BUZZ-LKQ at five-month high as cost cutting helps beat Q4 profit estimates

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Auto parts distributor LKQ Corp's LKQ.O shares rise 5.8% to $41.7 after beating Q4 profit estimates

Stock hit over-five-month high and posted its largest one-day percentage increase in two years

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

Including session's move, stock had risen 13.4% YTD