LKQ (LKQ) Posts Earnings Results, Misses Estimates By $0.01 EPS

LKQ (NASDAQ:LKQ) released its quarterly earnings results on Thursday. The auto parts company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01), Bloomberg Earnings reports. LKQ had a net margin of 5.27% and a return on equity of 15.10%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the previous year, the business earned $0.35 earnings per share. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. LKQ updated its FY18 guidance to $2.30-2.40 EPS.

LKQ (NASDAQ:LKQ) traded up $0.12 during midday trading on Thursday, reaching $41.58. 2,195,300 shares of the company were exchanged, compared to its average volume of 1,516,635. The stock has a market capitalization of $12,812.97, a P/E ratio of 25.99, a PEG ratio of 1.17 and a beta of 0.94. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.82 and a quick ratio of 1.10. LKQ has a 1-year low of $27.85 and a 1-year high of $43.86.

In other news, VP Michael S. Clark sold 7,500 shares of LKQ stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $40.07, for a total value of $300,525.00. Following the completion of the transaction, the vice president now owns 61,860 shares in the company, valued at $2,478,730.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John S. Quinn sold 10,301 shares of LKQ stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $43.24, for a total transaction of $445,415.24. Following the completion of the transaction, the executive vice president now owns 296,765 shares of the company’s stock, valued at approximately $12,832,118.60. The disclosure for this sale can be found here. Insiders sold 142,801 shares of company stock valued at $5,811,690 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of LKQ. Captrust Financial Advisors bought a new position in shares of LKQ in the fourth quarter valued at approximately $108,000. Calton & Associates Inc. bought a new position in shares of LKQ in the fourth quarter valued at approximately $116,000. First Personal Financial Services boosted its position in shares of LKQ by 194.0% in the fourth quarter. First Personal Financial Services now owns 3,852 shares of the auto parts company’s stock valued at $157,000 after acquiring an additional 2,542 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of LKQ by 1,773.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,572 shares of the auto parts company’s stock valued at $186,000 after acquiring an additional 4,328 shares during the period. Finally, Zions Bancorporation bought a new position in shares of LKQ in the third quarter valued at approximately $197,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

A number of analysts recently issued reports on LKQ shares. B. Riley restated a “buy” rating on shares of LKQ in a report on Wednesday, November 1st. Jefferies Group restated a “buy” rating and set a $43.00 price objective on shares of LKQ in a report on Sunday, October 29th. FBR & Co restated a “buy” rating and set a $41.00 price objective on shares of LKQ in a report on Friday, October 27th. Robert W. Baird restated a “buy” rating and set a $42.00 price objective on shares of LKQ in a report on Friday, October 27th. Finally, Stifel Nicolaus restated a “buy” rating and set a $44.00 price objective on shares of LKQ in a report on Monday, December 11th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. LKQ has a consensus rating of “Buy” and a consensus price target of $43.88.

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About LKQ

LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.

Earnings History for LKQ (NASDAQ:LKQ)

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