Jupiter Topco LLC Takes $37.36 Million Position in LKQ Corporation $LKQ

Jupiter Topco LLC bought a new stake in LKQ Corporation (NASDAQ:LKQ) in the 2nd quarter, Holdings Channel.com reports. The firm bought 1,419,058 shares of the auto parts company’s stock, valued at approximately $37,363,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new stake in shares of LKQ in the first quarter valued at approximately $278,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of LKQ by 2.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,476 shares of the auto parts company’s stock worth $1,339,000 after acquiring an additional 807 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of LKQ during the 1st quarter worth approximately $1,162,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in LKQ by 170.0% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,886 shares of the auto parts company’s stock valued at $292,000 after acquiring an additional 4,965 shares during the period. Finally, Kennedy Capital Management LLC raised its stake in LKQ by 41.2% in the 3rd quarter. Kennedy Capital Management LLC now owns 314,467 shares of the auto parts company’s stock valued at $9,604,000 after acquiring an additional 91,776 shares during the period. Institutional investors own 95.63% of the company’s stock.

LKQ Stock Performance

NASDAQ:LKQ opened at $25.36 on Friday. The stock has a 50 day simple moving average of $25.39 and a 200 day simple moving average of $27.97. The stock has a market cap of $6.42 billion, a P/E ratio of 14.09 and a beta of 0.84. LKQ Corporation has a 1-year low of $21.17 and a 1-year high of $37.13. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates 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 period in the prior year, the company earned $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Research analysts anticipate that LKQ Corporation will post 2.67 earnings per share for the current year.

LKQ Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of LKQ from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Robert W. Baird set a $30.00 price objective on shares of LKQ in a research report on Friday, July 31st. Barclays cut their target price 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. Stephens reduced their target price on shares of LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Finally, Roth Capital set a $35.00 price target on shares of LKQ in a research note on Monday, August 3rd. Three equities 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.08.

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.