It's always difficult to predict exactly how certain specialized sectors of the economy will respond to changing conditions. For auto parts maker LKQ (NASDAQ: LKQ), an international scope to its business has caused some downward pressure on growth, because economic conditions in Europe have been challenging for quite a while. In response, LKQ has worked to try to make its operations more efficient to squeeze more profit from its revenue.
Coming into Thursday's second-quarter financial report, LKQ investors hoped that the auto parts company would be able to deliver solid if modest levels of growth. LKQ's bottom-line performance was better than many had expected, but weaker sales led the company to cut back on its guidance for the full 2019 year.
Image source: LKQ.
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