SSS were -3.4%, which was worse than Consensus and our ‑2%. Adjusted EPS of $1.43 ($1.30 GAAP) beat Consensus of $1.21 and our $1.16. Taxes and deferred inventory initiatives helped $0.18 by our estimates (Exhibit 7). Shares are +19% higher on the day.
Search Coverage List, Models & Reports
Search Results1-10 out of 154
We are initiating on LKQ shares with an Outperform rating and a $45 Calendar Year 2018 Price Target. LKQ is a diversified and complex auto parts distributor for which we see at least twenty Cyclical, Secular, and Company specific drivers that will result in continued Sales, Margin, and Stock price growth.
We are initiating on Copart, Inc. (CPRT) with a Peer Perform rating and a $38 CY 2018 Fair Value. CPRT is an incredible operator, but with US industry volumes already at record levels and the company embarking upon a potentially lucrative, but still uncertain international growth trajectory, we prefer to wait for a better entry point.
This AM (11/2/2017), AN reported Q3 ‘17 results. Revenue of $5.43B missed Consensus of $5.58B and our estimate of $5.51B. EPS of $1.00 beat Consensus of $0.84 and our $0.77. New & used SS units both beat our estimates, while SS $GP/Used unit was down less than we had expected. The company also bought back ~9% of outstanding shares, and announced a service partnership with Waymo. Shares traded up ~15%.
Yesterday (10/31/17), after the market closed, KAR reported Q3 17 results. Total Revenue growth of 6.7% was in-line with Consensus of 6.9% and slightly below our 7.4%. Adj. EPS of $0.57 was above Consensus of $0.51 and our $0.56. Adj. EBITDA of $209.3M beat Consensus of $202.5 and our $206.3M. KAR held its EBITDA guidance but raised its full year Adj. EPS guidance to $2.30-$2.40 (from $2.15-$2.25) as buy-back and discrete tax items helped. Shares were up slightly.
This morning (10/27/17), Ford reported strong Q3 results, beating on both top and bottom lines. Q3 adj. EPS of $0.43 was above consensus of $0.33 and our $0.37. Management tightened up guidance towards the high end of its prior range, moving EPS expectations to $1.75 - $1.85 from $1.65 - $1.85. This compares to FY2017 consensus of $1.74 and our $1.80. Shares were up about 1.5% on the news.
Yesterday (10/25/17), after the market closed, ORLY reported Q3 ‘17 results. SSS of 1.8% were in-line with consensus/Wolfe of 2%. EPS Adj. of $3.20 (ex-SBC change) beat Consensus of $3.15 and our $3.07. However, margin weakness was offset by another massive buy-back bringing YTD buy-back just under $2B. ORLY guided to a Q4 17 comp of 0-2%, keeping full-year comp of 1-2%. Shares were volatile, but finished up ~5.5%.
- 1 of 16
- next →