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NASDAQ:LKQ
LKQ Corporation Stock Earnings Reports
$41.66
+0.380 (+0.92%)
At Close: Mar 14, 2025
LKQ Earnings Calls
Q4 2024
Beat
$0.80 (5.26%)
| Release date | Feb 20, 2025 |
| EPS estimate | $0.760 |
| EPS actual | $0.80 |
| EPS Surprise | 5.26% |
| Revenue estimate | 3.648B |
| Revenue actual | 3.357B |
| Revenue Surprise | -7.98% |
Q3 2024
Missed
$0.88 (-1.12%)
| Release date | Oct 24, 2024 |
| EPS estimate | $0.89 |
| EPS actual | $0.88 |
| EPS Surprise | -1.12% |
| Revenue estimate | 3.425B |
| Revenue actual | 3.584B |
| Revenue Surprise | 4.64% |
Q2 2024
Missed
$0.98 (-4.85%)
| Release date | Jul 25, 2024 |
| EPS estimate | $1.03 |
| EPS actual | $0.98 |
| EPS Surprise | -4.85% |
| Revenue estimate | 3.866B |
| Revenue actual | 3.711B |
| Revenue Surprise | -4.01% |
Q1 2024
Missed
$0.82 (-13.32%)
| Release date | Apr 23, 2024 |
| EPS estimate | $0.95 |
| EPS actual | $0.82 |
| EPS Surprise | -13.32% |
| Revenue estimate | 3.757B |
| Revenue actual | 3.703B |
| Revenue Surprise | -1.43% |
Last 4 Quarters for LKQ
Below you can see how LKQ performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Missed
| Release date | Apr 23, 2024 |
| Fiscal end date | Mar 31, 2024 |
| Price on release | $41.65 |
| EPS estimate | $0.95 |
| EPS actual | $0.82 |
| EPS surprise | -13.32% |
| Date | Price |
|---|---|
| Apr 17, 2024 | $47.91 |
| Apr 18, 2024 | $48.58 |
| Apr 19, 2024 | $49.12 |
| Apr 22, 2024 | $48.93 |
| Apr 23, 2024 | $41.65 |
| Apr 24, 2024 | $43.28 |
| Apr 25, 2024 | $42.92 |
| Apr 26, 2024 | $43.64 |
| Apr 29, 2024 | $43.76 |
| 4 days before | -13.07% |
| 4 days after | 5.07% |
| On release day | 3.91% |
| Change in period | -8.66% |
Q2 2024
Missed
| Release date | Jul 25, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $38.95 |
| EPS estimate | $1.03 |
| EPS actual | $0.98 |
| EPS surprise | -4.85% |
| Date | Price |
|---|---|
| Jul 19, 2024 | $45.09 |
| Jul 22, 2024 | $45.12 |
| Jul 23, 2024 | $45.40 |
| Jul 24, 2024 | $44.48 |
| Jul 25, 2024 | $38.95 |
| Jul 26, 2024 | $40.18 |
| Jul 29, 2024 | $40.16 |
| Jul 30, 2024 | $40.85 |
| Jul 31, 2024 | $41.50 |
| 4 days before | -13.62% |
| 4 days after | 6.55% |
| On release day | 3.16% |
| Change in period | -7.96% |
Q3 2024
Missed
| Release date | Oct 24, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $37.67 |
| EPS estimate | $0.89 |
| EPS actual | $0.88 |
| EPS surprise | -1.12% |
| Date | Price |
|---|---|
| Oct 18, 2024 | $39.31 |
| Oct 21, 2024 | $38.88 |
| Oct 22, 2024 | $37.48 |
| Oct 23, 2024 | $37.78 |
| Oct 24, 2024 | $37.67 |
| Oct 25, 2024 | $37.55 |
| Oct 28, 2024 | $37.76 |
| Oct 29, 2024 | $37.37 |
| Oct 30, 2024 | $37.31 |
| 4 days before | -4.17% |
| 4 days after | -0.96% |
| On release day | -0.319% |
| Change in period | -5.09% |
Q4 2024
Beat
| Release date | Feb 20, 2025 |
| Fiscal end date | Dec 31, 2024 |
| Price on release | $41.75 |
| EPS estimate | $0.760 |
| EPS actual | $0.80 |
| EPS surprise | 5.26% |
| Date | Price |
|---|---|
| Feb 13, 2025 | $38.60 |
| Feb 14, 2025 | $39.11 |
| Feb 18, 2025 | $39.51 |
| Feb 19, 2025 | $39.40 |
| Feb 20, 2025 | $41.75 |
| Feb 21, 2025 | $40.49 |
| Feb 24, 2025 | $41.25 |
| Feb 25, 2025 | $41.54 |
| Feb 26, 2025 | $41.76 |
| 4 days before | 8.16% |
| 4 days after | 0.0240% |
| On release day | -3.02% |
| Change in period | 8.19% |
LKQ Earnings Call Transcript Summary of Q4 2024
Focus
Focus remains on making decisions that benefit the company, employees, communities, and shareholders.
