LKQ Corporation to Issue Quarterly Dividend of $0.30 (NASDAQ:LKQ)

LKQ Corporation (NASDAQ:LKQ) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Thursday, August 20th will be paid a dividend of 0.30 per share by the auto parts company on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Thursday, August 20th.

LKQ has a payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect LKQ to earn $3.33 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 36.0%.

LKQ Trading Down 14.4%

Shares of LKQ stock traded down $3.79 on Thursday, hitting $22.60. 9,797,520 shares of the company’s stock traded hands, compared to its average volume of 2,853,544. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 11.19 and a beta of 0.83. The company’s fifty day simple moving average is $25.95 and its 200 day simple moving average is $29.25. LKQ has a one year low of $21.17 and a one year high of $37.13. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.60 and a current ratio of 1.54.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.04). LKQ had a return on equity of 11.65% and a net margin of 3.71%.The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Equities analysts forecast that LKQ will post 3 EPS for the current year.

Wall Street Analyst Weigh In

LKQ has been the subject of a number of recent research reports. Weiss Ratings raised LKQ from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Barclays reduced their price target on LKQ from $33.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Zacks Research raised LKQ from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Stephens lowered their price objective on LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.62.

LKQ Company Profile

LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company supplies a broad range of replacement components, including recycled original equipment manufacturer (OEM) parts, aftermarket parts, refurbished and remanufactured items. Its products support collision repair, mechanical repair and performance enhancement needs across passenger cars, heavy trucks and recreational vehicles.

Through a combination of in-house operations and strategic acquisitions, LKQ has developed a comprehensive product portfolio that extends beyond core replacement parts.