Subtext

LKQ Corporation LKQ

SectorConsumer Discretionary
Transcripts37
Date range2016-04-28 – 2025-04-24
Calls charted37

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-16-8+0+8+162016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1 · Overall: +5.42016 Q2 · Overall: +5.42016 Q3 · Overall: +0.32016 Q4 · Overall: -2.12017 Q1 · Overall: +10.62017 Q2 · Overall: +1.72017 Q3 · Overall: +3.92017 Q4 · Overall: +9.62018 Q1 · Overall: +0.12018 Q2 · Overall: +5.62018 Q3 · Overall: +9.52018 Q4 · Overall: +7.72019 Q1 · Overall: +2.02019 Q2 · Overall: +1.12019 Q3 · Overall: +8.02019 Q4 · Overall: +12.32020 Q1 · Overall: -3.42020 Q2 · Overall: +1.32020 Q3 · Overall: +10.22020 Q4 · Overall: +8.52021 Q1 · Overall: +13.32021 Q2 · Overall: +11.72021 Q3 · Overall: +9.62021 Q4 · Overall: +10.72022 Q1 · Overall: +7.72022 Q2 · Overall: +2.02022 Q3 · Overall: +2.62022 Q4 · Overall: +3.22023 Q1 · Overall: +6.92023 Q2 · Overall: +4.72023 Q3 · Overall: +4.22023 Q4 · Overall: +13.52024 Q1 · Overall: +2.72024 Q2 · Overall: -5.72024 Q3 · Overall: -5.72024 Q4 · Overall: +6.12025 Q1 · Overall: +1.1
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-31-15+0+15+312016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q3 · CEO: +0.32016 Q4 · CEO: +3.12017 Q2 · CEO: +3.32017 Q3 · CEO: +6.72017 Q4 · CEO: +13.12018 Q1 · CEO: +1.22018 Q2 · CEO: +8.52018 Q3 · CEO: +15.02018 Q4 · CEO: +14.62019 Q1 · CEO: +5.32019 Q2 · CEO: +0.32019 Q3 · CEO: +11.92019 Q4 · CEO: +11.82020 Q1 · CEO: -9.42020 Q2 · CEO: +0.52020 Q3 · CEO: +5.92020 Q4 · CEO: +13.42021 Q1 · CEO: +10.42021 Q2 · CEO: +7.42021 Q3 · CEO: +9.22021 Q4 · CEO: +8.32022 Q1 · CEO: +8.12022 Q2 · CEO: -1.92022 Q3 · CEO: +5.42022 Q4 · CEO: +1.32023 Q1 · CEO: +6.52023 Q2 · CEO: +8.12023 Q3 · CEO: +2.52023 Q4 · CEO: +7.22024 Q1 · CEO: +12.42024 Q2 · CEO: -1.02024 Q3 · CEO: -6.02024 Q4 · CEO: +6.02025 Q1 · CEO: +2.62017 Q3 · CFO: +13.12017 Q4 · CFO: +10.72018 Q1 · CFO: +1.22018 Q2 · CFO: +5.62018 Q3 · CFO: +10.12018 Q4 · CFO: +5.62019 Q1 · CFO: +7.72019 Q2 · CFO: +2.72019 Q3 · CFO: +6.52019 Q4 · CFO: +16.42020 Q1 · CFO: +4.82020 Q2 · CFO: +2.92020 Q3 · CFO: +21.82020 Q4 · CFO: +7.52021 Q1 · CFO: +26.72021 Q2 · CFO: +15.62021 Q3 · CFO: +13.92021 Q4 · CFO: +13.12022 Q1 · CFO: +6.62022 Q2 · CFO: +9.72022 Q3 · CFO: -1.22022 Q4 · CFO: +9.02023 Q1 · CFO: +9.42023 Q2 · CFO: +2.82023 Q3 · CFO: +9.22023 Q4 · CFO: +15.52024 Q1 · CFO: +2.72024 Q2 · CFO: -4.02024 Q3 · CFO: -7.82024 Q4 · CFO: +10.32025 Q1 · CFO: -0.6
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-24-12+0+12+242016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1 · Prepared remarks: +3.12016 Q2 · Prepared remarks: +4.52016 Q3 · Prepared remarks: +2.82016 Q4 · Prepared remarks: -1.62017 Q1 · Prepared remarks: +10.22017 Q2 · Prepared remarks: +1.62017 Q3 · Prepared remarks: +3.72017 Q4 · Prepared remarks: +11.22018 Q1 · Prepared remarks: +3.32018 Q2 · Prepared remarks: +4.72018 Q3 · Prepared remarks: +12.62018 Q4 · Prepared remarks: +6.82019 Q1 · Prepared remarks: -1.92019 Q2 · Prepared remarks: +1.02019 Q3 · Prepared remarks: +8.82019 Q4 · Prepared remarks: +10.32020 Q1 · Prepared remarks: -8.02020 Q2 · Prepared remarks: +1.12020 Q3 · Prepared remarks: +13.72020 Q4 · Prepared remarks: +9.12021 Q1 · Prepared remarks: +19.82021 Q2 · Prepared remarks: +16.22021 Q3 · Prepared remarks: +13.22021 Q4 · Prepared remarks: +9.62022 Q1 · Prepared remarks: +4.62022 Q2 · Prepared remarks: +4.12022 Q3 · Prepared remarks: +5.42022 Q4 · Prepared remarks: +5.72023 Q1 · Prepared remarks: +5.92023 Q2 · Prepared remarks: +4.32023 Q3 · Prepared remarks: +3.92023 Q4 · Prepared remarks: +15.52024 Q1 · Prepared remarks: +3.92024 Q2 · Prepared remarks: +0.72024 Q3 · Prepared remarks: -6.22024 Q4 · Prepared remarks: +11.62025 Q1 · Prepared remarks: +0.02016 Q1 · Q&A responses: +11.32016 Q2 · Q&A responses: +12.32016 Q3 · Q&A responses: +3.62016 Q4 · Q&A responses: -2.72017 Q1 · Q&A responses: +12.72017 Q2 · Q&A responses: +2.92017 Q3 · Q&A responses: +10.12017 Q4 · Q&A responses: +11.42018 Q1 · Q&A responses: -0.32018 Q2 · Q&A responses: +10.72018 Q3 · Q&A responses: +12.42018 Q4 · Q&A responses: +14.72019 Q1 · Q&A responses: +11.62019 Q3 · Q&A responses: +10.32019 Q4 · Q&A responses: +20.82020 Q1 · Q&A responses: +8.22020 Q2 · Q&A responses: +3.42020 Q3 · Q&A responses: +10.42020 Q4 · Q&A responses: +12.72021 Q1 · Q&A responses: +9.42021 Q2 · Q&A responses: +7.72021 Q3 · Q&A responses: +8.62021 Q4 · Q&A responses: +11.42022 Q1 · Q&A responses: +11.42022 Q2 · Q&A responses: +1.32022 Q3 · Q&A responses: +2.92022 Q4 · Q&A responses: +0.02023 Q1 · Q&A responses: +10.52023 Q2 · Q&A responses: +9.72023 Q3 · Q&A responses: +7.12023 Q4 · Q&A responses: +13.02024 Q1 · Q&A responses: +7.22024 Q2 · Q&A responses: -6.12024 Q3 · Q&A responses: -4.82024 Q4 · Q&A responses: +1.82025 Q1 · Q&A responses: +3.8
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.46$2.98$4.502016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1: $1.672016 Q2: $1.952016 Q3: $2.022016 Q4: $2.062017 Q1: $1.922017 Q2: $1.992017 Q3: $2.062017 Q4: $2.122018 Q1: $2.402018 Q2: $2.452018 Q3: $2.542018 Q4: $2.522019 Q1: $2.482019 Q2: $2.522019 Q3: $2.512019 Q4: $2.562020 Q1: $2.602020 Q2: $1.952020 Q3: $2.402020 Q4: $2.742021 Q1: $2.852021 Q2: $3.252021 Q3: $3.742021 Q4: $3.992022 Q1: $4.042022 Q2: $4.122022 Q3: $4.192022 Q4: $4.132023 Q1: $4.142023 Q2: $4.202023 Q3: $4.292023 Q4: $4.152024 Q1: $4.142024 Q2: $4.142024 Q3: $3.81

