Lkq corp CEO Jude Justin buys $100,178 in stock

Published 25/04/2025, 20:52
Lkq corp CEO Jude Justin buys $100,178 in stock

In a recent transaction reported to the Securities and Exchange Commission, Jude Justin L, President and CEO of LKQ Corp (NASDAQ:LKQ), acquired 2,708 shares of the company’s common stock. The purchase, executed on April 25, 2025, was made at an average price of $36.9934 per share, amounting to a total transaction value of $100,178. The timing is notable as the stock has recently experienced an 11% decline over the past week and is trading near its 52-week low, according to InvestingPro data. Following this acquisition, Justin now holds 280,777.424 shares directly. This move reflects an increase in his holdings in the company, as reported in the recent Form 4 filing. With a market capitalization of $9.59 billion and a P/E ratio of 13.8, LKQ currently offers a 3.22% dividend yield. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report, which covers this and 1,400+ other US equities.

In other recent news, LKQ Corporation reported its Q1 2025 earnings, revealing an adjusted earnings per share (EPS) of $0.79, which met analysts’ expectations. However, the company fell short on revenue, reporting $3.5 billion against a forecast of $3.58 billion. Despite the revenue miss, LKQ reaffirmed its full-year EPS guidance of $3.40 to $3.70. The company also projected free cash flow of $750 to $900 million for the year. In terms of strategic moves, LKQ divested two operations, including a self-serve yard in Florida and a European non-core leisure business, as part of its ongoing simplification strategy. Additionally, the company repurchased 1 million shares for $40 million and paid $78 million in dividends during the quarter. Analysts from firms like ROTHMKM and JPMorgan have shown interest in the company’s strategies to handle tariff impacts and maintain market share. Despite challenges, LKQ continues to focus on operational efficiency and strategic initiatives to navigate the current market environment.

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