LKQ Co. (NASDAQ:LKQ – Free Report) – Equities research analysts at Zacks Research upped their FY2025 earnings per share (EPS) estimates for LKQ in a research note issued on Monday, September 4th. Zacks Research analyst L. Shahu now expects that the auto parts company will earn $4.70 per share for the year, up from their previous estimate of $4.69. The consensus estimate for LKQ’s current full-year earnings is $4.00 per share.
Other research analysts also recently issued reports about the company. StockNews.com downgraded LKQ from a “strong-buy” rating to a “buy” rating in a report on Sunday. Robert W. Baird restated an “outperform” rating and set a $65.00 price objective on shares of LKQ in a report on Monday, August 28th.
LKQ Trading Down 1.2 %
Shares of NASDAQ LKQ opened at $50.82 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.15 and a current ratio of 2.03. The business’s 50 day moving average price is $55.01 and its 200-day moving average price is $55.40. LKQ has a fifty-two week low of $46.20 and a fifty-two week high of $59.38. The company has a market cap of $13.60 billion, a price-to-earnings ratio of 13.62 and a beta of 1.35.
LKQ (NASDAQ:LKQ – Get Free Report) last issued its quarterly earnings results on Thursday, July 27th. The auto parts company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.03. LKQ had a return on equity of 18.65% and a net margin of 7.80%. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis.
LKQ Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were given a dividend of $0.275 per share. The ex-dividend date was Wednesday, August 16th. This represents a $1.10 annualized dividend and a yield of 2.16%. LKQ’s dividend payout ratio (DPR) is presently 29.49%.
Insider Buying and Selling at LKQ
In other LKQ news, CEO Dominick P. Zarcone sold 32,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $51.74, for a total transaction of $1,655,680.00. Following the sale, the chief executive officer now owns 495,004 shares of the company’s stock, valued at approximately $25,611,506.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.55% of the company’s stock.
Institutional Trading of LKQ
A number of institutional investors have recently made changes to their positions in the business. Portside Wealth Group LLC acquired a new stake in shares of LKQ in the 2nd quarter worth $234,000. Delphi Management Inc. MA acquired a new stake in shares of LKQ in the 2nd quarter worth $1,242,000. Strategy Asset Managers LLC boosted its position in shares of LKQ by 10.3% in the 2nd quarter. Strategy Asset Managers LLC now owns 9,347 shares of the auto parts company’s stock worth $545,000 after purchasing an additional 872 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of LKQ in the 2nd quarter worth $16,667,000. Finally, Comerica Bank acquired a new stake in shares of LKQ in the 2nd quarter worth $70,700,000. Institutional investors and hedge funds own 93.67% of the company’s stock.
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 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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