On January 2, 2025, Dominick P. Zarcone, a director at LKQ Corp (NASDAQ:LKQ), executed a sale of 5,000 shares of common stock. The shares were sold at a weighted average price of $36.843, generating a total of $184,215. Following this transaction, Zarcone holds 374,462.03 shares directly. Additionally, there are 1,600 shares held indirectly by Zarcone’s wife. The price range for the transaction was between $36.81 and $36.90.The transaction occurs as LKQ trades near its 52-week low of $35.57, with the stock down approximately 20% over the past year. InvestingPro analysis indicates the stock is currently undervalued, supported by solid fundamentals including a healthy current ratio of 1.72 and a P/E ratio of 13.5. According to InvestingPro, there are 6 additional key insights available for LKQ Corp, along with a comprehensive Pro Research Report that provides deep-dive analysis of the company’s financial health and growth prospects.
In other recent news, LKQ Corporation experienced a cyber incident at its Canadian unit, leading to operational disruptions. The company swiftly initiated recovery efforts and engaged with forensic investigators to mitigate the impact. Despite the incident, LKQ Corp does not foresee a significant impact on its financial health or operational results for the fiscal year.
In addition to this, LKQ Corporation faced operational hurdles due to temporary location closures caused by Hurricanes Helene and Milton. Despite these challenges, the company increased its share repurchase program by $1 billion, demonstrating its commitment to shareholder returns. The company’s North American and specialty segments saw a decline in organic revenue, while the European segment performed solidly.
LKQ Corporation also revised its full-year guidance and its Code of Ethics, further enhancing its commitment to sustainability and corporate conduct. The company repurchased 3 million shares for $125 million and plans a $0.30 per share dividend in November. These are among the recent developments impacting LKQ Corporation.
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