LKQ at five-month high as cost cutting helps beat Q4 profit estimates

LKQ

20/02/2025 16:08

(Updates)
    ** Auto parts distributor LKQ Corp's  LKQ.O  shares rise
5.8% to $41.7 after beating Q4 profit estimates 
    ** Stock hit over-five-month high and posted its largest
one-day percentage increase in two years
    ** Co reported Q4 adjusted earnings of 80 cents per share,
compared with estimates of 74 cents per share, according to data
compiled by LSEG
    ** LKQ has been ramping up its cost-cutting by selling
underperforming assets, including its operations in Poland and
Bosnia, and cutting jobs
    ** Eight of 10 brokerages rate the stock "buy" or higher, 2
"hold"; their median PT is $50 - LSEG
    ** Including session's move, stock had risen 13.4% YTD

 (Reporting by Ragini Mathur in Bengaluru)
 ((Ragini.Mathur@thomsonreuters.com;))