LKQ Co. (NASDAQ:LKQ) – Equities research analysts at Jefferies Group issued their Q1 2019 earnings estimates for LKQ in a report released on Monday. Jefferies Group analyst B. Jordan expects that the auto parts company will post earnings per share of $0.57 for the quarter. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for LKQ’s Q2 2019 earnings at $0.62 EPS and Q3 2019 earnings at $0.58 EPS.
LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. LKQ had a net margin of 5.27% and a return on equity of 15.10%. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the previous year, the business earned $0.41 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis.
LKQ (NASDAQ LKQ) traded up $0.20 during trading hours on Wednesday, reaching $39.51. The company’s stock had a trading volume of 3,655,515 shares, compared to its average volume of 1,838,489. The stock has a market cap of $12,383.40, a PE ratio of 22.02, a PEG ratio of 1.18 and a beta of 0.97. LKQ has a 52 week low of $27.85 and a 52 week high of $41.42. The company has a current ratio of 2.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.75.
A number of hedge funds have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC grew its holdings in LKQ by 9.3% during the third quarter. Parametric Portfolio Associates LLC now owns 765,328 shares of the auto parts company’s stock valued at $27,544,000 after purchasing an additional 65,065 shares during the period. Neuberger Berman Group LLC raised its position in LKQ by 1.9% during the third quarter. Neuberger Berman Group LLC now owns 1,261,900 shares of the auto parts company’s stock valued at $45,416,000 after purchasing an additional 23,317 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in LKQ during the third quarter valued at about $1,294,000. Zions Bancorporation purchased a new stake in LKQ during the third quarter valued at about $197,000. Finally, Janus Henderson Group PLC grew its stake in shares of LKQ by 106.7% during the third quarter. Janus Henderson Group PLC now owns 2,508,044 shares of the auto parts company’s stock valued at $90,264,000 after buying an additional 1,294,439 shares during the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.
In other LKQ news, VP Victor M. Casini sold 25,000 shares of LKQ stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $36.82, for a total value of $920,500.00. Following the completion of the transaction, the vice president now directly owns 213,884 shares of the company’s stock, valued at approximately $7,875,208.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William M. Iv Webster sold 100,000 shares of LKQ stock in a transaction on Friday, December 8th. The shares were 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 of the company’s stock, valued at $4,771,264.44. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
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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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