GSA Capital Partners LLP Buys New Shares in LKQ Corporation $LKQ

GSA Capital Partners LLP bought a new position in shares of LKQ Corporation (NASDAQ:LKQ) in the second quarter, Holdings Channel reports. The fund bought 22,331 shares of the auto parts company’s stock, valued at approximately $588,000.

Several other hedge funds have also recently added to or reduced their stakes in LKQ. Seizert Capital Partners LLC increased its holdings in shares of LKQ by 30.1% in the fourth quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock valued at $65,797,000 after buying an additional 503,998 shares in the last quarter. Applied Finance Capital Management LLC boosted its stake in shares of LKQ by 11.0% during the 1st quarter. Applied Finance Capital Management LLC now owns 662,216 shares of the auto parts company’s stock worth $19,449,000 after acquiring an additional 65,534 shares in the last quarter. Catalyst Funds Management Pty Ltd bought a new stake in shares of LKQ during the 4th quarter worth $975,000. Handelsbanken Fonder AB grew its holdings in shares of LKQ by 37.8% in the 4th quarter. Handelsbanken Fonder AB now owns 81,600 shares of the auto parts company’s stock worth $2,464,000 after acquiring an additional 22,400 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of LKQ during the fourth quarter worth $3,158,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on LKQ. Stephens reduced their target price on LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Roth Capital set a $35.00 price target on LKQ in a research note on Monday, August 3rd. Zacks Research downgraded LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Weiss Ratings lowered shares of LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of LKQ from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.08.

LKQ Price Performance

LKQ opened at $25.98 on Friday. The firm has a market capitalization of $6.57 billion, a P/E ratio of 14.43 and a beta of 0.84. The stock has a fifty day moving average of $25.42 and a 200-day moving average of $28.26. The company has a quick ratio of 0.61, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. LKQ Corporation has a 12-month low of $21.17 and a 12-month high of $37.13.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.48 billion. LKQ had a net margin of 3.37% and a return on equity of 10.84%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Equities analysts forecast that LKQ Corporation will post 2.67 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.6%. LKQ’s dividend payout ratio (DPR) is presently 66.67%.

About LKQ

LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company supplies a broad range of replacement components, including recycled original equipment manufacturer (OEM) parts, aftermarket parts, refurbished and remanufactured items. Its products support collision repair, mechanical repair and performance enhancement needs across passenger cars, heavy trucks and recreational vehicles.

Through a combination of in-house operations and strategic acquisitions, LKQ has developed a comprehensive product portfolio that extends beyond core replacement parts.