LKQ (NASDAQ:LKQ) Reaches New 52-Week Low – Here’s Why

LKQ Corporation (NASDAQ:LKQ) hit a new 52-week low on Monday . The stock traded as low as $24.55 and last traded at $24.41, with a volume of 446040 shares changing hands. The stock had previously closed at $24.61.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LKQ shares. JPMorgan Chase & Co. dropped their price target on LKQ from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Wall Street Zen lowered shares of LKQ from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. Zacks Research upgraded LKQ from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Barclays dropped their target price on shares of LKQ from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, April 7th. Finally, Weiss Ratings raised shares of LKQ from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.33.

LKQ Trading Up 0.4%

The stock’s 50-day simple moving average is $29.53 and its 200-day simple moving average is $30.87. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.60 and a current ratio of 1.54. The firm has a market capitalization of $6.30 billion, a PE ratio of 12.22 and a beta of 0.88.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, April 30th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.39 billion. LKQ had a net margin of 3.71% and a return on equity of 11.65%. LKQ’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. As a group, sell-side analysts expect that LKQ Corporation will post 3 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.9%. LKQ’s payout ratio is currently 59.41%.

Institutional Trading of LKQ

A number of hedge funds have recently modified their holdings of the business. Applied Finance Capital Management LLC grew its position in shares of LKQ by 6.1% in the 3rd quarter. Applied Finance Capital Management LLC now owns 536,345 shares of the auto parts company’s stock worth $16,380,000 after buying an additional 31,042 shares during the period. Thompson Investment Management Inc. grew its position in shares of LKQ by 14.0% in the 4th quarter. Thompson Investment Management Inc. now owns 374,299 shares of the auto parts company’s stock worth $11,304,000 after buying an additional 46,052 shares during the period. Goodman Financial Corp grew its position in shares of LKQ by 9.9% in the 3rd quarter. Goodman Financial Corp now owns 355,108 shares of the auto parts company’s stock worth $10,845,000 after buying an additional 31,857 shares during the period. Seizert Capital Partners LLC grew its position in shares of LKQ by 30.1% in the 4th quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock worth $65,797,000 after buying an additional 503,998 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of LKQ by 3,046.7% in the 4th quarter. SG Americas Securities LLC now owns 270,525 shares of the auto parts company’s stock worth $8,170,000 after buying an additional 261,928 shares during the period. Institutional investors own 95.63% of the company’s stock.

LKQ Company 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.