LKQ Corporation (LKQ) Releases Earnings Results, Beats Expectations By $0.07 EPS

LKQ Corporation (LKQ) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.55 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.48. The company posted revenue of $2450.69 million in the period, compared to analysts expectations of $2413.43 million. The company’s revenue was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

LKQ Corporation closed down -0.52 points or -1.52% at $33.62 with 23,85,611 shares getting traded on Thursday. Post opening the session at $33.8, the shares hit an intraday low of $32.45 and an intraday high of $33.895 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jul 18, 2016, John S Quinn (EVP and Managing Dir., Europe) sold 13,085 shares at $33.11 per share price. According to the SEC, on Jul 14, 2016, Robert L Wagman (President and CEO) sold 200 shares at $34.00 per share price. On May 17, 2016, Victor M Casini (Senior VP and General Counsel) sold 16,000 shares at $32.90 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.

LKQ Corporation

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