Equities research analysts expect LKQ Co. (NASDAQ:LKQ) to post $2.88 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for LKQ’s earnings, with the highest sales estimate coming in at $2.96 billion and the lowest estimate coming in at $2.73 billion. LKQ reported sales of $2.46 billion during the same quarter last year, which indicates a positive year over year growth rate of 17.1%. The company is scheduled to report its next earnings results on Thursday, July 26th.
On average, analysts expect that LKQ will report full-year sales of $11.83 billion for the current year, with estimates ranging from $11.66 billion to $11.97 billion. For the next financial year, analysts forecast that the business will report sales of $13.17 billion per share, with estimates ranging from $12.94 billion to $13.28 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow LKQ.
LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, April 26th. The auto parts company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.04). LKQ had a net margin of 5.44% and a return on equity of 14.52%. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year.
LKQ has been the topic of several analyst reports. ValuEngine raised LKQ from a “sell” rating to a “hold” rating in a report on Friday, June 1st. Wellington Shields raised LKQ from an “accumulate” rating to a “buy” rating in a report on Thursday, May 31st. BidaskClub downgraded LKQ from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Zacks Investment Research raised LKQ from a “sell” rating to a “hold” rating in a report on Wednesday, May 30th. Finally, Guggenheim initiated coverage on LKQ in a report on Tuesday, April 17th. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $44.30.
LKQ traded up $0.10, hitting $31.79, during mid-day trading on Friday, MarketBeat Ratings reports. The company had a trading volume of 1,244,400 shares, compared to its average volume of 2,173,872. The company has a current ratio of 2.74, a quick ratio of 1.11 and a debt-to-equity ratio of 0.72. LKQ has a 12 month low of $29.60 and a 12 month high of $43.86. The company has a market capitalization of $9.94 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 0.94 and a beta of 0.99.
In other news, SVP Justin L. Jude acquired 2,280 shares of LKQ stock in a transaction that occurred on Friday, June 1st. The stock was bought at an average price of $32.58 per share, for a total transaction of $74,282.40. Following the completion of the transaction, the senior vice president now owns 66,729 shares in the company, valued at $2,174,030.82. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert M. Hanser sold 1,099 shares of the company’s stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $30.30, for a total value of $33,299.70. Following the sale, the director now owns 10,984 shares of the company’s stock, valued at approximately $332,815.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 6,780 shares of company stock worth $221,747. Corporate insiders own 0.80% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in LKQ by 0.8% during the fourth quarter. BlackRock Inc. now owns 18,779,286 shares of the auto parts company’s stock valued at $763,754,000 after acquiring an additional 155,013 shares during the last quarter. Hound Partners LLC increased its position in LKQ by 9.0% during the first quarter. Hound Partners LLC now owns 10,434,209 shares of the auto parts company’s stock valued at $395,978,000 after acquiring an additional 857,458 shares during the last quarter. Goldman Sachs Group Inc. increased its position in LKQ by 39.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,513,151 shares of the auto parts company’s stock valued at $183,550,000 after acquiring an additional 1,283,674 shares during the last quarter. Geode Capital Management LLC increased its position in LKQ by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 3,444,670 shares of the auto parts company’s stock valued at $139,814,000 after acquiring an additional 100,423 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in LKQ by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 3,320,303 shares of the auto parts company’s stock worth $135,036,000 after buying an additional 48,340 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.
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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