Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
CHICAGO - LKQ Corporation (NASDAQ:LKQ) reported fourth quarter earnings that beat analyst expectations, sending shares up 2.23% in pre-market trading on Thursday.
The auto parts distributor posted adjusted earnings per share of $0.80, exceeding the consensus estimate of $0.75. Revenue came in at $3.36 billion, slightly below expectations of $3.43 billion.
For the fourth quarter, LKQ’s organic revenue for parts and services decreased 3.6% YoY. The company’s Europe segment achieved a record fourth quarter EBITDA margin of 10.1%.
"The LKQ team focused on our core strengths to manage difficult market conditions in 2024 and position the Company for greater success in the future," said Justin Jude, President and CEO. "I am proud of the team’s strong finish."
Looking ahead, LKQ forecast full-year 2025 adjusted EPS of $3.40-$3.70, in line with the $3.60 analyst consensus. The company expects organic revenue growth for parts and services of 0% to 2% in 2025.
LKQ also announced it exceeded its commitment to return 50% of free cash flow to shareholders in 2024, returning over 80% through $360 million in share repurchases and $318 million in cash dividends.
The company’s board declared a quarterly cash dividend of $0.30 per share, payable on March 27 to stockholders of record on March 13.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.