Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

Wall Street analysts expect that LKQ Co. (NASDAQ:LKQ - Get Rating) will post sales of $3.38 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for LKQ's earnings, with the highest sales estimate coming in at $3.51 billion and the lowest estimate coming in at $3.27 billion. LKQ posted sales of $3.44 billion during the same quarter last year, which indicates a negative year over year growth rate of 1.7%. The firm is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that LKQ will report full year sales of $13.30 billion for the current year, with estimates ranging from $12.95 billion to $13.55 billion. For the next fiscal year, analysts anticipate that the company will post sales of $13.58 billion, with estimates ranging from $13.33 billion to $13.80 billion. Zacks Investment Research's sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for LKQ.

LKQ (NASDAQ:LKQ - Get Rating) last issued its earnings results on Thursday, April 28th. The auto parts company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.91 by $0.09. LKQ had a net margin of 8.28% and a return on equity of 20.19%. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the previous year, the firm earned $0.94 earnings per share. The firm's revenue for the quarter was up 5.6% on a year-over-year basis.

A number of research analysts have issued reports on the stock. Raymond James reduced their price objective on shares of LKQ from $62.00 to $59.00 in a research report on Monday, April 11th. Barrington Research raised shares of LKQ from a "market perform" rating to an "outperform" rating in a research report on Thursday, April 28th. Finally, StockNews.com downgraded shares of LKQ from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $62.20.

In related news, Director Holdings L.P. Valueact sold 5,000,000 shares of the company's stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $50.35, for a total value of $251,750,000.00. Following the transaction, the director now owns 12,552,751 shares in the company, valued at approximately $632,031,012.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Patrick Berard sold 702 shares of the company's stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $49.72, for a total transaction of $34,903.44. Following the completion of the transaction, the director now owns 11,806 shares in the company, valued at approximately $586,994.32. The disclosure for this sale can be found here. Insiders own 0.47% of the company's stock.

A number of large investors have recently modified their holdings of the business. Neuberger Berman Group LLC raised its position in LKQ by 6.5% in the 1st quarter. Neuberger Berman Group LLC now owns 550,291 shares of the auto parts company's stock worth $24,990,000 after buying an additional 33,645 shares during the last quarter. Sawtooth Solutions LLC purchased a new position in LKQ in the 1st quarter worth about $669,000. Toroso Investments LLC increased its position in shares of LKQ by 8.4% during the 1st quarter. Toroso Investments LLC now owns 9,821 shares of the auto parts company's stock valued at $446,000 after purchasing an additional 765 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of LKQ by 75.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 108,470 shares of the auto parts company's stock valued at $4,926,000 after purchasing an additional 46,676 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its position in shares of LKQ by 87.4% during the 1st quarter. Wealthfront Advisers LLC now owns 50,662 shares of the auto parts company's stock valued at $2,301,000 after purchasing an additional 23,625 shares during the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

Shares of LKQ stock opened at $52.34 on Friday. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.46. The company's fifty day simple moving average is $48.43 and its two-hundred day simple moving average is $52.28. The company has a market cap of $14.80 billion, a P/E ratio of 14.03 and a beta of 1.46. LKQ has a 12-month low of $42.36 and a 12-month high of $60.43.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Thursday, May 19th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, May 18th. LKQ's dividend payout ratio (DPR) is presently 26.81%.

LKQ Company Profile (Get Rating)

LKQ Corporation 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.

Recommended StoriesGet a free copy of the StockNews.com research report on LKQ (LKQ)These Are the Three (3) Most Upgraded Stocks For Q2MarketBeat: Week in Review 5/23 – 5/27Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices Affirm Stock Has Affirmed a BottomAirbnb: Bold Competitive Threats & A New World of Travel

Get a free copy of the Zacks research report on LKQ (LKQ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider LKQ, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LKQ wasn't on the list.

While LKQ currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Each market day you'll get a one-minute market summary to help you invest wisely.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.