Analysts Expect LKQ Co. (NASDAQ:LKQ) Will Post Quarterly Sales of $2.96 Billion


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Wall Street brokerages expect LKQ Co. (NASDAQ:LKQ) to post sales of $2.96 billion for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for LKQ’s earnings. The lowest sales estimate is $2.85 billion and the highest is $3.09 billion. LKQ posted sales of $3.00 billion in the same quarter last year, which would indicate a negative year over year growth rate of 1.3%. The firm is expected to report its next earnings results before the market opens on Thursday, April 29th.

On average, analysts expect that LKQ will report full year sales of $12.21 billion for the current financial year, with estimates ranging from $11.83 billion to $12.56 billion. For the next financial year, analysts forecast that the firm will report sales of $12.63 billion, with estimates ranging from $12.29 billion to $12.96 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover LKQ.

LKQ (NASDAQ:LKQ) last released its earnings results on Wednesday, February 17th. The auto parts company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.10. LKQ had a return on equity of 14.23% and a net margin of 5.12%. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.88 billion.

Several analysts have recently weighed in on LKQ shares. Zacks Investment Research lowered LKQ from a “buy” rating to a “hold” rating and set a $38.00 price objective on the stock. in a report on Tuesday, December 29th. Barrington Research reaffirmed a “buy” rating on shares of LKQ in a research note on Tuesday, February 23rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $40.71.

Shares of NASDAQ:LKQ traded up $0.37 during trading on Friday, hitting $44.68. 1,206,908 shares of the stock were exchanged, compared to its average volume of 1,852,212. LKQ has a 1-year low of $19.42 and a 1-year high of $44.88. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 22.80 and a beta of 1.67. The company’s fifty day simple moving average is $42.50 and its 200-day simple moving average is $37.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.13.

A number of institutional investors have recently added to or reduced their stakes in the stock. DnB Asset Management AS boosted its stake in LKQ by 26.8% during the 1st quarter. DnB Asset Management AS now owns 53,428 shares of the auto parts company’s stock worth $2,262,000 after acquiring an additional 11,293 shares during the last quarter. FDx Advisors Inc. raised its holdings in LKQ by 3.0% during the 1st quarter. FDx Advisors Inc. now owns 9,597 shares of the auto parts company’s stock worth $406,000 after buying an additional 284 shares during the period. Lawson Kroeker Investment Management Inc. NE raised its holdings in LKQ by 1.6% during the 1st quarter. Lawson Kroeker Investment Management Inc. NE now owns 122,660 shares of the auto parts company’s stock worth $5,192,000 after buying an additional 1,955 shares during the period. Old Port Advisors acquired a new stake in LKQ during the 1st quarter worth approximately $223,000. Finally, Pacer Advisors Inc. raised its holdings in LKQ by 197.3% during the 1st quarter. Pacer Advisors Inc. now owns 80,328 shares of the auto parts company’s stock worth $3,400,000 after buying an additional 53,310 shares during the period. 90.91% of the stock is currently owned by institutional investors and hedge funds.

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 through three segments: North America, Europe, and Specialty. 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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