LKQ Co. (NASDAQ:LKQ) Receives Consensus Rating of “Buy” from Analysts

Shares of LKQ Co. (NASDAQ:LKQ) have been given an average recommendation of “Buy” by the five analysts that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have covered the stock in the last year is $53.80.

A number of brokerages recently issued reports on LKQ. Stifel Nicolaus lowered their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Robert W. Baird lowered their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Friday, October 25th.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total value of $184,200.00. Following the transaction, the director now directly owns 374,462 shares in the company, valued at $13,795,180.08. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC purchased a new stake in LKQ in the third quarter valued at $25,000. Allworth Financial LP lifted its position in LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after buying an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC lifted its position in LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after buying an additional 289 shares during the last quarter. Private Trust Co. NA boosted its stake in LKQ by 31.2% during the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after buying an additional 299 shares during the period. Finally, Kennebec Savings Bank acquired a new stake in shares of LKQ during the third quarter valued at about $57,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Stock Performance

NASDAQ LKQ opened at $39.02 on Thursday. LKQ has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The firm has a market capitalization of $10.14 billion, a P/E ratio of 14.56 and a beta of 1.30. The stock has a 50-day simple moving average of $37.80 and a two-hundred day simple moving average of $39.38.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. LKQ’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. On average, equities analysts forecast that LKQ will post 3.43 earnings per share for the current year.

LKQ Company Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.