LKQ (LKQ) Stock

LKQ (LKQ) might be an excellent option for investors interested in stocks that have shown strong growth lately but are still priced fairly. It is one of the stocks that passed our 'Fast-Paced Momentum at a Bargain' filter.

At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the most recent trends in value, growth, and momentum to support our top selections.

LKQ Corporation is dealing with challenges like high insurance costs and falling used car prices, but careful spending and managing costs help maintain good cash flow and returns for shareholders. The company is now concentrating on improving operations and returning capital to investors instead of making new acquisitions, which is a strategy that investors appreciate and could lead to significant gains as market conditions stabilize. LKQ's valuation looks promising, with a potential increase of 24.5%-29.7% based on financial analyses that use cautious estimates.

ANTIOCH, Tenn., Nov. 11, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) announced that its subsidiary, Keystone Automotive Operations, was honored with the Channel Partner of the Year Award at the 2024 Specialty Equipment Market Association (SEMA) Show in Las Vegas, a key event for the automotive specialty equipment industry. Additionally, Warn Industries, part of Keystone Automotive Operations, received the Off-Road/4-Wheel Drive Product Award in the Best New Products category.

LKQ Corporation (NASDAQ:LKQ) will hold its Q3 2024 Earnings Conference Call on October 24, 2024, at 8:00 AM ET. The call will feature company representatives including Joe Boutross, Justin Jude, and Rick Galloway, along with various conference call participants from different financial firms. The operator, Lydia, welcomed everyone to the call.

The financial results for LKQ (LKQ) provide an overview of the company's performance for the quarter ending in September 2024. It may be helpful to examine how its important metrics stack up against Wall Street predictions and figures from the same period last year.

LKQ (LKQ) reported quarterly earnings of $0.88 per share, which is higher than the Zacks Consensus Estimate of $0.87 per share. This is an increase compared to earnings of $0.86 per share from the same period last year.

ANTIOCH, Tenn., Oct. 24, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) has announced its financial results for the third quarter of 2024. The company experienced lower overall volumes, highlighting the need to implement its strategic changes discussed during the investor day in September. Despite these challenges, LKQ's team showed resilience, achieving growth in adjusted diluted earnings per share and overall Segment EBITDA margin compared to last year, and remains optimistic about long-term earnings potential despite current market difficulties.

ANTIOCH, Tenn., Oct. 24, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) has announced that its Board of Directors has approved a $1 billion increase and a one-year extension to its stock buyback program, bringing the total authorization to $4.5 billion and allowing repurchases until October 25, 2026. Since starting the program in late October 2018, the company has bought back around 62 million shares of its common stock for a total of $2.7 billion as of September 30, 2024.