LKQ Corp

LKQ: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$31.30	Xtjdkh	Gpswvlkw

LKQ Earnings: Short-Term Challenges Are Present, but We’re Still Optimistic on Long-Term Trends

Dawit Woldemariam

Apr 23, 2024

LKQ guided to weaker first-quarter earnings, but the demand environment turned out to be lower than management had expected. This led the company to lower 2024 sales and EPS guidance. Organic revenue growth expectations were reduced to 2.5%-4.5% from 3.5%-5.5% previously. Diluted EPS is now expected to be between $3.32-$3.62 versus $3.43-$3.73 before. Following the earnings update, the market sent LKQ’s shares down approximately 14% in intraday trading.

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