LKQ Corporation, a significant player in the auto-parts industry, has had a mixed bag of developments over the past year. The company reported financial results for
Q4 2024 and full-year 2024, with net income experiencing a decline but still beating estimates.
Revenue has seen both quarterly decreases and full-year increases, catching the attention of analysts, some of whom maintain a
buy rating with a target price of $47. Amid these outcomes, the company appointed
new board members and endured a cybersecurity incident affecting its Canadian business unit.
Stock activity has also been dynamic, with various entities such as Victory Capital Management Inc. and Atria Investments Inc. increasing their holdings, while others like Candriam S.C.A. and QRG Capital Management Inc. selling off their shares. Additionally, insiders, including director Zarcone, sold off significant portions of their shares in the company. LKQ's refinish division announced a
new private-label line, signaling continued focus on product offerings despite the financial challenges. The company's 'Charting Our Future' Strategy indicates a clear vision to deliver shareholder value, notwithstanding some analysts' views that it is range-bound in terms of valuation.
Lkq Corporation LKQ News Analytics from Tue, 23 Apr 2024 07:00:00 GMT to Sat, 08 Mar 2025 10:18:09 GMT -
Rating 1
- Innovation -2
- Information 5
- Rumor -3
