LKQ Q4 Topline Misses By A Whisker, Eyes Organic Revenue Growth In Each Of Its Operating Segments



LKQ Corp (NASDAQ:LKQ) reported fourth-quarter fiscal 2023 sales growth of 16.6% year-over-year to $3.50 billion, missing the consensus of $3.51 billion.

Parts and services organic revenue increased by 2.8% (3.4% on a per-day basis).

The gross margin for the quarter contracted 80 basis points Y/Y to 40%. Operating income for the quarter declined 5.5% to $277 million, and the margin contracted by 190 bps to 7.9%.

Adjusted EPS improved …

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