LKQ (NASDAQ:LKQ) Releases Earnings Results, Beats Estimates By $0.09 EPS

LKQ (NASDAQ:LKQGet Rating) released its quarterly earnings data on Thursday. The auto parts company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.09, MarketWatch Earnings reports. LKQ had a net margin of 8.33% and a return on equity of 20.13%. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period last year, the firm earned $0.94 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. LKQ updated its FY22 guidance to $3.80-4.10 EPS.

NASDAQ:LKQ opened at $49.63 on Friday. LKQ has a 12 month low of $42.36 and a 12 month high of $60.43. The firm has a fifty day simple moving average of $46.60 and a 200-day simple moving average of $53.05. The company has a current ratio of 1.96, a quick ratio of 0.76 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $14.14 billion, a P/E ratio of 13.31 and a beta of 1.64.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Thursday, May 19th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, May 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.01%. LKQ’s payout ratio is currently 26.81%.

A number of equities analysts have recently issued reports on the stock. Raymond James dropped their price objective on shares of LKQ from $62.00 to $59.00 in a research note on Monday, April 11th. StockNews.com downgraded shares of LKQ from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 13th. Finally, Barrington Research upgraded shares of LKQ from a “market perform” rating to an “outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $62.20.

Several institutional investors have recently modified their holdings of the stock. Neo Ivy Capital Management raised its holdings in shares of LKQ by 113.7% during the fourth quarter. Neo Ivy Capital Management now owns 641 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 341 shares during the last quarter. KB Financial Partners LLC purchased a new position in shares of LKQ during the fourth quarter worth $48,000. Glenmede Trust Co. NA raised its holdings in shares of LKQ by 1.8% during the fourth quarter. Glenmede Trust Co. NA now owns 48,664 shares of the auto parts company’s stock worth $2,920,000 after purchasing an additional 852 shares during the last quarter. Horizon Investments LLC increased its holdings in LKQ by 20.0% in the fourth quarter. Horizon Investments LLC now owns 10,485 shares of the auto parts company’s stock valued at $629,000 after buying an additional 1,745 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in LKQ by 9.0% in the fourth quarter. MML Investors Services LLC now owns 23,752 shares of the auto parts company’s stock valued at $1,426,000 after buying an additional 1,971 shares in the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

About LKQ (Get Rating)

LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through 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 for LKQ (NASDAQ:LKQ)

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