LKQ Corporation (LKQ) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.42 EPS for the quarter. Analysts had a consensus estimate of $0.42. The company posted revenue of $1921.50 million in the period, compared to analysts expectations of $1907.68 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.
Many Wall Street Analysts have commented on LKQ Corporation. Company shares were Reiterated by Sterne Agee CRT on Apr 12, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $38 .Sterne Agee CRT Initiated LKQ Corporation on Mar 2, 2016 to “Buy”, Price Target of the shares are set at $38.
LKQ Corporation opened for trading at $33.94 and hit $34.26 on the upside on Wednesday, eventually ending the session at $34.16, with a gain of 0.62% or 0.21 points. The heightened volatility saw the trading volume jump to 21,69,407 shares. Company has a market cap of $10,460 M.
In a different news, on Mar 17, 2016, Victor M Casini (Senior VP and General Counsel) sold 8,000 shares at $30.50 per share price. According to the SEC, on Mar 1, 2016, Robert A Alberico (Senior VP of Human Resources) sold 1,070 shares at $27.49 per share price. On Nov 4, 2015, Dominick P Zarcone (CFO) purchased 5,000 shares at $29.78 per share price, according to the Form-4 filing with the securities and exchange commission.
LKQ Corporation is a distributor of vehicle products including replacement parts components and systems used in the repair and maintenance of vehicles as well as specialty vehicle products and accessories. The company distributes a variety of products to collision and mechanical repair shops including aftermarket collision and mechanical products recycled collision and mechanical products refurbished collision products such as wheels bumper covers and lights and remanufactured engines. It is a provider of alternative vehicle collision replacement products and alternative vehicle mechanical replacement products with its sales processing and distribution facilities reaching markets in the United States and Canada. It also provides alternative vehicle replacement and maintenance products in the United Kingdom and the Benelux region of continental Europe. The Company is organized into four segments: Wholesale – North America; Wholesale – Europe; Self Service and Specialty.