LKQ Revises FY24 Outlook: Sees Organic Revenue Decline For Parts And Services Of (2.75%)-(1.75%), Compared To Prior View Of (1.25%)-0.25%
Portfolio Pulse from Nabaparna Bhattacharya
LKQ Corporation has revised its fiscal year 2024 outlook, now expecting an organic revenue decline for parts and services between 2.75% and 1.75%, compared to the previous forecast of a decline between 1.25% and a slight increase of 0.25%.
October 24, 2024 | 10:29 am
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LKQ Corporation has adjusted its FY24 outlook, predicting a larger decline in organic revenue for parts and services than previously expected.
The revision of LKQ's FY24 outlook to a larger decline in organic revenue for parts and services suggests potential challenges in market demand or operational issues. This negative adjustment is likely to impact investor sentiment and could lead to a short-term decrease in stock price.
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