LKQNASDAQ: LKQ

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.

LKQ has shared mixed results for the third quarter and now predicts that its operating cash flow for 2024 will be $1.175 billion, which is lower than the earlier estimate of $1.20 billion.

In addition to looking at analysts' predictions for LKQ's overall earnings, it's important to assess forecasts for some of its main metrics. This will help us understand how the company may have performed in the quarter that ended in September 2024.

In 2024, the S&P 500 has done very well, increasing by almost 22%.

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.