L'intérêt à découvert pour LKQ donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de LKQ. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

LKQ (NASDAQ:LKQ) Stock, Rapport sur les intérêts à découvert

Since forming in 1998 to consolidate the auto salvage business in the United States, LKQ has developed into a leading distributor of aftermarket and recycled auto parts with around 1,700 facilities across North America and Europe. The company primarily sells into the professional channel and offers an assortment of collision and mechanical parts to both body shops and mechanical repair shops. It also continues to operate more than 70 LKQ pick-your-part junkyards. Separate from the self-service business, LKQ typically purchases around 250,000 salvage vehicles annually that are used to extract vehicle parts for resale.

LKQ Corp

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Shares of companies within the broader consumer discretionary sector are trading higher. Investors may be reacting to the US presidential election and its impact on consumer spending.

Barrington Research analyst Gary Prestopino maintains LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) with a Outperform and maintains $60 price target.

News

Price Target

Analyst Ratings

Barrington Research Maintains Outperform on LKQ, Maintains $60 Price Target

Analysts' ratings for LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) over the last quarter vary from bullish to bearish, as provided by 6 analysts.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $54.83, a high estimate of $60.00, and a low estimate of $47.00. This current average has decreased by 2.09% from the previous average price target of $56.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1729879286_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A comprehensive examination of how financial experts perceive LKQ is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brian Butler</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$47.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Craig Kennison</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$48.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Scott Stember</td>
<td>Roth MKM</td>
<td>Maintains</td>
<td>Buy</td>
<td>$59.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$55.00</td>
<td>$54.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to LKQ. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of LKQ compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for LKQ's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into LKQ's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/LKQ/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on LKQ analyst ratings.</a>
<h2>Get to Know LKQ Better</h2>
Since forming in 1998 to consolidate the auto salvage business in the United States, LKQ has developed into a leading distributor of aftermarket and recycled auto parts with around 1,700 facilities across North America and Europe. The company primarily sells into the professional, or do-it-for-me, channel and offers an assortment of collision and mechanical parts to both body shops and mechanical repair shops. It also continues to operate more than 70 LKQ pick-your-part junkyards. Separate from the self-service business, LKQ typically purchases around 250,000 salvage vehicles annually that are used to extract vehicle parts for resale.
<h3>LKQ: Delving into Financials</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, LKQ showcased positive performance, achieving a revenue growth rate of 7.63% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: LKQ's net margin excels beyond industry benchmarks, reaching 4.99%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 3.01%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): LKQ's ROA stands out, surpassing industry averages. With an impressive ROA of 1.21%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a high debt-to-equity ratio of 0.93, LKQ faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Basics of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating LKQ: Insights From 6 Financial Analysts

Stifel analyst Brian Butler maintains LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) with a Buy and lowers the price target from $53 to $47.

Stifel Maintains Buy on LKQ, Lowers Price Target to $47

Baird analyst Craig Kennison maintains LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) with a Outperform and lowers the price target from $50 to $48.

Baird Maintains Outperform on LKQ, Lowers Price Target to $48

LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) reported third-quarter adjusted earnings per share of 88 cents, missing the street view of 89 cents. Quarterly sales of $3.584 billion <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41511020/lkq-corporation-announces-results-for-third-quarter-2024" rel="noreferrer noopener">missed the analyst consensus of $3.639 billion.</a>
Parts and services organic revenue decreased by 2.8% (4.3% on a per-day basis), while the net impact of acquisitions and divestitures contributed a 3.1% revenue increase.
Additionally, foreign exchange rates boosted revenue by 0.4% year over year, resulting in a total parts and services revenue increase of 0.6%. Other revenue declined by 2.2%, mainly due to lower commodity prices and volumes compared to the same period in 2023.
On an adjusted basis, net income&nbsp;was $230&nbsp;million compared to $231 million in the year-ago period, a decrease of 0.3%.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41519240/keurig-dr-pepper-q3-earnings-hit-the-mark-sales-fall-short-boosts-portfolio-with-energy-drink-busin" rel="noreferrer noopener">Keurig Dr Pepper Q3: Earnings Hit The Mark, Sales Fall Short &amp; Boosts Portfolio With Energy Drink Business GHOST</a>
As of September&nbsp;30, the balance sheet reflected a total debt of $4.4&nbsp;billion, and total leverage, as defined in the credit facility, was 2.4x EBITDA.
During the third quarter, the company returned over $200&nbsp;million to its shareholders by investing approximately $125&nbsp;million to repurchase 3.0&nbsp;million shares of its common stock and distributing $79&nbsp;million in cash dividends.
The company also approved a $1 billion increase to the stock repurchase program, raising the total authorization to $4.5 billion, with an available balance of $1.8 billion for potential <a target="_blank" href="https://www.benzinga.com//node/41510903" rel="noreferrer noopener">repurchases through October 25, 2026.</a>
Additionally, the board declared a quarterly cash dividend of $0.30 per share of common stock, payable on November 27, to stockholders of record as of the close of business on November 14.
LKQ has <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">revised its outlook</a>, now projecting adjusted EPS of $3.38 to $3.52, compared to an estimate of $3.53. The prior range was $3.50 to $3.70.
Additionally, for FY24, LKQ expects an organic revenue decline for parts and services of 2.75% to 1.75%, a shift from the previous forecast of a decline of 1.25% to an increase of 0.25%.
Price Action: LKQ shares are trading lower by 0.13% to $37.73&nbsp;at last check Thursday.
Read Next:
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</ul>

