BUZZ-LKQ rises after cost cutting helps beat Q4 profit estimates
ReutersFeb 20, 2025 12:50 PM
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
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