Financial Performance
- Q4 Results: Despite challenges, Q4 performance exceeded expectations, with strong results in Europe contributing significantly.
- Earnings:
- Adjusted diluted EPS for the year was $3.48, down $0.35 compared to 2023.
- Q4 diluted EPS was $0.60, with an adjusted EPS of $0.80.
- Shareholder Returns: The company returned $678 million to shareholders through share repurchases ($360 million) and dividends ($318 million).
Segment Performance
- North America: Revenue declined by 8.5%, primarily due to reduced collision parts revenue. Positive trends are anticipated in 2025 due to weather changes and rising auto insurance costs.
- Europe: Organic revenue saw minimal decline. The European segment performed well with a record EBITDA margin of 10.1% in Q4, driven by simplification efforts and improved efficiency.
- Specialty Segment: Organic revenue decreased by 7.3% but showed sequential improvement. The RV market is expected to grow, potentially aiding revenue recovery.
Strategic Initiatives
- SKU Rationalization: Ongoing project expected to enhance vendor terms while maintaining revenue. The goal is to streamline inventory without significant revenue loss.
- Mega-Yard Expansion: New mega-yards will improve operational capacity and efficiency. This includes completed expansion in Florida and additional sites in Illinois and Washington expected to open in 2026.
- Cost Structure Adjustments: Actions taken to streamline operations and focus on high-margin opportunities amid inflationary pressures.
Future Guidance
- 2025 Outlook: Anticipated organic revenue growth between 0-2%. Adjusted diluted EPS is projected in the range of $3.40 to $3.70.
- Free Cash Flow: Expected to be between $750 million and $900 million, with over 50% allocated towards returning value to shareholders.
Risk and Tariff Monitoring
- Monitoring the impact of tariffs and potential changes in the administration's policies, particularly those affecting imports from Mexico, Canada, and China.
- Given that North America sources less than 5% of its products from these regions, potential tariffs may provide a competitive advantage against local peers.
Conclusion
LKQ is positioning itself for stability and growth despite current macroeconomic challenges, focusing on shareholder returns, operational efficiency, and strategic expansions. The combination of strong leadership, ongoing simplification of the supply chain, and anticipated positive market trends provides a cautiously optimistic outlook for investors moving into 2025.
LKQ Earnings History
Earnings Calendar
FAQ
When is the earnings report for LKQ?
LKQ Corporation (LKQ) has scheduled its earnings report for Apr 22, 2025 before the markets open.
What is the LKQ price-to-earnings (P/E) ratio?
LKQ P/E ratio as of Mar 14, 2025 (TTM) is 15.77.
What is the LKQ EPS forecast?
The forecasted EPS (Earnings Per Share) for LKQ Corporation (LKQ) for the first fiscal quarter 2025 is $0.81.
What are LKQ Corporation's retained earnings?
On its balance sheet, LKQ Corporation reported retained earnings of $3.36 billion for the latest quarter ending Dec 31, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