Forward P/E

5.0812.5019.922016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1: 18.422016 Q2: 16.682016 Q3: 17.542016 Q4: 15.732017 Q1: 15.742017 Q2: 16.342017 Q3: 17.252017 Q4: 18.902018 Q1: 16.262018 Q2: 13.392018 Q3: 12.792018 Q4: 9.652019 Q1: 11.052019 Q2: 10.522019 Q3: 12.732019 Q4: 14.192020 Q1: 6.102020 Q2: 13.832020 Q3: 13.202020 Q4: 13.552021 Q1: 15.332021 Q2: 14.962021 Q3: 14.082021 Q4: 14.252022 Q1: 11.662022 Q2: 11.822022 Q3: 11.832022 Q4: 13.032023 Q1: 12.882023 Q2: 12.982023 Q3: 11.582023 Q4: 11.092024 Q1: 12.522024 Q2: 9.912024 Q3: 10.69

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2016 Q3 tone ↓ -5.1 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↓ -2.5 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q1 tone ↑ +12.7 fwd EPS ↓ -0.14 Tone rose while the forward EPS estimate was cut.
  • 2017 Q2 tone ↓ -8.9 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -9.5 fwd EPS ↑ +0.28 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -15.7 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +4.7 fwd EPS ↓ -0.66 Tone rose while the forward EPS estimate was cut.
  • 2021 Q3 tone ↓ -2.1 fwd EPS ↑ +0.49 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -3.0 fwd EPS ↑ +0.04 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -5.7 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q2 tone ↓ -2.3 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↑ +9.3 fwd EPS ↓ -0.14 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-24+1.1——View →
2024 Q42025-02-20+6.1——View →
2024 Q32024-10-24-5.7$3.8110.7View →
2024 Q22024-07-25-5.7$4.149.9View →
2024 Q12024-04-23+2.7$4.1412.5View →
2023 Q42024-02-22+13.5$4.1511.1View →
2023 Q32023-10-26+4.2$4.2911.6View →
2023 Q22023-07-27+4.7$4.2013.0View →