Lkq Corporation Stock Intrinsic Value – LKQ Corporation Reports Second Quarter Earnings for FY2023

🌥️Earnings Overview

For the second quarter of fiscal year 2023 ending on June 30, 2023, LKQ CORPORATION ($NASDAQ:LKQ) reported total revenue of USD 3,448.0 million, representing a 3.2% increase over the same period in the previous year. However, net income for this period decreased by 33.1%, amounting to USD 281.0 million.

Stock Price

LKQ CORPORATION, a leading global provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, reported its second quarter of FY2023 financial results on Thursday. The company’s stock opened at $57.6 and closed at $55.2, a decrease of 4.0% from its previous closing price of 57.4. The company’s President and CEO, Dominick Zarcone, commented on the results, saying “We are pleased to report strong second quarter results that were driven by organic growth across both our Aftermarket Parts and Specialty segments. Our strong performance reflects our continued investments in new product offerings, investments in cost reduction initiatives, and our integration strategy.”

LKQ CORPORATION is poised to continue its growth trajectory as it works to expand its product offerings and improve operations through cost-reduction initiatives. By continuing to execute on its strategic plans, the company is sure to be successful in the months ahead. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Lkq Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Lkq Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Lkq Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Lkq Corporation are shown below. More…

Analysis – Lkq Corporation Stock Intrinsic Value

At GoodWhale, we have conducted an in-depth analysis of the fundamentals of LKQ CORPORATION. According to our proprietary Valuation Line, the fair value of LKQ CORPORATION’s share is approximately $70.4. Currently, the share price is trading at $55.2, which means it is undervalued by 21.6%. This is a great opportunity for investors who are looking for a good entry point into the company and can benefit from its potential upside. We believe that LKQ CORPORATION is an attractive long-term investment choice and suggest investors capitalize on this undervalued situation. More…

Peers

LKQ Corp is one of the largest suppliers of aftermarket automotive parts and accessories in North America and Europe. The company has a network of over 60 facilities across the globe and employs over 30,000 people. LKQ competes with Central Automotive Products Ltd, Suzhou Jin Hong Shun Auto Parts Co Ltd, and Free Flow Inc.

– Central Automotive Products Ltd ($TSE:8117)

Central Automotive Products Ltd is a leading manufacturer of automotive components and systems. The company has a market cap of 41.41B as of 2022 and a return on equity of 10.61%. Central Automotive Products Ltd manufactures a wide range of components and systems for the automotive industry, including engine and transmission components, suspension and steering components, and electrical and electronic components. The company has a strong presence in the Chinese automotive market and is expanding its operations globally.

– Suzhou Jin Hong Shun Auto Parts Co Ltd ($SHSE:603922)

As of 2022, Suzhou Jin Hong Shun Auto Parts Co Ltd has a market cap of 3.49B. The company’s ROE for the same year is 1.59%.

Suzhou Jin Hong Shun Auto Parts Co Ltd is a leading manufacturer and supplier of auto parts in China. The company’s products include engine parts, suspension parts, body parts, and electrical parts.

– Free Flow Inc ($OTCPK:FFLO)

Flow Inc is a publicly traded company with a market capitalization of 12.92 million as of 2022. The company has a return on equity of 121.08%. Flow Inc is a provider of water and wastewater services to residential, commercial, and industrial customers in the United States. The company operates through two segments, Water and Wastewater.

Summary

Investors in LKQ Corporation should take note that while the company showed an overall 3.2% increase in revenue for the second quarter of FY2023, ending on June 30, 2023, their net income decreased by 33.1%. This is a significant drop from the same period last year, and caused the stock price to move down on the same day. While these figures are cause for concern, investors should also take into account the company’s overall performance over time before making any final decisions.