Zacks: Brokerages Anticipate LKQ Co. (NASDAQ:LKQ) Will Post Quarterly Sales of $2.96 Billion


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Brokerages predict that LKQ Co. (NASDAQ:LKQ) will report sales of $2.96 billion for the current quarter, Zacks reports. Eight analysts have made estimates for LKQ’s earnings. The highest sales estimate is $3.09 billion and the lowest is $2.85 billion. LKQ reported sales of $3.00 billion during the same quarter last year, which would suggest a negative year over year growth rate of 1.3%. The company is scheduled to announce its next earnings results on Thursday, April 29th.

On average, analysts expect that LKQ will report full-year sales of $12.18 billion for the current fiscal year, with estimates ranging from $11.56 billion to $12.56 billion. For the next financial year, analysts forecast that the firm will report sales of $12.68 billion, with estimates ranging from $12.47 billion to $12.96 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover LKQ.

LKQ (NASDAQ:LKQ) last posted its earnings results on Wednesday, February 17th. The auto parts company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.59 by $0.10. LKQ had a return on equity of 14.23% and a net margin of 5.12%.

Several equities research analysts have recently weighed in on LKQ shares. Zacks Investment Research cut LKQ from a “buy” rating to a “hold” rating and set a $38.00 price target for the company. in a research note on Tuesday, December 29th. Barrington Research reaffirmed a “buy” rating on shares of LKQ in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $40.71.

In related news, Director Joseph M. Holsten sold 70,000 shares of LKQ stock in a transaction on Wednesday, December 9th. The stock was sold at an average price of $37.23, for a total transaction of $2,606,100.00. Following the sale, the director now directly owns 201,337 shares in the company, valued at $7,495,776.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.71% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in LKQ. JPMorgan Chase & Co. grew its position in shares of LKQ by 118.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,165,993 shares of the auto parts company’s stock valued at $76,330,000 after purchasing an additional 1,176,161 shares in the last quarter. National Pension Service lifted its stake in LKQ by 48.3% during the fourth quarter. National Pension Service now owns 39,637 shares of the auto parts company’s stock worth $1,397,000 after purchasing an additional 12,902 shares during the last quarter. Truist Financial Corp lifted its stake in LKQ by 113.6% during the fourth quarter. Truist Financial Corp now owns 60,211 shares of the auto parts company’s stock worth $2,123,000 after purchasing an additional 32,028 shares during the last quarter. Twinbeech Capital LP lifted its stake in LKQ by 356.6% during the fourth quarter. Twinbeech Capital LP now owns 55,935 shares of the auto parts company’s stock worth $1,971,000 after purchasing an additional 43,685 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in LKQ during the fourth quarter worth about $248,000. 90.91% of the stock is owned by institutional investors and hedge funds.

LKQ stock traded down $0.45 during trading hours on Tuesday, hitting $38.54. The stock had a trading volume of 1,567,093 shares, compared to its average volume of 1,844,080. The company has a quick ratio of 0.96, a current ratio of 2.13 and a debt-to-equity ratio of 0.56. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 19.89 and a beta of 1.67. LKQ has a one year low of $13.31 and a one year high of $40.04. The business’s 50 day simple moving average is $37.38 and its 200-day simple moving average is $34.10.

LKQ Company Profile

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. 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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