LKQ (Nasdaq: LKQX) reported earnings on April 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), LKQ beat expectations on revenues and beat expectations on earnings per share.

Compared with the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded significantly.

Gross margins dropped, operating margins dropped, net margins expanded.

Revenue details
LKQ recorded revenue of $1.03 billion. The nine analysts polled by S&P Capital IQ wanted to see revenue of $1.00 billion on the same basis. GAAP reported sales were 31% higher than the prior-year quarter's $786.6 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.50. The nine earnings estimates compiled by S&P Capital IQ predicted $0.47 per share. GAAP EPS of $0.54 for Q1 were 38% higher than the prior-year quarter's $0.39 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 43.4%, 30 basis points worse than the prior-year quarter. Operating margin was 13.0%, 70 basis points worse than the prior-year quarter. Net margin was 7.8%, 40 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $980.6 million. On the bottom line, the average EPS estimate is $0.43.

Next year's average estimate for revenue is $3.97 billion. The average EPS estimate is $1.82.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 313 members out of 328 rating the stock outperform, and 15 members rating it underperform. Among 86 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give LKQ a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LKQ is outperform, with an average price target of $35.45.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.