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LKQ Corporation LKQ delivered adjusted earnings of 79 cents per share for first-quarter 2025, in line with the Zacks Consensus Estimate. However, earnings declined from 82 cents reported in the year-ago period. The aftermarket auto parts distributor registered quarterly revenues of $3.46 billion, missing the Zacks Consensus Estimate of $3.57 billion. The top line also fell from the year-ago level of $3.7 billion. Parts and Services organic revenues decreased 4.3% year over year.
LKQ currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
LKQ Corporation Price, Consensus and EPS Surprise
LKQ Corporation price-consensus-eps-surprise-chart | LKQ Corporation Quote
Segment Highlights
In the reported quarter, revenues from the Wholesale North American segment totaled $1.41 billion, falling 5.8% year over year and lagging our estimate of $1.51 billion. The segment’s EBITDA was $222 million, which was below our forecast of $246 million as well as $244 million generated in the first quarter of 2024.
Revenues from the European segment were $1.52 billion, which fell 7.4% year over year and missed our estimate of $1.55 billion. The segment’s EBITDA came in at $141 million, which was down from the year-ago level of $143 million but marginally topped our forecast of $140 million.
Revenues from the Specialty segment came in at $394 million, which fell 7% year over year but topped our projection of $365 million. The segment’s EBITDA was $21 million, which inched down from the year-ago figure of $27 million and matched our forecast.
Revenues from the Self-Service segment totaled $136 million compared with $137 million in the first quarter of 2024. The metric exceeded our prediction of $124 million. The segment’s EBITDA was $20 million, which surpassed our estimate of $10.2 million and increased from $16 million reported in the year-ago period.
(Find the latest earnings estimates and surprises on Zacks Earnings Calendar.)
Financial Position & Dividend
LKQ had cash and cash equivalents of $227 million as of March 31, 2025, down from $234 million recorded as of Dec. 31, 2024. The long-term obligations (excluding the current portion) amounted to $3.84 billion as of March 31, 2025, down from $4.13 billion recorded as of Dec. 31, 2024. As of March 31, 2025, LKQ’s balance sheet reflected a total debt of $4.4 billion.
In the first quarter of 2025, cash flow from operating activities and FCF were negative $3 million and negative $57 million, respectively.
During the first quarter of 2025, the company repurchased 1 million shares worth $40 million. Since initiating the stock buyback program in late October 2018, it repurchased around 65.5 million shares for a total of $2.8 billion through March 31, 2025.