Earnings

Equities

Guidance

Dividends

Buybacks

Markets

Movers

General

LKQ Q3: Earnings And Sales Miss, Trims Outlook, Boosts Buyback & More

LKQ Revises FY24 Outlook: Sees Organic Revenue Decline For Parts And Services Of (2.75%)-(1.75%), Compared To Prior View Of (1.25%)-0.25%

LKQ Revises Outlook: Sees Adjusted EPS Of $3.38-$3.52 Vs. $3.52 Estimate (Prior View: $3.50-$3.70)

LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) reported quarterly earnings of $0.88 per share which missed the analyst consensus estimate of $0.89 by 1.12 percent. This is a 2.33 percent increase over earnings of $0.86 per share from the same period last year. The company reported quarterly sales of $3.58 billion which missed the analyst consensus estimate of $3.63 billion by 1.27 percent. This is a 0.45 percent increase over sales of $3.57 billion the same period last year.

Earnings Misses

LKQ Q3 Adj EPS $0.88 Misses $0.89 Estimate, Sales $3.58B Miss $3.63B Estimate

LKQ Plans $1B Increase And One-year Extension To Its Stock Repurchase Program, Raising Aggregate Authorization To $4.5B Through October 25, 2026

LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) is set to give its latest quarterly earnings report on Thursday, 2024-10-24. Here's what investors need to know before the announcement.
Analysts estimate that LKQ will report an earnings per share (EPS) of $0.89. 
The announcement from LKQ is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Performance in Previous Earnings</h3>
The company's EPS missed by $0.05 in the last quarter, leading to a 3.16% increase in the share price on the following day.
Here's a look at LKQ's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.03</td>
<td>0.95</td>
<td>0.76</td>
<td>0.96</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.98</td>
<td>0.82</td>
<td>0.84</td>
<td>0.86</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.0%</td>
<td>4.0%</td>
<td>1.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729692136_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of LKQ were trading at $37.48 as of October 22. Over the last 52-week period, shares are down 14.01%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<h3>Analyst Observations about LKQ</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on LKQ.
A total of 7 analyst ratings have been received for LKQ, with the consensus rating being Outperform. The average one-year price target stands at $58.43, suggesting a potential 55.9% upside.
<h3>Analyzing Ratings Among Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of Pool, Genuine Parts and GigaCloud Tech, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Neutral trajectory for Pool, with an average 1-year price target of $373.57, suggesting a potential 896.72% upside.</li>
<li>The consensus among analysts is an Neutral trajectory for Genuine Parts, with an average 1-year price target of $149.2, indicating a potential 298.08% upside.</li>
<li>The consensus among analysts is an Buy trajectory for GigaCloud Tech, with an average 1-year price target of $50.0, indicating a potential 33.4% upside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
In the peer analysis summary, key metrics for Pool, Genuine Parts and GigaCloud Tech are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>LKQ</td>
<td>Outperform</td>
<td>7.63%</td>
<td>$1.44B</td>
<td>3.01%</td>
</tr>
<tr>
<td>Pool</td>
<td>Neutral</td>
<td>-4.72%</td>
<td>$530.14M</td>
<td>13.82%</td>
</tr>
<tr>
<td>Genuine Parts</td>
<td>Neutral</td>
<td>0.80%</td>
<td>$2.18B</td>
<td>6.61%</td>
</tr>
<tr>
<td>GigaCloud Tech</td>
<td>Buy</td>
<td>103.01%</td>
<td>$76.45M</td>
<td>7.98%</td>
</tr>
</tbody>
</table>

