LKQ rises after cost cutting helps beat Q4 profit estimates

LKQ

20/02/2025 12:50

** Auto parts distributor LKQ Corp's  LKQ.O  shares rise
2.8% to $40.5 premarket after beating Q4 profit estimates 
    ** Stock set to open at a near-five-month high
    ** 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
    ** Up to Wednesday's close, stock had risen 7.2% YTD

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