LKQ: Reiterate Buy Rating On Positive Growth Outlook And Margin Expansion Potential [Seeking Alpha]
LKQ Corporation (LKQ)
Last lkq corporation earnings: 4/30 06:00 am
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US:NASDAQ Investor Relations:
investor.lkqcorp.com/investor-relations/overview/default.aspx
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Source: Seeking Alpha
Strong performance in North America and Europe and opportunities for consolidation and procurement efficiencies. I maintain my buy rating on LKQ due to a combination of positive growth outlook and potential for margin expansion. Summary Readers may find my previous coverage via this link . My previous rating was a buy as I expected LKQ Corporation ( NASDAQ: LKQ ) fundamentals to continue improving, taking a view that 3Q23 headline results were not indicative of any weakness. My view turned out to be right, as the share price rallied from the lows of ~$40 in November 2023 to ~$50 today. I am reiterating my buy rating for LKQ as I think there is still upside from this price level. With the strong performance seen in NA and Europe, I remain positive about the growth outlook of the business. Additionally, I see potential for margins to expand past previous peak margins as LKQ consolidates its distribution channels and enhances procurement efficiencies. Financials / Valuation 4Q
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LKQ
News
- LKQ Corporation: FY 2024 Adjusted Net Income Guidance Is Achievable [Seeking Alpha]Seeking Alpha
- LKQ Co. (NASDAQ: LKQ) had its price target lowered by analysts at Robert W. Baird from $58.00 to $54.00. They now have an "outperform" rating on the stock.MarketBeat
- LKQ Q1 Earnings Miss Estimates, Decline Y/Y, Guidance Revised [Yahoo! Finance]Yahoo! Finance
- LKQ Co. (NASDAQ: LKQ) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $65.00 price target on the stock.MarketBeat
- CART and SES among Consumer Discretionary movers [Seeking Alpha]Seeking Alpha
LKQ
Earnings
- 4/23/24 - Miss
LKQ
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/19/24 - Form 8-K
- LKQ's page on the SEC website