Auto parts company LKQ Corp. (LKQ:NSD) is set to announce its earnings results for the quarter on April 27, 2023. Analysts are expecting earnings of $0.97 per LKQ stock share for the quarter, while the company has issued its FY 2023 guidance at $3.90-$4.20 EPS and FY23 guidance at $3.90-4.20 EPS.
Previous Quarter Earnings:
LKQ last released its quarterly earnings data on February 23, 2023, reporting earnings per share of $0.78 for the quarter, which missed analysts’ consensus estimates by ($0.06). The company generated $3 billion in revenue for the quarter, compared to the expected $3.04 billion. LKQ’s net margin was 8.98%, and its return on equity was 19.31%. The company’s quarterly revenue was down 5.8% YoY.
LKQ Stock Price Analysis:
LKQ stock opened at $55.90 on Thursday, down 1.1%. It has a one-year low of $46.20 and a one-year high of $59.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.87, and a quick ratio of 0.66.
Its market capitalization is $14.94 billion, with a P/E ratio of 13.60 and a beta of 1.36. The stock has a 50-day moving average price of $56.07 and a 200-day moving average price of $54.76.
According to Stock Target Advisor, research analysts have rated the LKQ stock as a “Strong Buy” with an average price target of $67.00.
LKQ Stock Dividend:
LKQ announced a quarterly dividend, which was paid on March 30, 2023. Shareholders of record on March 16, 2023, received a dividend of $0.275 per share, representing an annualized dividend of $1.10 and a dividend yield of 1.97%. The ex-dividend date of this dividend was March 15, 2023. LKQ’s dividend payout ratio is 26.76%.
LKQ Stock-Analyst Ratings:
Several analysts have provided their ratings on LKQ recently, with Roth Capital reaffirming a “buy” rating. Raymond James increased the stock’s price target from $60.00 to $65.00 and rated it as “outperform.”
Insider Transactions:
Insiders have been selling their LKQ shares, with Director Holdings L.P. Valueact selling 383,088 shares of the LKQ stock in a transaction that occurred on February 3, 2023, for a total transaction of $22,127,162.88. In the last three months, insiders have sold 3,700,295 shares of company stock worth $211,735,266. 0.55% of the stock is owned by corporate insiders.
Hedge Funds & Institutional Holdings:
Institutional trading of LKQ has seen some modifications, with hedge funds such as Rockefeller Capital Management and Northwestern Mutual Wealth Management Co. raising their stakes in the company, while Linden Thomas Advisory Services LLC acquired a new position in shares of LKQ during the fourth quarter. 93.55% of the LKQ stock is currently owned by institutional investors and hedge funds.
Company Profile:
LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service.
The company operates in the United States, Canada, the United Kingdom, Germany, Belgium, the Netherlands, Luxembourg, Italy, the Czech Republic, Austria, Poland, Slovakia, Taiwan, and other European countries. LKQ Corporation was incorporated in 1998 and is headquartered in Chicago, Illinois.
