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LKQ Corp (LKQ)
NASDAQ:LKQ
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.75Last Year’s EPS
$0.84Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -1.62%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance for LKQ in Q3 2024, with significant steps forward in capital allocation and operational efficiency. However, these positive aspects were offset by revenue declines and external disruptions, leading to a cautious outlook for the remainder of the year.Company Guidance
During the third quarter 2024 earnings call for LKQ Corporation, the company provided guidance on its financial performance and strategic initiatives amidst challenging economic conditions. LKQ reported a decline in organic parts and services revenue, with North America experiencing a 7.5% decrease on a per-day basis and Europe showing flat revenue. The company highlighted its commitment to returning value to shareholders by repurchasing 3 million shares worth approximately $125 million and increasing the share repurchase program authorization by $1 billion. Despite facing headwinds, including hurricanes and macroeconomic pressures, LKQ maintained its free cash flow target of approximately $850 million for the year and adjusted its earnings per share guidance to a range of $3.38 to $3.52. The company's efforts to streamline operations included divesting from loss-making businesses and rationalizing its portfolio, aiming for long-term improvements in segment EBITDA margins across its divisions.Share Repurchase Program Expansion
LKQ repurchased 3 million shares for approximately $125 million during Q3. The Board approved an increase in the authorization amount by an additional $1 billion, extending through October 2026.
Improved Segment EBITDA Margins
Adjusted diluted earnings per share increased by 2% compared to Q3 last year, and the segment EBITDA margin improved by 30 basis points year-over-year.
Successful Divestitures
LKQ completed the sale of its Poland operation and finalized the sale of its Bosnia business, focusing on simplifying its portfolio and eliminating loss-making operations.
Strong Europe Performance
Europe posted double-digit EBITDA margins for the second straight quarter despite challenging economic conditions, with a 90 basis point improvement over last year.
Free Cash Flow Generation
LKQ produced $341 million in free cash flow during the quarter, bringing the year-to-date total to $661 million.
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LKQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LKQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $37.49 | $37.38 | -0.29% |
| Jul 25, 2024 | $43.80 | $38.35 | -12.44% |
| Apr 23, 2024 | $47.85 | $40.73 | -14.88% |
| Feb 22, 2024 | $48.93 | $50.43 | +3.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does LKQ Corp (LKQ) report earnings?
LKQ Corp (LKQ) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is LKQ Corp (LKQ) earnings time?
LKQ Corp (LKQ) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LKQ EPS forecast?
LKQ EPS forecast for the fiscal quarter 2024 (Q4) is $0.75.
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