Revenue Update on LKQ Corporation(NASDAQ:LKQ)

LKQ Corporation(NASDAQ:LKQ) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $2.45B. Analysts estimated a revenue of $2.43B. Earnings per share were $0.55. Analysts had estimated an EPS of $0.48.

LKQ Corporation (LKQ) shares turned negative on Thursdays trading session with the shares closing down -0.19 points or -0.55% at a volume of 23,52,852. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $35.08. The peak price level was also seen at $35.08 while the days lowest was $34.59. Finally the shares closed at $34.67. The 52-week high of the shares is $35.08 while the 52-week low is $23.95. According to the latest information available, the market cap of the company is $10,633 M.

Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, John S Quinn (EVP and Managing Dir., Europe) sold 13,085 shares at $33.11 per share price.Also, On Jul 14, 2016, Robert L Wagman (President and CEO) sold 200 shares at $34.00 per share price.On May 17, 2016, Victor M Casini (Senior VP and General Counsel) sold 16,000 shares at $32.90 per share price, according to the Form-4 filing with the securities and exchange commission.

LKQ Corporation is a distributor of vehicle products including replacement parts components and systems used in the repair and maintenance of vehicles as well as specialty vehicle products and accessories. The company distributes a variety of products to collision and mechanical repair shops including aftermarket collision and mechanical products recycled collision and mechanical products refurbished collision products such as wheels bumper covers and lights and remanufactured engines. It is a provider of alternative vehicle collision replacement products and alternative vehicle mechanical replacement products with its sales processing and distribution facilities reaching markets in the United States and Canada. It also provides alternative vehicle replacement and maintenance products in the United Kingdom and the Benelux region of continental Europe. The Company is organized into four segments: Wholesale – North America; Wholesale – Europe; Self Service and Specialty.

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