Medina Value Partners LLC Invests $14.63 Billion in LKQ Corporation $LKQ

Medina Value Partners LLC acquired a new position in shares of LKQ Corporation (NASDAQ:LKQ) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 555,563 shares of the auto parts company’s stock, valued at approximately $14,627,974,000. LKQ comprises approximately 2.9% of Medina Value Partners LLC’s portfolio, making the stock its 17th biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in LKQ in the 2nd quarter worth about $1,015,096,000. Pzena Investment Management LLC acquired a new stake in shares of LKQ during the 2nd quarter valued at about $398,696,000. Bank of New York Mellon Corp bought a new stake in shares of LKQ in the 2nd quarter valued at approximately $76,343,000. Canada Pension Plan Investment Board bought a new stake in shares of LKQ in the 2nd quarter valued at approximately $47,649,000. Finally, Jupiter Topco LLC acquired a new position in LKQ in the second quarter worth approximately $37,363,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on LKQ. Zacks Research lowered shares of LKQ from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Roth Capital set a $35.00 target price on shares of LKQ in a research report on Monday, August 3rd. Stephens dropped their price target on shares of LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Barclays reduced their price objective on shares of LKQ from $30.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, August 3rd. Finally, Weiss Ratings cut shares of LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.08.

LKQ Stock Down 1.4%

Shares of LKQ stock opened at $25.37 on Wednesday. The stock’s 50 day simple moving average is $25.39 and its 200 day simple moving average is $28.10. LKQ Corporation has a twelve month low of $21.17 and a twelve month high of $37.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.61 and a current ratio of 1.58. The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 14.09 and a beta of 0.84.

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

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Thursday, August 20th. LKQ’s payout ratio is presently 66.67%.

LKQ Profile

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.