Key Takeaway:
LKQ ranks at the top for Gross Profit and Return on Equity among its peers. It is in the middle for Revenue Growth.
<h3>Discovering LKQ: A Closer Look</h3>
Since forming in 1998 to consolidate the auto salvage business in the United States, LKQ has developed into a leading distributor of aftermarket and recycled auto parts with around 1,700 facilities across North America and Europe. The company primarily sells into the professional, or do-it-for-me, channel and offers an assortment of collision and mechanical parts to both body shops and mechanical repair shops. It also continues to operate more than 70 LKQ pick-your-part junkyards. Separate from the self-service business, LKQ typically purchases around 250,000 salvage vehicles annually that are used to extract vehicle parts for resale.
<h3>LKQ: A Financial Overview</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Positive Revenue Trend: Examining LKQ's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 7.63% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: LKQ's net margin excels beyond industry benchmarks, reaching 4.99%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 3.01%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): LKQ's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.21% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.93, caution is advised due to increased financial risk.
<a href="https://www.benzinga.com/quote/LKQ/earnings">To track all earnings releases for LKQ visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Uncovering Potential: LKQ's Earnings Preview

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Shares of companies within the broader consumer discretionary sector are trading higher following better-than-expected consumer sentiment data. Strong earnings from RH and anticipated rate cuts may be lifting the sector.

Roth MKM analyst Scott Stember maintains LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) with a Buy and maintains $59 price target.

Roth MKM Maintains Buy on LKQ, Maintains $59 Price Target

In the latest quarter, 5 analysts provided ratings for LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for LKQ, revealing an average target of $58.0, a high estimate of $65.00, and a low estimate of $50.00. A 1.02% drop is evident in the current average compared to the previous average price target of $58.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1726146064_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive LKQ is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$55.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Craig Kennison</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$50.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Scott Stember</td>
<td>Roth MKM</td>
<td>Maintains</td>
<td>Buy</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$60.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to LKQ. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of LKQ compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for LKQ's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into LKQ's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/LKQ/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on LKQ analyst ratings.</a>
<h2>Unveiling the Story Behind LKQ</h2>
Since forming in 1998 to consolidate the auto salvage business in the United States, LKQ has developed into a leading distributor of aftermarket and recycled auto parts with around 1,700 facilities across North America and Europe. The company primarily sells into the professional, or do-it-for-me, channel and offers an assortment of collision and mechanical parts to both body shops and mechanical repair shops. It also continues to operate more than 70 LKQ pick-your-part junkyards. Separate from the self-service business, LKQ typically purchases around 250,000 salvage vehicles annually that are used to extract vehicle parts for resale.
<h3>LKQ's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: LKQ's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 7.63%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 4.99%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): LKQ's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.01% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): LKQ's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.21%, the company showcases efficient use of assets and strong financial health.
Debt Management: LKQ's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.93, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>What Are Analyst Ratings?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings For LKQ

JP Morgan analyst Samik Chatterjee maintains LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) with a Overweight and raises the price target from $54 to $55.

