Latest news with #autoParts
Yahoo
07-07-2025
- Automotive
- Yahoo
LKQ Corporation's Quarterly Earnings Preview: What You Need to Know
Valued at a market cap of around $10 billion, LKQ Corporation (LKQ) is a leading global supplier of alternative aftermarket, remanufactured, and recycled auto parts. Founded in 1998, the Tennessee-based company has grown through 200+ acquisitions and now operates in North America, Europe, and Taiwan, serving repair shops, dealerships and retail customers. LKQ is expected to announce its fiscal 2025 Q2 earnings results before the market opens on Thursday, July 24. Ahead of this event, analysts expect LKQ to report a profit of $0.93 per share, down 5.1% from $0.98 per share in the year-ago quarter. The company has met or surpassed Wall Street's earnings estimates in three of the last four quarters while missing on another occasion. Chevron Stock's 4.6% Dividend Yield and 1.67% One Month Short Put Yield Make CVX a Buy Tariff Dealine, Fed Minutes and Other Key Thing to Watch this Week SoFi Stock Is Betting on Crypto Again. How Should You Play SOFI Stock Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! For the current year, analysts expect LKQ to report an EPS of $3.54, up 1.7% from $3.48 in fiscal 2024. Shares of LKQ have declined 6.9% over the past 52 weeks, lagging behind both the S&P 500 Index's ($SPX) 13.4% surge and the Consumer Discretionary Select Sector SPDR Fund's (XLY) 17.8% return over the period. On Apr. 24, LKQ released its Q1 2025 earnings, and its shares dropped 11.6%. It reported revenue of $3.5 billion, down 6.5% year-over-year. Adjusted net income fell 3.7% to $0.79 per share. Despite macroeconomic headwinds, the company reaffirmed its full-year adjusted EPS of $3.40-$3.70, focusing on operational efficiency and shareholder returns. On the bright side, analysts' consensus view on LKQ Corporation's stock is highly bullish, with a "Strong Buy" rating overall. Among seven analysts covering the stock, five recommend "Strong Buy," one suggests "Moderate Buy," and one indicates 'Hold.' Its mean price target of $53 indicates a premium of 37% from the prevailing market prices. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
06-07-2025
- Business
- Yahoo
Trump's Big Beautiful Bill poses risks for Indian exporters
-- Indian exporters of auto parts and solar panels could face renewed pressure from Donald Trump's 'Big Beautiful Bill,' even as the legislation may boost Indian IT services. 'The phase of policy volatility continues, and yet again, we have the US initiating something with global ramifications,' analysts at Bernstein say on the bill and the upcoming expiry of a pause on reciprocal tariffs. The legislation includes tax cuts expected to widen the US fiscal deficit by more than $3 trillion over a decade. The U.S. House on Wednesday narrowly approved a wide-ranging tax and spending bill. Proposals to keep import duties elevated which are still under discussion, would amount to a further $1.5tn –$2 trillion in de facto tariffs, leaving limited room to scale back existing trade barriers. While the bill could spur US consumption, capital expenditure, and digital modernisation, areas where Indian tech firms stand to gain, it also introduces headwinds for manufacturing exports. The removal of incentives for electric vehicles and the bill's emphasis on petrol-powered cars could weigh heavily on Indian auto component makers. Solar equipment exports, which have recently strengthened, may also be at risk. Another problem is Section 899, which could classify India as a 'Discriminatory Foreign Country,' potentially triggering higher US taxes on Indian IT and pharmaceutical companies operating there. A proposed cut in the remittance tax to 1 per cent would have a limited impact, reducing annual outflows from the US to India by just $110mn, compared with the $38bn total. 'The downside is significant, and the oceans murky,' Bernstein said, adding that the eventual impact will depend on the final shape of tariff provisions and any potential bilateral trade deal. Related articles Trump's Big Beautiful Bill poses risks for Indian exporters Street Calls of the Week Jefferies survey of U.S. Amazon shoppers reveals key behavioral trends Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
01-07-2025
- Automotive
- Reuters
Indian auto parts maker Hero Motors files for up to $140 million IPO
July 1 (Reuters) - Indian auto parts maker Hero Motors has filed for an initial public offering of up to 12 billion rupees ($140.1 million), draft papers showed on Tuesday. The company will issue fresh shares worth up to 8 billion rupees while its existing shareholders will sell shares worth up to 4 billion rupees, the draft prospectus showed. Hero Motors, which counts BMW ( opens new tab and Ducati as its clients, is led by Pankaj Munjal, who belongs to the Munjal family that runs India's largest two-wheeler maker by volumes, Hero MotoCorp ( opens new tab. Proceeds from the IPO will be used to trim debt and fund purchase of equipment to expand its facility in India's Uttar Pradesh state, Hero Motors said. Its full fiscal year 2024 net profit fell 67% on-year, as increased expenses overshadowed a near-1% rise in revenue. ICICI Securities, JM Financial and DAM Capital are the book running lead managers of the offering. ($1 = 85.6600 Indian rupees)
Reuters
30-06-2025
- Automotive
- Reuters
