LKQ Co. (LKQ) to Post Q3 2018 Earnings of $0.56 Per Share, SunTrust Banks Forecasts

LKQ Co. (NASDAQ:LKQ) – Investment analysts at SunTrust Banks reduced their Q3 2018 earnings estimates for LKQ in a research report issued to clients and investors on Thursday, October 4th. SunTrust Banks analyst S. Benjamin now forecasts that the auto parts company will earn $0.56 per share for the quarter, down from their previous forecast of $0.58.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 26th. The auto parts company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. LKQ had a return on equity of 14.41% and a net margin of 5.21%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s quarterly revenue was up 23.3% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded LKQ from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Tuesday, August 7th. BidaskClub lowered LKQ from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Finally, ValuEngine lowered LKQ from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the stock. LKQ presently has an average rating of “Buy” and a consensus price target of $43.89.

Shares of NASDAQ:LKQ opened at $30.04 on Monday. LKQ has a one year low of $29.60 and a one year high of $43.86. The firm has a market cap of $10.07 billion, a PE ratio of 15.98, a P/E/G ratio of 0.92 and a beta of 1.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.57 and a quick ratio of 1.05.

In other news, EVP John S. Quinn sold 8,019 shares of the stock in a transaction on Tuesday, July 17th. The stock was sold at an average price of $33.51, for a total value of $268,716.69. Following the completion of the sale, the executive vice president now owns 265,014 shares in the company, valued at $8,880,619.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Investment Services of America Inc. increased its stake in shares of LKQ by 2.4% in the third quarter. Capital Investment Services of America Inc. now owns 379,330 shares of the auto parts company’s stock worth $12,013,000 after acquiring an additional 8,840 shares during the last quarter. Fulton Bank N.A. increased its stake in shares of LKQ by 9.0% in the third quarter. Fulton Bank N.A. now owns 29,165 shares of the auto parts company’s stock worth $924,000 after acquiring an additional 2,417 shares during the last quarter. National Investment Services Inc. WI increased its stake in shares of LKQ by 29.5% in the third quarter. National Investment Services Inc. WI now owns 76,313 shares of the auto parts company’s stock worth $2,417,000 after acquiring an additional 17,368 shares during the last quarter. Fondren Management LP acquired a new position in shares of LKQ in the second quarter worth $1,595,000. Finally, Royal London Asset Management Ltd. acquired a new position in shares of LKQ in the second quarter worth $8,310,000. 89.47% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for LKQ (NASDAQ:LKQ)

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