LKQ Reports Solid 2Q Results, Tweaks Guidance; Maintaining $30 Fair Value Estimate
Narrow-moat-rated LKQ, the collision repair parts and service company, reported second-quarter adjusted earnings per share excluding special items and acquired amortized intangibles of $0.55, $0.06 better than the consensus EPS of $0.49 and $0.16 better than the year-ago result. Management adjusted its guidance after completing the acquisitions of Rhiag and Pittsburgh Glass Works, with the organic revenue growth forecast coming down slightly but the absolute level of profitability increasing ver...LKQ is a holding company. Through its subsidiaries, the company provides alternative vehicle collision replacement products and alternative vehicle mechanical replacement products. The company is also a provider of alternative vehicle replacement and maintenance products in the United Kingdom, Germany, the Benelux region (Belgium, Netherlands, and Luxembourg), Italy, Czech Republic, Poland, Slovakia, Austria, and other European countries. In addition to its wholesale operations, the company operates self service retail facilities across the United States that sell recycled automotive products from end-of-life-vehicles. The company is also a distributor of specialty vehicle aftermarket equipment and accessories.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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