LKQ Corporation’s LKQ second-quarter 2017 adjusted earnings from continuing operations of 53 cents per share beat the Zacks Consensus Estimate by a penny. The prior-year quarter bottom line was 52 cents.LKQ Corp registered record revenues of $2.46 billion, up 6.7% year over year. Revenues also surpassed the Zacks Consensus Estimate of $2.41 billion.Business DevelopmentsIn second-quarter 2017, LKQ Corp acquired 7 companies.Also, during the quarter, European operations of LKQ Corp opened one new branch in the U.K. and 12 new branches in Eastern Europe.Financial PositionLKQ Corp had cash and cash equivalent of $303.5 million as of Jun 30, 2017, compared with $227.4 million as of Dec 31, 2016.In the first-half of 2017, LKQ Corp had net cash provided by operating activities of $362.1 million compared with $361.9 million in the first half of fiscal 2016.2017 OutlookFor 2017, LKQ Corp expects organic revenue growth for parts & services in the range of 4–5.25%, revising from prior guidance of 4% to 6%.Adjusted income from continuing operations is expected between $570−$595 million, from the prior expectation of $565−$595 million. Adjusted earnings per share in 2017 are expected to be in the range of $1.84–$1.92, up from the prior expectation of $1.82–$1.92.Zacks Rank and Top PicksLKQ Corp currently carries a Zacks Rank #4 (Sell).Some better-ranked companies in the same space are Allison Transmission Holdings ALSN, Volkswagen AG VLKAY and Daimler AG DDAIF, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Allison Transmission has an expected long-term growth rate of 11%.Volkswagen has expected growth rate of around 17.3% for the long run.Daimler has an expected long-term growth rate of 2.8%.LKQ Corporation Price, Consensus and EPS Surprise LKQ Corporation Price, Consensus and EPS Surprise | LKQ Corporation QuoteMore Stock News: Tech Opportunity Worth $386 Billion in 2017From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Daimler AG (DDAIF): Free Stock Analysis Report Volkswagen AG (VLKAY): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report LKQ Corporation (LKQ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research