LKQ (NASDAQ:LKQ) Releases Earnings Results, Beats Estimates By $0.37 EPS
LKQ (NASDAQ:LKQ) posted its quarterly earnings data on Thursday. The auto parts company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.37, MarketWatch Earnings reports. LKQ had a net margin of 4.74% and a return on equity of 14.85%. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the business posted $0.65 EPS. The company’s quarterly revenue was down 19.1% on a year-over-year basis.
Shares of NASDAQ:LKQ traded up $1.00 on Thursday, reaching $29.38. 71,129 shares of the company’s stock were exchanged, compared to its average volume of 2,086,984. The company has a fifty day moving average of $26.54 and a 200-day moving average of $26.88. LKQ has a twelve month low of $13.31 and a twelve month high of $36.63. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 15.45 and a beta of 1.67. The company has a current ratio of 2.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.96.
LKQ has been the subject of a number of recent research reports. Stifel Nicolaus reduced their price objective on shares of LKQ from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Zacks Investment Research cut shares of LKQ from a “hold” rating to a “sell” rating and set a $24.00 target price on the stock. in a report on Tuesday, April 28th. BidaskClub cut shares of LKQ from a “hold” rating to a “sell” rating in a report on Tuesday, July 14th. Barrington Research initiated coverage on shares of LKQ in a report on Tuesday, June 2nd. They issued a “buy” rating and a $35.00 price target on the stock. Finally, Stephens lowered their price target on shares of LKQ from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $35.33.
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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