|Day's Range||4.3700 - 4.3700|
The stock market battled as Trump delayed the tariff increases, and the European Central Bank cut interest rates for the first time since 2016.
CHICAGO, Sept. 12, 2019 -- LKQ Corporation (Nasdaq:LKQ) today issued the following statement in response to the Schedule 13D filed today by ValueAct Capital: LKQ welcomes.
Activist investor ValueAct Capital has taken a 5.2% stake in LKQ Corp. , the auto parts company, according to a Securities and Exchange Commission filing.
LKQ Corporation (LKQ) today announced it has divested its recycled aviation parts business, AeroVision International, effective August 18, 2019. Dominick Zarcone, President and Chief Executive Officer of LKQ Corporation, stated, "The evaluation and rationalization of our asset base is a core strategic pillar for our Company. As part of this ongoing process, and after thorough consideration, we determined that AeroVision didn’t align with our long-term strategy and objectives.
CHICAGO, Aug. 16, 2019 -- LKQ Corporation (Nasdaq: LKQ) will host a conference call and webcast before the market opens on Tuesday, September 10, 2019 at 8:00 a.m. Eastern Time.
Arnd Franz joined LKQ in April of this year after spending most of his career at the MAHLE Group where most recently he was Corporate Executive Vice President and Member of the Management Board. As Executive Vice President, Arnd had responsibility for MAHLE’S global automotive sales and application engineering, including the aftermarket business unit. From 2006 until 2013, he was Executive Vice President and General Manager for MAHLE Aftermarket.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of LKQ Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
U.S. auto sales are witnessing a slowdown and the overall U.S. new-vehicle sales are expected to decline this year. This is likely to affect the to-be-reported quarter's results.
LKQ (LKQ) delivered earnings and revenue surprises of 1.56% and -1.47%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Revenue growth of 7% to $3.25 billionParts and services organic revenue declined 2.1%; (1.3% on a per day basis)Non-cash impairment charge of $25 million, net of tax, related to.
U.S. auto sales are witnessing a slowdown and overall domestic new-vehicle sales are expected to decline this year. This is likely to have adverse impact on Q2 results.
LKQ (LKQ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.