We recently published Double-Digit Disaster: 10 Big Names Fall Off the Cliff. LKQ Corporation is one of the worst-performing stocks on Thursday.
LKQ Corporation saw its share prices fall by 17.82 percent on Thursday to end at $31.73 apiece as investor sentiment was dampened by its lowering of growth outlook for the rest of the year amid tariff uncertainties.
In a statement following its earnings results, LKQ Corporation said it now expects organic revenues to drop between 1.5 and 3.5 percent for the full year, as compared with a flat to 2 percent growth guidance previously.
Diluted EPS was also lowered to a range of $2.47 to $2.77 versus $2.91 to $3.21 previously.
In the second quarter of the year, LKQ Corporation profit $192 million, higher by 3.8 percent than the $185 million in the same period last year.
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Revenues also decreased by 1.9 percent to $3.64 billion from $3.7 billion year-on-year.
According to the company, its board of directors has approved a quarterly cash dividend of $0.30 per common share to shareholders as of August 14. The dividends are payable on August 28, 2025.