JP Morgan Maintains Overweight on LKQ, Raises Price Target to $55

Global consumer spending growth exhibited some resilience in the <a href="https://www.benzinga.com/news/24/08/40494701/is-the-consumer-ok-what-we-know-from-retailers-about-spending-in-2024">second quarter of 2024</a>.
However, <a href="https://www.benzinga.com/topic/pmi">the latest PMI data</a> shows a deceleration in the rate of expansion in the output of consumer-oriented sectors. For example, the U.S. recorded a decline in manufacturing activity for the fourth consecutive month in July, <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40103631/us-manufacturing-activity-decreases-for-fourth-straight-month-hits-8-month-low-co">hitting an eight-month low</a>.
Amid sticky <a href="https://www.benzinga.com/topic/inflation">inflation</a> and elevated <a href="https://www.benzinga.com/topic/interest-rates">interest rates</a>, consumers are turning to the pre-owned and refurbished goods market. Affordability is a factor driving this trend, as second-hand and refurbished items often come at a fraction of the cost of new ones.
There&#8217;s also the secular shift in consumer behavior towards choosing sustainable alternatives.
The pre-owned and refurbished goods market has grown steadily in recent years. It surged from a niche segment to a mainstream consumer choice.
The rise of this market aligns with the principles of a circular economy. This model aims to minimize waste and maximize resource efficiency by recycling and reusing existing products. Second-hand markets play a crucial role in extending the lifespan of products and reducing the demand for new materials.
Here's a look at how some of the key players performed during the second quarter.
<h2 class="wp-block-heading">EBay</h2>
<ul>
<li>E-commerce website eBay Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) reported second-quarter net revenues and non-GAAP earnings of $2.57 billion and $1.18 per share, respectively. That&#8217;s significantly higher than consensus estimates. </li>
<li>EBay&#8217;s 2024 Recommerce Report shows that &#8220;pre-loved&#8221; and refurbished goods make up around 40% of the company's GMV (gross merchandise volume).</li>
<li>GAAP operating margins expanded to 21.3%, from 20.4% in the year-ago quarter. Non-GAAP operating margins improved to 27.9%, from 26.9% for the same quarter last year.</li>
<li><a href="https://www.benzinga.com/quote/EBAY">EBay</a> also added refurbished golf clubs and now offers warranty services for pre-owned clubs and has eased its returns policies.</li>
<li>To trigger more sales of second-hand apparel, eBay had added new Gen AI features, such as &#8220;Shop the Look&#8221; and &#8220;Explore&#8221;.&nbsp; The company, in partnership with privately-owned Certilogo, has introduced a new &#8220;Click to Resale&#8221; feature, making it easier for sellers to list their second-hand items.</li>
</ul>
<h2 class="wp-block-heading">ATRenew</h2>
<ul>
<li>ATRenew Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NYSE">RERE</a>) reported net revenues of RMB 3.78 billion ($519.7 million), up 27.4% year-on-year. Non-GAAP operating income surged to RMB 94.1 million ($12.9 million), from RMB 52.0 million in the year-ago quarter.</li>
<li>The company recorded 8.4 million units of products transacted, compared to 7.7 million in the second quarter of last year. The GMV (gross merchandise volume) of its multi-category recycling service business grew by nearly 400% year-over-year.</li>
<li><a href="https://www.benzinga.com/quote/RERE">ATRenew</a> renewed its exclusive partnership with JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) in the second quarter. Through this collaboration, the company generated significant growth in its recycling transaction order amount. During the June 18 (618) shopping festival, trading volumes of refurbished electronic products grew by a whopping 100% year-over-year.</li>
<li>The company has been expanding its services to meet the diverse recycling needs of consumers, including luxury goods and digital products. "We are confident that our unique circular economy business model positions us well for healthy long-term growth,&#8221; CEO Kerry Xuefeng Chen said during the earnings call.</li>
</ul>
<h2 class="wp-block-heading">LKQ Corp</h2>
<ul>
<li>LKQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) reported revenue of&nbsp;$3.7&nbsp;billion, representing 8%&nbsp;year-on-year growth. However, adjusted net income contracted by 10.4% to $261&nbsp;million, from $291 million in the year-ago quarter, amid a challenging macro.</li>
<li>The company recorded operating cash flows of&nbsp;$213 million and free cash flows&nbsp;of&nbsp;$133 million. <a href="https://www.benzinga.com/quote/LKQ">LKQ Corp</a> repurchased $125&nbsp;million&nbsp;worth of shares during the second quarter.</li>
<li>LKQ has been given a Buy or Outperform rating by 7 analysts that cover the stock, including analysts at Baird, Roth MKM, and Barrington Research. The consensus price target of these 7 analysts is $62.43.</li>
</ul>
<h2 class="wp-block-heading">PDD Holdings</h2>
<ul>
<li>PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) owns online marketplace Temu, which has an extensive section on used and refurbished items. <a href="https://www.benzinga.com/quote/PDD">PDD Holdings</a> is scheduled to report its second-quarter results on August 26.</li>
<li>The second-hand market is booming, and the trend is expected to continue, driven by shifting consumer behavior towards sustainability and affordability. The U.S. recommerce market (the market for buying and selling pre-owned goods) is projected to grow from an estimated $188 billion in 2023 to $276 billion by 2028.</li>
<li>Investors will continue to watch the stocks of eBay, ATRenew, and LKQ Corp, as these companies are positioned to drive growth in the market for refurbished goods.</li>
</ul>
Price Action: 
<ul>
<li>Shares of eBay have climbed almost 30% year to date</li>
<li>ATRenew's stock has jumped almost 45% during the same period.</li>
<li>LKQ Corp's stock is down 13% year to date, it gained almost 5% over the past week. </li>
<li>Shares of PDD Holdings have added nearly 9% over the past month.</li>
</ul>
Now Read: 
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<li><a href="https://www.benzinga.com/news/24/08/40509090/august-services-growth-exceeds-expectations-as-manufacturing-slumps-inflation-gradually-eases-to-nor">August Services Growth Exceeds Expectations As Manufacturing Slumps: Inflation Gradually Eases &#8216;To Normal Levels&#8217;</a></li>
</ul>
Image: Shutterstock

