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

The 10-second takeaway
For the quarter ended June 30 (Q2), LKQ beat slightly on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share increased significantly.

Gross margins contracted, operating margins grew, net margins improved.

Revenue details
LKQ notched revenue of $1.01 billion. The 10 analysts polled by S&P Capital IQ anticipated sales of $992.3 million on the same basis. GAAP reported sales were 32% higher than the prior-year quarter's $759.7 million.

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 $0.41. The nine earnings estimates compiled by S&P Capital IQ averaged $0.42 per share. GAAP EPS of $0.43 for Q2 were 34% higher than the prior-year quarter's $0.32 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 41.9%, 50 basis points worse than the prior-year quarter. Operating margin was 11.0%, 40 basis points better than the prior-year quarter. Net margin was 6.4%, 30 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $991.0 million. On the bottom line, the average EPS estimate is $0.44.

Next year's average estimate for revenue is $4.03 billion. The average EPS estimate is $1.85.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 363 members out of 382 rating the stock outperform, and 19 members rating it underperform. Among 87 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give LKQ a green thumbs-up, and four 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 $38.30.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend LKQ. 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.