Why LKQ Stock Sputtered This Week
The auto parts specialist posted mixed third quarter results. While it notched a convincing revenue beat, it fell notably short of the consensus analyst profitability estimate.
LKQ Q3 Earnings Miss Estimates, Sales Beat, Guidance Revised
For 2023, LKQ lowered its adjusted EPS guidance to the range of $3.68-$3.82 from the prior guidance of $3.90-$4.10.
LKQ (LKQ) Lags Q3 Earnings Estimates
LKQ (LKQ) came out with quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.97 per share a year ago.
LKQ raises quarterly dividend by 9% to 30 cents a share
Car parts maker LKQ Corp. LKQ, -0.74% said Thursday its board has raised its quarterly dividend by 9% to $30 cents a share. The new dividend is payable Nov. 30 to shareholders of record as of Nov. 16.
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