Should Value Investors Buy LKQ (LKQ) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
LKQ Corporation Presents Attractive Risk-Reward As Cycles Normalize
LKQ Corporation faces cyclical headwinds from high insurance premiums and declining used car prices, but prudent capital allocation and cost control ensure strong cash flow and shareholder returns. The company's focus has shifted from acquisitions to operational efficiency and capital return, a strategy favored by investors and likely to yield substantial returns as cycles normalize. LKQ's valuation is attractive, with potential upside of 24.5%-29.7% based on DCF and precedent transaction analyses, supported by conservative assumptions.
LKQ Corporation (LKQ) Q3 2024 Earnings Call Transcript
LKQ Corporation (NASDAQ:LKQ ) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET Company Participants Joe Boutross - VP of IR Justin Jude - President and CEO Rick Galloway - SVP and CFO Conference Call Participants Craig Kennison - Baird Scott Stember - ROTH MKM Brian Butler - Stifel Gary Prestopino - Barrington Research Jash Patwa - JPMorgan Bret Jordan - Jefferies Operator Good morning everyone and welcome to the LKQ Corporation's Third Quarter 2024 Earnings Call. My name is Lydia and I'll be your operator today.
LKQ Surpasses Q3 Earnings Expectations, Trims 2024 Outlook
LKQ reports mixed third-quarter results and expects 2024 operating cash flow to be $1.175 billion, down from the previous outlook of $1.20 billion.
LKQ (LKQ) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for LKQ (LKQ) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
LKQ (LKQ) Q3 Earnings Top Estimates
LKQ (LKQ) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.86 per share a year ago.
Unveiling LKQ (LKQ) Q3 Outlook: Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for LKQ (LKQ), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
LKQ (LKQ) Reports Next Week: Wall Street Expects Earnings Growth
LKQ (LKQ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Buy This Down and Out S&P 500 Dividend Stock
The S&P 500 has performed admirably in 2024, up nearly 22%.
LKQ Falls Short of Q2 Earnings Estimates, Cuts 2024 Guidance
LKQ misses second-quarter earnings and sales estimates. It now expects 2024 adjusted EPS in the range of $3.50-$3.70 for 2024, down from $3.90-$4.20 guided earlier.
Compared to Estimates, LKQ (LKQ) Q2 Earnings: A Look at Key Metrics
The headline numbers for LKQ (LKQ) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
LKQ (LKQ) Lags Q2 Earnings and Revenue Estimates
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.
