Principal Securities Inc. and
Panagora Asset Management Inc. have taken significant positions in
LKQ Co., whilst
Teacher Retirement System of Texas has reduced its shares in the company. The
Federal Appeals Court ruled in favor of LKQ against GM in a design patent case, a significant victory. However, the company's stocks have reportedly underperformed the market lately on certain days. LKQ has announced results for
Q1 2024, with the earnings missing EPS estimates due to market challenges. Despite this, their fundamentals look strong and it is speculated the market could be wrong about the stock. LKQ has undertaken leadership appointments and intends to pay a dividend. They have announced the pricing of
€750,000,000 Senior Notes, and made a significant move by selling
Elit Polska in Poland to
MEKO AB. Reports show solid organic growth amidst macroeconomic challenges in Q4 and full year 2023. On a negative trend, LKQ's stock fell over 13% after Q1 earnings. A leadership succession plan is in place and insiders have sold shares in the company. Despite these challenges,
LKQ remains an auto parts stock with a potential for massive return.
Lkq Corporation LKQ News Analytics from Tue, 01 Aug 2023 07:00:00 GMT to Thu, 23 May 2024 20:59:17 GMT -
Rating 4
- Innovation 5
- Information 7
- Rumor -5
