LKQ Co. (NASDAQ:LKQ) – Research analysts at Barrington Research boosted their Q1 2018 earnings per share (EPS) estimates for LKQ in a research report issued to clients and investors on Monday. Barrington Research analyst G. Prestopino now anticipates that the auto parts company will earn $0.59 per share for the quarter, up from their prior forecast of $0.55. Barrington Research currently has a “Buy” rating and a $45.00 price objective on the stock. Barrington Research also issued estimates for LKQ’s Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.51 EPS, Q1 2019 earnings at $0.66 EPS, Q2 2019 earnings at $0.72 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.56 EPS and FY2019 earnings at $2.57 EPS.
LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, February 22nd. The auto parts company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). LKQ had a net margin of 5.48% and a return on equity of 14.84%. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the prior year, the firm posted $0.35 EPS. LKQ’s revenue for the quarter was up 14.9% compared to the same quarter last year.
Shares of LKQ (NASDAQ:LKQ) opened at $39.48 on Tuesday. LKQ has a twelve month low of $27.85 and a twelve month high of $43.86. The firm has a market capitalization of $12,095.74, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 1.05 and a beta of 0.94. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.89 and a quick ratio of 1.09.
In other LKQ news, Director William M. Iv Webster sold 100,000 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $40.02, for a total value of $4,002,000.00. Following the completion of the transaction, the director now directly owns 119,222 shares in the company, valued at approximately $4,771,264.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John S. Quinn sold 10,301 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $43.24, for a total value 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 $12,832,118.60. The disclosure for this sale can be found here. Insiders have sold a total of 142,801 shares of company stock valued at $5,811,690 over the last 90 days. Insiders own 1.10% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of LKQ. Janus Henderson Group PLC raised its holdings in LKQ by 106.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,508,044 shares of the auto parts company’s stock valued at $90,264,000 after acquiring an additional 1,294,439 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in LKQ by 39.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,513,151 shares of the auto parts company’s stock valued at $183,550,000 after acquiring an additional 1,283,674 shares during the last quarter. CI Global Investments Inc. raised its holdings in LKQ by 49.7% in the 4th quarter. CI Global Investments Inc. now owns 3,793,044 shares of the auto parts company’s stock valued at $154,263,000 after acquiring an additional 1,259,782 shares during the last quarter. Millennium Management LLC raised its holdings in LKQ by 1,557.6% in the 4th quarter. Millennium Management LLC now owns 1,281,123 shares of the auto parts company’s stock valued at $52,103,000 after acquiring an additional 1,203,833 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its holdings in LKQ by 32.3% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,113,705 shares of the auto parts company’s stock valued at $126,634,000 after acquiring an additional 760,466 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.
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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.
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