LKQ Stock Recent News

LKQ's acquisition of Uni-Select for US$2.1 billion is set to boost its global automotive vehicle parts distribution business, thereby aiding revenues and profits.

LKQ Corp. LKQ, +2.24% announced Monday an agreement to buy Canada-based automotive finish and industrial coatings products company Uni-Select Inc. UNS, +0.32% in a deal valued at $2.1 billion (C$2.8 billion). Under terms of the deal, Chicago-based LKQ will pay C$48.00 in cash for each Uni-Select share outstanding, which represents a 19.2% premium to Friday's closing price of C$40.28.

LKQ's top and bottom lines miss earnings and revenue estimates for the fourth quarter due to lower-than-expected revenues from the Specialty and Self-Service segments.

LKQ (LKQ) delivered earnings and revenue surprises of -7.14% and 0.44%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

CHICAGO, Jan. 10, 2023 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) will release its fourth quarter and full year 2022 financial results on Thursday, February 23, 2023.

LKQ offers its customers quick delivery on a broad range of OEM recycled and non-OEM aftermarket parts, replacement systems, components, equipment, and services to repair vehicles. LKQ has shifted its focus to integrating its businesses and improving its cost structure and will aim to make smaller tuck-in acquisitions as opposed to larger deals.

LKQ's top and bottom lines see a decline year over year. The company raises quarterly dividend by 10% and trims EPS guidance for 2022.

LKQ Corporation (NASDAQ:LKQ ) Q3 2022 Earnings Conference Call October 27, 2022 8:00 AM ET Company Participants Joe Boutross – Vice President-Investor Relations Dominick Zarcone – President and Chief Executive Officer Varun Laroyia – Chief Executive Officer-LKQ Europe Rick Galloway – Senior Vice President and Chief Financial Officer Conference Call Participants Daniel Imbro – Stephens Inc. Michael Hoffman – Stifel Ali Faghri – Guggenheim Partners Craig Kennison – Baird Scott Stember – MKM Partners Bret Jordan – Jefferies Gary Prestopino – Barrington Research Michael Hoffman – Stifel Operator Good morning. My name is Dennis and I will be your conference operator today.

LKQ (LKQ) delivered earnings and revenue surprises of 2.11% and 3.28%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

LKQ Corp. LKQ, -0.87% said Thursday that it raised its quarterly dividend by 10.0%, and boosted its stock repurchase program by $1 billion. The auto parts company's new dividend of 27.5 cents a share, up from 25.0 cents a share will be payable Dec. 1 to shareholders of record on Nov. 17.