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Stock Market & Financial Investment News

News Breaks
July 10, 2014
07:49 EDTLKQLKQ Corp. acquisition of Unipart would be good fit, says William Blair
Following British media reports that said LKQ Corp.'s U.K. division, Euro Car Parts, was among the potential bidders for Unipart Automotive, William Blair said it views such a deal, should it happen, as a good fit. Buying Unipart would not be significant to LKQ's total revenue, but the firm believes it would be slightly accretive to earnings and present scale benefits and cross-selling opportunities in the U.K. William Blair maintains its Outperform rating on LKQ Corp.
News For LKQ From The Last 14 Days
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March 4, 2015
10:01 EDTLKQOn The Fly: Analyst Downgrade Summary
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08:53 EDTLKQLKQ Corp. downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill downgraded LKQ Corp. to Neutral following weaker than expected Q4 results and guidance and said the company faces operating challenges that include FX headwinds, lower scrap values, and pricing pressures. Price target lowered to $28 from $39.
February 26, 2015
11:08 EDTLKQLKQ Corp. drops sharply on earnings, outlook, levels to watch
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09:25 EDTLKQOn The Fly: Pre-market Movers
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07:15 EDTLKQLKQ Corp. appoints Dominick Zarcone as CFO
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07:14 EDTLKQLKQ Corp. sees FY15 EPS $1.36-$1.46, consensus $1.61
Sees FY15 organic revenue growth for parts & services 6.5%-9.0%. Referring to the FY15 EPS guidance CEO Robert Wagman commented, "The declines we saw in the foreign currency rates in the fourth quarter of 2014 have continued into the first quarter of 2015 with the British Pound, Euro, and Canadian Dollar all weakening compared to the U.S. Dollar. During that same period we have also seen the markets for scrap steel, copper and other commodities trend lower. We estimate that these headwinds will negatively impact 2015 EPS approximately 4c per share due to weaker foreign currencies and an additional 6c per share related to lower commodity prices compared to 2014."
07:12 EDTLKQLKQ Corp. reports Q4 EPS 26c, consensus 32c
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