Analysts Anticipate LKQ Co. (NASDAQ:LKQ) Will Post Quarterly Sales of $3.31 Billion

Brokerages expect that LKQ Co. (NASDAQ:LKQ) will announce $3.31 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for LKQ’s earnings. The highest sales estimate is $3.39 billion and the lowest is $3.22 billion. LKQ posted sales of $3.03 billion in the same quarter last year, which would indicate a positive year over year growth rate of 9.2%. The firm is scheduled to report its next earnings report before the market opens on Thursday, July 25th.

On average, analysts expect that LKQ will report full-year sales of $12.73 billion for the current fiscal year, with estimates ranging from $12.55 billion to $12.89 billion. For the next fiscal year, analysts anticipate that the business will report sales of $13.16 billion, with estimates ranging from $12.94 billion to $13.44 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover LKQ.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, April 25th. The auto parts company reported $0.56 EPS for the quarter, meeting analysts’ consensus estimates of $0.56. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.14 billion. LKQ had a return on equity of 14.39% and a net margin of 3.47%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share.

LKQ has been the subject of several research reports. Zacks Investment Research raised LKQ from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. BidaskClub lowered LKQ from a “hold” rating to a “sell” rating in a research report on Saturday, June 1st. Raymond James set a $33.00 price target on LKQ and gave the company a “buy” rating in a research report on Friday, April 26th. TheStreet upgraded LKQ from a “c” rating to a “b-” rating in a research report on Thursday, April 25th. Finally, ValuEngine upgraded LKQ from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. LKQ presently has an average rating of “Hold” and a consensus price target of $36.50.

In related news, Director Robert M. Hanser sold 1,131 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $27.93, for a total value of $31,588.83. Following the completion of the sale, the director now directly owns 13,923 shares of the company’s stock, valued at approximately $388,869.39. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.71% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in LKQ. Lunia Capital LP lifted its stake in LKQ by 2,163.3% in the 4th quarter. Lunia Capital LP now owns 16,297,811 shares of the auto parts company’s stock worth $16,298,000 after acquiring an additional 15,577,728 shares in the last quarter. Norges Bank purchased a new stake in shares of LKQ during the 4th quarter worth about $197,821,000. FMR LLC raised its stake in shares of LKQ by 97.1% during the 4th quarter. FMR LLC now owns 9,999,391 shares of the auto parts company’s stock worth $237,286,000 after purchasing an additional 4,926,755 shares in the last quarter. International Value Advisers LLC purchased a new stake in shares of LKQ during the 1st quarter worth about $93,177,000. Finally, Nordea Investment Management AB raised its stake in shares of LKQ by 39.5% during the 4th quarter. Nordea Investment Management AB now owns 7,079,682 shares of the auto parts company’s stock worth $168,001,000 after purchasing an additional 2,004,457 shares in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

LKQ stock traded up $0.13 during trading hours on Wednesday, hitting $26.16. 70,682 shares of the stock traded hands, compared to its average volume of 2,807,539. The firm has a 50-day moving average of $26.40. LKQ has a one year low of $22.74 and a one year high of $36.10. The firm has a market capitalization of $8.36 billion, a P/E ratio of 11.97, a P/E/G ratio of 0.86 and a beta of 1.33. The company has a current ratio of 2.36, a quick ratio of 0.99 and a debt-to-equity ratio of 0.84.

About LKQ

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. 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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