LKQ Corporation Stock Sinks 11% Following Q1 Revenue Decline

(RTTNews) - LKQ Corporation (LKQ) shares dropped 10.66 percent to $37.18, down $4.49 during Thursday's trading, after reporting a year-over-year decline in first-quarter revenue. The company posted revenue of $3.46 billion, down from $3.70 billion a year ago.

The stock opened at $40.52 and has moved between $37.28 and $41.10 so far today, down from the previous close of $42.13 on the Nasdaq. Volume has reached 1.77 million shares, below the average of 2.68 million.

LKQ is trading near its 52-week low of $35.56, well off its high of $46.64.

Net income rose slightly to $169 million from $158 million, improving profit margin from 4.3 percent to 4.9 percent.