Q1 2020 LKQ Corp Earnings Call
First quarter 2020 revenue of $3.0 billion (down 3.2% year-over-year)Parts and services organic revenue declined 3.5% (4.7% on a per day basis)Net income1 attributable to LKQ.
Unfortunately for some shareholders, the LKQ (NASDAQ:LKQ) share price has dived 49% in the last thirty days. That drop...
Activist firm releases portfolio. Top buys include auto part manufacturer and British oil company Continue reading...
CHICAGO, Feb. 28, 2020 -- LKQ Corporation (Nasdaq: LKQ) today announced that it has closed its previously announced agreement to sell its equity interests in two Czech.
Today I will examine LKQ Corporation's (NasdaqGS:LKQ) latest earnings update (31 December 2019) and compare these...
LKQ (LKQ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
LKQ Corporation (LKQ) will release its first quarter 2020 financial results before the market opens on Thursday, April 30, 2020. LKQ will host a conference call and webcast on April 30, 2020 at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) with members of senior management to discuss the Company's results. The investor conference call will require you to enter conference ID: 4098245#.
Q4 2019 LKQ Corp Earnings Call
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published this article and predicted that US stocks will go down by at least 20% in the next 3-6 months. We also told you to short the market ETFs and buy long-term bonds. Investors who agreed with […]
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Upbeat car sales data paves the way for auto parts stocks to move higher. Here are three trading ideas to consider.
LKQ (LKQ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
As you might know, LKQ Corporation (NASDAQ:LKQ) recently reported its annual numbers. LKQ reported in line with...
These stocks had the most net buys from gurus during the quarter Continue reading...
LKQ (LKQ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
LKQ Corporation (LKQ) today announced that due to continued public health precautions regarding in-person gatherings given the coronavirus (COVID-19) outbreak and to support the health and well-being of stockholders and company personnel, the format of the 2020 Annual Meeting of Stockholders has been changed to a virtual-only meeting through an audio webcast. Stockholders will not be able to attend the Annual Meeting in person. As described in the proxy materials for the 2020 Annual Meeting previously distributed, stockholders as of the close of business on March 16, 2020, the record date, are entitled to participate in and vote at the 2020 Annual Meeting.
13D FILINGS These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities.
Rating Action: Moody's places ratings of 25 US auto and commercial vehicle parts suppliers, and certain logistics providers under review for downgrade. Global Credit Research- 26 Mar 2020. New York, March ...
JPMorgan lowered stock price targets for General Motors Co. , Ford Motor Co. and Tesla Inc. on Thursday, as the car companies were forced to cut production in the midst of the outbreak of the coronavirus that causes COVID-19. Analyst Ryan Brinkman noted that IHS Automotive materially lowered its expectations for global light vehicle production for the first quarter this week to -16.6% from -10.8% prior, and for the full year to -4.8% from -1.9%. JPMorgan is assuming the actual decline will be even worst given that production cuts have been announced since the IHS report was released. In a note to clients, Brinkman said distributor LKQ Corp. is best positioned, given it serves after markets, along with tire makers. "Automakers and suppliers, by contrast, are worse positioned, given the cyclical and discretionary nature of vehicle purchases, and given the rapidity of the decline in production which implies higher than typical decremental margins (ordinarily ~30% for automakers and ~20-25% for suppliers)," the analyst wrote. "Rental cars service providers could be worst positioned because of the precipitous decline in leisure and business travel. While there exist at the moment multiple tempting bargains across the automotive sector after one of the fastest market pullbacks in history, given the number of unknowns - including the duration of social distancing, etc. - we generally prefer higher quality companies, often with lower leverage, within subsectors (e.g., GM > Ford amongst automakers, Cooper Tire CTB > Goodyear Tire GT amongst tires, and Avis Budget CAR > Hertz HTZ amongst rentals)." Brinkman lowered his Ford stock price target to $7 from $9, lowered GM to $30 from $46 and lowered Tesla to $240 from $260. All three were lower premarket.