For the quarter ended June 2024, LKQ (LKQ) reported revenue of $3.71 billion, up 7.6% over the same period last year. EPS came in at $0.98, compared to $1.09 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $3.87 billion, representing a surprise of -4.06%. The company delivered an EPS surprise of -4.85%, with the consensus EPS estimate being $1.03. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...

LKQ (LKQ) came out with quarterly earnings of $0.98 per share, missing the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $1.09 per share a year ago. These figures are adjusted for nonrecurring items. Over the last four quarters, the company has surpassed consensus EPS estimates just once. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings c ...

Exhibit 99.1 LKQ CORPORATION ANNOUNCES RESULTS FOR SECOND QUARTER 2024 Chicago, IL (July 25, 2024) -- LKQ Corporation (Nasdaq: LKQ) today reported second quarter 2024 financial results. "Our second quarter performance did not meet expectations as lower repairable claims in North America and difficult macroeconomic conditions in Europe led to declines in overall volumes. In light of soft demand, our teams acted with agility and decisiveness to address our cost structure and protect our margins," noted Justin ...

Revenue of $3.7 billion (an 8% increase compared to the same period in 2023) Diluted EPS2 of $0.70; adjusted diluted EPS1,2 of $0.98 Second quarter operating cash flow of $213 million; free cash flow1 of $133 million Repurchased $125 million of LKQ shares Dividend of $0.30 per share approved to be paid in the third quarter of 2024 Annual guidance updated Mr. Jude further stated: "We believe current market headwinds are temporary in nature but expect them to persist for the balance of the year. As we look ah ...

Core Insights - LKQ Corporation reported second quarter 2024 financial results, indicating that performance did not meet expectations due to lower repairable claims in North America and challenging macroeconomic conditions in Europe, leading to overall volume declines [1][7] Financial Performance - Revenue for Q2 2024 was $3.7 billion, a 7.6% increase from $3.4 billion in Q2 2023. Organic revenue for parts and services decreased by 2.1%, while acquisitions and divestitures contributed an 11.8% increase, and foreign exchange rates had a negative impact of 0.6%, resulting in a total parts and services revenue increase of 9.0% [2][12] - Adjusted net income for Q2 2024 was $261 million, down 10.4% from $291 million in Q2 2023. Adjusted diluted earnings per share (EPS) was $0.98, a decrease of 10.1% from $1.09 in the same period last year [13][56] - Operating cash flow for Q2 2024 was $213 million, with free cash flow at $133 million. For the first half of 2024, cash flow from operations was $466 million and free cash flow was $320 million [4][12] Shareholder Returns - The company repurchased approximately 59 million shares for a total of $2.6 billion through June 30, 2024, with $921 million remaining on the authorization [5][15] - A dividend of $0.30 per share was approved to be paid in Q3 2024 [12] Strategic Actions - LKQ entered into agreements to divest operations in Slovenia, Poland, and Bosnia, as these did not align with long-term strategy and financial return objectives [6] Updated Guidance - The company lowered its full-year guidance for 2024, projecting organic revenue growth for parts and services to be between -1.25% and 0.25%, down from a previous range of 2.5% to 4.5%. Diluted EPS guidance was also reduced to $2.71 to $2.91 from $3.32 to $3.62 [7][12]

Mr. Clarke has over 20 years of experience in the transportation industry. Mr. Clarke currently serves on the board of Element Fleet Management, a TSX-listed global leader in the fleet management industry. Mr. Clarke previously served as the Chief Financial Officer of C.H. Robinson, Inc., a NASDAQ-listed corporation and one of the world's largest third-party logistics providers, a position he held from 2015 to 2019. From 2007 to 2013, Mr. Clarke was the Chief Executive Officer of Panther Expedited Services, ...

CHICAGO, July 22, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) ("LKQ" or the "Company") today announced the appointment of Andrew Clarke to the Company's Board of Directors (the "Board") as a new independent director, effective July 22, 2024. With the addition of Mr. Clarke, the LKQ Board will consist of ten members, eight of whom are independent. "I am honored to join the Board of LKQ, an impressive company with unique strengths including marketleading positions and a track record of operational ...

But, for LKQ, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside. Here's Why There Could be Plenty of Upside Left in LKQ However, a tight clustering of price targets, which is represented by a ...

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an incom ...

6381380/iStock via Getty Images The Company LKQ Corporation is the world's largest provider of alternative collision replacement parts, which includes recycled parts and aftermarket parts. Basically, when a car or truck gets in an accident and the vehicle is deemed by the insurance company to be a total loss, LKQ acquires the damaged vehicle, dismantles it, refurbishes the parts as necessary, and sells the parts to repair shops (the customer) for normal repairs. For many such repairs, insurance companies co ...