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.
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.
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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