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.

Posted In: EarningsNews

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.