ANTIOCH, Tenn., Aug. 06, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (NASDAQ:LKQ) today announced that the Company will host an Investor Day at its headquarters in Antioch, Tennessee on Tuesday, September 10, 2024. The presentations, including question and answer sessions, will begin at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) and conclude at approximately 1:00 p.m. Eastern Time (12:00 p.m. Central Time). The Investor Day will feature presentations by Justin Jude, the Company's President and Chief Exec ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________________ ____________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 001-42002 ____________________________ LKQ CORPORATION (Exact name of registrant as ...

LKQ Corporation (NASDAQ:LKQ) Q2 2024 Earnings Conference Call July 25, 2024 8:00 AM ET Company Participants Joe Boutross - Vice President of Investor Relations Justin Jude - President & Chief Executive Officer Rick Galloway - Senior Vice President & Chief Financial Officer Conference Call Participants Scott Stember - ROTH MKM Craig Kennison - Baird Gary Prestopino - Barrington Research Bret Jordan - Jefferies Brian Butler - Stifel John Healy - Northcoast Research Operator Good morning everyone. Welcome to L ...

Segment Highlights Revenues from the Self-Service segment totaled $133 million, down 21.3% year over year. The metric also missed our prediction of $146.3 million. The segment's EBITDA was $13 million, which lagged our estimate of $28.7 million but increased from $7 million reported in the year-ago period. On Jul 23, 2024, LKQ announced a quarterly cash dividend of 30 cents per share. The dividend will be paid out on Aug 29, 2024, to stockholders of record at the close of business on Aug 15, 2024. LKQ curre ...

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 ...

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 ...

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 ...