LKQ Corp. shares rise on strong full-year guidance
CHICAGO—LKQ Corp., a supplier of used automotive parts, on Thursday issued a strong full-year guidance, predicting revenue growth from both acquisitions and its longtime businesses.
LKQ shares rose $3.11, or 14 percent, to $24.87 in premarket trading.
LKQ said it expects to post 2008 profit of $106 million to $111 million, or 75 cents to 79 cents per share, while analysts polled by Thomson Financial expect a profit of 76 cents per share.
LKQ said it expects revenue growth, excluding the benefit 2007 and 2008 business acquisitions, of about 10 percent.
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