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LKQ Corp (NASDAQ:LKQ), a $10.8 billion auto parts company with a strong financial health rating according to InvestingPro, saw Director Dominick P. Zarcone recently sell 10,000 shares of the company’s common stock, according to a recent SEC filing. The shares were sold at a weighted average price of $41.66, resulting in a total transaction value of approximately $416,599. Following this transaction, Zarcone holds 359,462.03 shares directly. Additionally, an indirect holding of 1,600 shares is attributed to his wife. The sale price of the shares ranged from $40.90 to $42.47. The stock, which trades at a P/E ratio of 15.4, currently sits below its InvestingPro Fair Value, with analysts maintaining a bullish consensus and setting price targets up to $60. Discover more insights and detailed insider trading analysis with a subscription to InvestingPro’s comprehensive research reports.
In other recent news, LKQ Corporation reported its fourth-quarter 2024 earnings, revealing an adjusted diluted EPS of $0.80, surpassing analyst expectations of $0.75. Despite this earnings beat, the company experienced a revenue shortfall, reporting $3.36 billion compared to the forecasted $3.43 billion. The earnings release highlighted LKQ’s ongoing commitment to strategic initiatives, such as expanding its electric vehicle parts offerings and SKU rationalization efforts in Europe. Additionally, the company has projected organic parts and services revenue growth of 0-2% for 2025, with adjusted diluted EPS guidance ranging between $3.40 and $3.70. LKQ’s performance in the European segment was noteworthy, as it achieved a record fourth-quarter EBITDA margin of 10.1%, marking the third consecutive quarter of double-digit margins. Analyst firms, including Moody’s and Fitch, have reiterated a stable and positive outlook for the company in 2024. Furthermore, LKQ has been actively involved in strategic divestitures, selling five businesses in Europe with minimal profit margins. The company also continues to focus on operational efficiency, integrating FinishMaster in North America and reducing overhead expenses.
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