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $26.56, for a total transaction of $260,447.36. Following the completion of the transaction, the executive vice president now directly owns 253,578 shares of the company’s stock, valued at $6,735,031.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Also, EVP John S. Quinn sold 6,861 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $27.63, for a total transaction of $189,569.43. Following the transaction, the executive vice president now directly owns 241,563 shares of the company’s stock, valued at $6,674,385.69. The disclosure for this sale can be found here . Corporate insiders own 0.80% of the company’s stock.
Several large investors have recently modified their holdings of LKQ. SG Americas Securities LLC boosted its position in LKQ by 0.6% in the 4th quarter. SG Americas Securities LLC now owns 67,203 shares of the auto parts company’s stock valued at $1,595,000 after buying an additional 394 shares during the period. ETF Managers Group LLC boosted its position in LKQ by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 3,436 shares of the auto parts company’s stock valued at $82,000 after buying an additional 468 shares during the period. Captrust Financial Advisors boosted its position in LKQ by 12.2% in the 4th quarter. Captrust Financial Advisors now owns 5,112 shares of the auto parts company’s stock valued at $121,000 after buying an additional 554 shares during the period. LPL Financial LLC raised its holdings in shares of LKQ by 1.8% in the 4th quarter. LPL Financial LLC now owns 36,962 shares of the auto parts company’s stock valued at $877,000 after purchasing an additional 646 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of LKQ by 2.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,611 shares of the auto parts company’s stock valued at $821,000 after purchasing an additional 697 shares in the last quarter. 89.99% of the stock is owned by hedge funds and other institutional investors.
NASDAQ LKQ traded up $0.54 during trading on Monday, hitting $27.88. 3,916,175 shares of the company’s stock traded hands, compared to its average volume of 3,020,091. The company has a quick ratio of 1.00, a current ratio of 2.67 and a debt-to-equity ratio of 0.87. LKQ has a 12-month low of $22.74 and a 12-month high of $39.81. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 0.86 and a beta of 1.27.
LKQ Company Profile
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in 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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