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These twelve large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Edwards Lifesciences Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) shares plummeted 28.05%  after the company reported worse-than-expected Q2 sales results and issued Q3 guidance below estimates. The company also acquired JenaValve and Endotronix. Several analysts <a href="https://www.benzinga.com//node/39966446" target="_blank" rel="noreferrer noopener">slashed their price forecast</a>.</li>
<li>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) shares dived 19.12% <a href="https://www.benzinga.com//node/39943178" target="_blank" rel="noreferrer noopener">following a Q2 EPS miss</a>. Several analysts <a href="https://www.benzinga.com//node/39963727" target="_blank" rel="noreferrer noopener">lowered their price target</a>.</li>
<li>STMicroelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) shares declined 17.60% after the company reported a Q2 EPS miss <a href="https://www.benzinga.com//node/39955407" target="_blank" rel="noreferrer noopener">and issued soft Q3 guidance</a>.</li>
<li>Teradyne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) stock decreased <a href="https://www.benzinga.com//node/39944365" target="_blank" rel="noreferrer noopener">16.25% following soft Q3 guidance</a>.</li>
<li>Mobileye Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) stock fell 14.61% last week.</li>
<li>Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) stock lost 13.07% last week after the company reported worse-than-expected <a href="https://www.benzinga.com//node/39959183" target="_blank" rel="noreferrer noopener">first-half earnings</a>.</li>
<li>Vertiv Holdings, LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) stock fell 12.04% <a href="https://www.benzinga.com//node/39938457" target="_blank" rel="noreferrer noopener">following Q2 earnings</a>.</li>
<li>Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock declined 11.68% amid a broader selloff in semiconductor stocks.</li>
<li>West Pharmaceutical Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>) shares declined 11.37% after the company reported a <a href="https://www.benzinga.com//node/39952104" target="_blank" rel="noreferrer noopener">Q2 earnings miss and cut its guidance</a>.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) shares were down 11.26% amid a broader tech selloff.</li>
<li>United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) lost 10.96% value in the last week following Q2 earnings miss and <a href="https://www.benzinga.com//node/39903596" target="_blank" rel="noreferrer noopener">cutting annual outlook</a>.</li>
<li>LKQ Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) shares fell 10.89% after the company reported worse-than-expected Q2 earnings and <a href="https://www.benzinga.com//node/39961765" target="_blank" rel="noreferrer noopener">lowered its annual adjusted EPS outlook</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/40001614/universal-health-services-lockheed-martin-were-among-top-11-large-cap-stocks-that-shined-the-brighte" target="_blank" rel="noreferrer noopener">Universal Health Services &amp; Lockheed Martin Were Among Top 11 Large Cap Stocks That Shined The Brightest Last Week (July 21-July 27): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Shutterstock

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Ford, Stellantis And Dell Are Among Top 12 Large Cap Losers Last Week (July 21-July 27): Are The Others In Your Portfolio?

Baird analyst Craig Kennison maintains LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) with a Outperform and lowers the price target from $54 to $50.

Baird Maintains Outperform on LKQ, Lowers Price Target to $50

Here's the major earnings before the open tomorrow

LKQ Non-GAAP EPS of $0.88 in-line, revenue of $3.6B misses by $50M

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LKQ Corporation (LKQ) Q3 2024 Earnings Call Transcript

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J.P. Morgan analyst Ryan Brinkman maintained a Buy rating on LKQ (LKQ – Research Report) yesterday and set a price target of $50.00. The company's ...

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Craig Kennison, an analyst from Robert W. Baird, maintained the Buy rating on LKQ (LKQ – Research Report). The associated price target remains the ...

LKQ Corporation: Strong Buy Recommendation Based on Financial Metrics, Strategic Direction, and Growth Opportunities

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Contracts

Press Releases

LKQ and Verdi Reach New Two-Year Collective Bargaining Agreement in Germany

LKQ Corporation to Release Second Quarter 2024 Results on Thursday, July 25, 2024

Management

LKQ Corporation Appoints Andrew Clarke to Board of Directors

LKQ Corporation Announces Results for Second Quarter 2024

LKQ Corporation to Host Investor Day on September 10, 2024

LKQ Corporation Outlines 'Charting Our Future' Strategy to Deliver Shareholder Value at 2024 Investor Day

LKQ Corporation to Release Third Quarter 2024 Results on Thursday, October 24, 2024

LKQ Corporation Announces $1 Billion Increase to its Stock Repurchase Program

LKQ Corporation Announces Results for Third Quarter 2024

LKQ Subsidiary Keystone Automotive Operations Named 2024 Channel Partner of the Year by Specialty Equipment Market Association

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