Apollo Global-backed Tenneco Clean Air files for up to $350 million India IPO
June 30 (Reuters) - Apollo Global Management (APO.N), opens new tab-backed auto-parts maker Tenneco Clean Air India has filed for an initial public offering worth up to 30 billion rupees (about $350 million), draft papers filed with the market regulator showed on Monday. Shareholder Tenneco Mauritius Holdings, an affiliate of Apollo-owned U.S.-based auto parts supplier Tenneco Inc, is selling a stake worth 30 billion rupees. Tenneco Clean Air is not issuing fresh shares in the offering and will not receive any proceeds, according to the filing. Tenneco Clean Air, which makes catalytic converters, suspension and powertrain components, is the latest company to tap India's capital market amid a resurgence in IPO activity. India's blue-chip Nifty 50 index (.NSEI), opens new tab has risen more than 17% from a one-year low hit in April, and is now just 2.3% shy of a record high it hit last September. The company reported a profit of 5.52 billion rupees in fiscal year 2025, up from 4.17 billion rupees a year earlier. Its revenue fell about 11% to 48.9 billion rupees in the fiscal year. JM Financial, Citi, Axis Capital and HSBC are the issue's bookrunning lead managers. ($1 = 85.7830 Indian rupees)
Yahoo
28-06-2025
- Automotive
- Yahoo
This Stock Is Up 55,000% Since Its IPO: Here's 1 Reason It Could Still Be a Smart Buy
O'Reilly Automotive is one of the top retailers in the auto parts space, where it benefits from durable tailwinds that support steady demand. Same-store sales increased by 2.9% in 2024, continuing an impressive 32-year growth streak. Management has continued to aggressively repurchase shares despite the stock's rising valuation. 10 stocks we like better than O'Reilly Automotive › History may not always repeat, but the past can serve as a guide. For investors, looking at previous market winners might help us identify stocks that could outperform from here. In that vein, consider a leading niche retailer that usually flies under the radar. As of this writing, this retailer's stock is up by more than 55,000% since its initial public offering in April 1993. In just the last five years, it's up by 213%. Yet even after those monster gains, there's one reason why it could still be a smart buy. The modern world is constantly being reshaped by the forces of cutting-edge technology -- cloud computing, AI, digital payments, and e-commerce to name just a few. And those technologies are providing serious tailwinds to many of the businesses connected to them. O'Reilly Automotive's (NASDAQ: ORLY) business doesn't fall into any of these high-tech buckets. However, one understated tailwind will continue to benefit this aftermarket auto parts retailer. A recent report released by S&P Global showed that the average age of vehicles on the road in the U.S. is now 12.8 years. This figure has climbed for eight straight years. While that secular trend may not be as exciting as the others mentioned, it will be a reliable boon for O'Reilly. It sells various products, including motor oil, air filters, brake pads, floor mats, and batteries, among many other things, to both do-it-yourselfers and professional mechanics. Aftermarket is the key thing investors should remember -- these are products that aren't usually made by the original car manufacturers. Consumers shop at O'Reilly to extend the lives of their vehicles. The greater the mileage is on a car, the more upkeep it will require. Natural wear and tear isn't hard to understand. But most car warranties expire after three to five years, after which whatever goes wrong is strictly the owner's problem. As cars stay on the road for more years and more miles, demand gets stronger for the stuff that O'Reilly sells. The macroeconomic environment is also helping the retailer. With interest rates on auto loans at some of their highest levels in the past decade and other material and labor costs up as well, buying a car is less affordable. This incentivizes people to spend money on repairing the vehicles they already own. These trends have shown up in O'Reilly's financial performance. In 2024, the company reported a same-store sales increase of 2.9%. That was its 32nd straight year of growth, which is unheard of for any retailer. This demonstrates the company's ability to thrive regardless of economic conditions. There's a lot to like about this company. Steady demand that propels revenue and earnings higher is undoubtedly one reason that O'Reilly should be on your investing radar. Management has also aggressively used its free cash flow to buy back stock. In the past five years, O'Reilly has reduced its outstanding share count by 24%. However, the valuation isn't cheap, and that's my main concern. Its current price-to-earnings ratio of 32.8 is 36% higher than its trailing 10-year average, so I'm waiting for this multiple to come down before I even consider adding O'Reilly to my portfolio. But given the company's impressive track record, other investors might have a different view. Before you buy stock in O'Reilly Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and O'Reilly Automotive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends S&P Global. The Motley Fool has a disclosure policy. This Stock Is Up 55,000% Since Its IPO: Here's 1 Reason It Could Still Be a Smart Buy was originally published by The Motley Fool
