LKQ Corporation Announces Results for Second Quarter 2024
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LKQ Corp. (LKQ) PT Lowered to $50 at Baird
July 26, 2024 6:24 AM EDTBaird analyst Craig R. Kennison lowered the price target on LKQ Corp. (NASDAQ: LKQ) to $50.00 (from $54.00) while maintaining a Outperform rating.
The analyst comments "September analyst event offers reset opportunity. LKQ missed expectations and lowered guidance, further frustrating shareholders looking for dependable performance.... More
LKQ Corp. (LKQ) PT Lowered to $54 at JPMorgan
July 26, 2024 4:49 AM EDTJPMorgan analyst Ryan Brinkman lowered the price target on LKQ Corp. (NASDAQ: LKQ) to $54.00 (from $63.00) while maintaining a Overweight rating.
The analyst comments "LKQ shares fell -12.4% Thursday vs. the S&P 500 -0.5% after the company reported softer 2Q results, driven by lower revenue partly offset by cost savings, resulting in a -8% EPS miss vs. JPMe and -5% vs. consensus (i.e., EPS of $0.98 vs. JPMe $1.07 and Bloomberg consensus $1.03). Revenue in 2Q was $3,711 mn, lower than JPMe of $3,843 mn and consensus of $3,866 mn (see Table 1). Adjusted EBITDA of $484 mn was... More
