Recap: LKQ Q2 Earnings

Shares of LKQ LKQ rose 5.7% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 18.46% year over year to $0.53, which beat the estimate of $0.15.

Revenue of $2,626,000,000 declined by 19.15% from the same period last year, which beat the estimate of $2,350,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

LKQ hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 30, 2020

Time: 08:00 AM

ET Webcast URL: https://investor.lkqcorp.com/events-and-presentations/default.aspx

Technicals

52-week high: $36.63

Company's 52-week low was at $13.31

Price action over last quarter: Up 14.39%

Company Overview

LKQ is a leading global distributor of non-OEM automotive parts. Initially formed in 1998 as a consolidator of auto salvage operations in the United States, it has since greatly expanded its scope to include distribution of new mechanical and collision parts, specialty auto equipment, and remanufactured and recycled parts in both Europe and North America. It still maintains its auto salvage business and owns over 75 LKQ pick-your-part junkyards. Separate from the self-service business, LKQ purchases over 300,000 salvage automobiles annually that are used to extract parts for resale. Globally, LKQ maintains approximately 1,700 facilities.