Roth Capital Analysts Increase Earnings Estimates for LKQ Co. (NASDAQ:LKQ)

LKQ Co. (NASDAQ:LKQ) – Equities research analysts at Roth Capital lifted their Q4 2024 EPS estimates for LKQ in a research note issued to investors on Wednesday, April 24th. Roth Capital analyst S. Stember now forecasts that the auto parts company will post earnings of $0.94 per share for the quarter, up from their prior estimate of $0.93. The consensus estimate for LKQ’s current full-year earnings is $4.07 per share. Roth Capital also issued estimates for LKQ’s Q1 2025 earnings at $0.96 EPS, Q2 2025 earnings at $1.17 EPS, Q3 2025 earnings at $1.26 EPS, Q4 2025 earnings at $1.03 EPS and FY2025 earnings at $4.42 EPS.

LKQ (NASDAQ:LKQ) last issued its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned $1.04 earnings per share. LKQ’s revenue for the quarter was up 10.6% on a year-over-year basis.

Other analysts have also issued research reports about the company. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 target price on shares of LKQ in a research report on Tuesday, April 9th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Friday, April 19th. Robert W. Baird reduced their price target on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Roth Mkm reissued a “buy” rating and issued a $65.00 price objective on shares of LKQ in a research note on Tuesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.60.

LKQ Stock Performance

Shares of LKQ stock opened at $42.92 on Thursday. The firm has a market cap of $11.45 billion, a PE ratio of 14.02 and a beta of 1.28. The company has a quick ratio of 0.53, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. LKQ has a 52 week low of $41.30 and a 52 week high of $59.38. The business’s fifty day simple moving average is $50.97 and its 200-day simple moving average is $48.27.

Hedge Funds Weigh In On LKQ

Large investors have recently bought and sold shares of the company. OFI Invest Asset Management purchased a new position in shares of LKQ during the 3rd quarter worth approximately $26,000. CVA Family Office LLC purchased a new position in LKQ in the fourth quarter worth $26,000. Private Trust Co. NA lifted its holdings in LKQ by 228.4% in the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 450 shares during the period. NBC Securities Inc. purchased a new stake in shares of LKQ during the 3rd quarter worth $34,000. Finally, Headinvest LLC acquired a new position in shares of LKQ during the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Insider Buying and Selling at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction on Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the transaction, the chief executive officer now directly owns 386,522 shares in the company, valued at $20,087,548.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.55% of the stock is owned by company insiders.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, May 15th. LKQ’s dividend payout ratio (DPR) is 38.96%.

About LKQ

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 mechanical automotive parts and accessories; 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.