Equities analysts predict that LKQ Co. (NASDAQ:LKQ) will announce $3.12 billion in sales for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for LKQ’s earnings. The lowest sales estimate is $3.05 billion and the highest is $3.19 billion. LKQ also posted sales of $3.12 billion during the same quarter last year. The firm is scheduled to report its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that LKQ will report full year sales of $12.50 billion for the current year, with estimates ranging from $12.39 billion to $12.69 billion. For the next financial year, analysts anticipate that the company will post sales of $12.84 billion, with estimates ranging from $12.66 billion to $13.24 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that follow LKQ.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, July 25th. The auto parts company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.28 billion. LKQ had a return on equity of 14.54% and a net margin of 3.36%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share.

A number of research analysts have weighed in on the company. ValuEngine downgraded LKQ from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. BidaskClub downgraded LKQ from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. Raymond James downgraded LKQ from an “outperform” rating to a “market perform” rating in a research note on Friday, July 26th. Wellington Shields downgraded LKQ from a “buy” rating to a “gradually accumulate” rating in a research note on Thursday, July 25th. Finally, TheStreet downgraded LKQ from a “b-” rating to a “c+” rating in a research note on Friday, May 10th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.50.

Shares of NASDAQ LKQ traded down $0.01 during trading on Friday, reaching $25.99. The company had a trading volume of 66,485 shares, compared to its average volume of 2,748,319. LKQ has a 12-month low of $22.74 and a 12-month high of $34.74. The stock has a market cap of $8.11 billion, a PE ratio of 11.93, a P/E/G ratio of 0.87 and a beta of 1.33. The business’s 50-day moving average is $26.09 and its 200 day moving average is $27.36. The company has a quick ratio of 0.94, a current ratio of 2.20 and a debt-to-equity ratio of 1.03.

In related news, EVP John S. Quinn sold 10,721 shares of LKQ stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $27.04, for a total transaction of $289,895.84. Following the sale, the executive vice president now owns 254,674 shares of the company’s stock, valued at approximately $6,886,384.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of LKQ. Dimensional Fund Advisors LP grew its holdings in LKQ by 14.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,776,182 shares of the auto parts company’s stock valued at $89,622,000 after buying an additional 485,510 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of LKQ by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 4,266,318 shares of the auto parts company’s stock worth $101,069,000 after purchasing an additional 316,437 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of LKQ by 36.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 74,465 shares of the auto parts company’s stock worth $2,113,000 after purchasing an additional 20,000 shares during the period. IFM Investors Pty Ltd boosted its holdings in LKQ by 7.3% during the 1st quarter. IFM Investors Pty Ltd now owns 22,033 shares of the auto parts company’s stock valued at $625,000 after acquiring an additional 1,503 shares during the period. Finally, Gulf International Bank UK Ltd boosted its holdings in LKQ by 3.5% during the 1st quarter. Gulf International Bank UK Ltd now owns 71,958 shares of the auto parts company’s stock valued at $2,042,000 after acquiring an additional 2,400 shares during the period. 91.47% of the stock is currently owned by institutional investors.

LKQ Company Profile

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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