LKQ Corp Q3 Sales Total $3.50B Up 1.3%, Q4 Revenue Forecast Falls 3.1%
LKQ missed Q3 revenue estimates by 0.9% with $3.50B in sales, up 1.3% year-on-year, while its full-year EBITDA guidance fell short of projections. Analysts forecast Q4 revenue of $3.20B, a 3.1% decline, and $0.65 in adjusted earnings per share.
1. Q3 Results Overview
In the latest quarter, LKQ reported $3.50 billion in revenue, marking a 1.3% year-on-year increase but missing analysts’ revenue estimates by 0.9%. The company beat organic revenue projections yet issued full-year EBITDA guidance that fell significantly below prior expectations.
2. Q4 Forecast and Analyst Estimates
Analysts covering LKQ expect Q4 revenue of $3.20 billion, a 3.1% decline from the prior year’s period, and adjusted earnings of $0.65 per share. Estimates have remained largely unchanged over the past 30 days, indicating confidence in the forecasted performance.
3. Peer Comparison and Valuation Context
Peers in the specialized consumer services segment have shown mixed results: 1-800-FLOWERS saw a 9.5% revenue drop and its stock rose 6.9%, while Matthews posted a 29.1% decline, beating estimates by 0.8% with no share movement. Sector share prices have been flat over the last month, matching LKQ’s stable stock performance, and analysts’ average price target stands at $41.19 versus the current $32.46 share price.