The reports about LKQ Corporation (LKQ) revealed a mixed performance with several highs and lows for the company in 2024. Despite a reported decline in Q4 earnings, the company experienced an overall increase in revenue for the full year, although net income was down. There was also news of stock sales made by directors Zarcone and McGarvie, with McGarvie scheduled to exit the board in May. However, LKQ has appointed Sue Gove and Michael Powell to the board and there were announcements of record European margins and strategic initiatives in the Q4 Earnings Call. LKQ seems focused on improvements in Europe setting a target of $3.40-$3.70 adjusted EPS for 2025. The company's Q4 Earnings surpassed expectations but there was a year-on-year decline in revenues. Nevertheless, the corporation announced a $1 billion increase to its stock repurchase program and certain headquarters relocation to Antioch. A cyberattack disrupted one of their Canadian business units. Activist additions to the board resulted in gains for LKQ Corp.
Lkq Corporation LKQ News Analytics from Tue, 23 Apr 2024 07:00:00 GMT to Sat, 22 Feb 2025 12:52:56 GMT - Rating 4 - Innovation 6 - Information 7 - Rumor -5
