Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?LKQ Corporation (NASDAQ: LKQX) is
the largest nationwide provider of aftermarket collision replacement products, recycled original equipment products and refurbished replacement products used to repair light vehicles. The company operates approximately 300 facilities, offering its customers such components and systems as engines, front end assemblies, doors, transmissions, bumper assemblies, wheels, head and tail lamp assemblies, mirrors, fenders and axles. Clients include repair shops and insurance firms, including extended warranty companies.
LKQ pleased investors last week, when it reported Q4 EPS of 15 cents and revenues of $414.7 million. Analysts had been expecting 11 cents and $392.9 million. Management also guided FY08 EPS to 73-77 cents (66 cent consensus). RBC Capital Markets and Barrington Research subsequently reiterated "outperform" ratings on the stock and declared price targets in the $24-$27 range.
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