LKQ Corporation (NASDAQ:LKQ) Stock Has Consensus Target Price of $30.58

LKQ Corporation (NASDAQ:LKQ) has received an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $30.58.

Several analysts have issued reports on the company. Robert W. Baird set a $30.00 price objective on LKQ in a research note on Friday, July 31st. Roth Capital set a $35.00 price objective on shares of LKQ in a report on Monday, August 3rd. Barclays cut their price target on LKQ from $30.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. JPMorgan Chase & Co. reduced their price target on LKQ from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. Finally, Weiss Ratings lowered shares of LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th.

LKQ Stock Performance

Shares of LKQ stock opened at $21.52 on Tuesday. LKQ has a 12 month low of $21.17 and a 12 month high of $37.13. The company’s fifty day moving average price is $23.90 and its two-hundred day moving average price is $25.86. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 0.61. The firm has a market capitalization of $5.44 billion, a P/E ratio of 8.03 and a beta of 0.87.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 10.84% and a net margin of 3.37%. LKQ’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, research analysts anticipate that LKQ will post 2.65 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a $0.30 dividend. The ex-dividend date was Thursday, August 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.6%. LKQ’s dividend payout ratio (DPR) is 66.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of LKQ in the 2nd quarter valued at about $1,015,096,000. Pzena Investment Management LLC acquired a new stake in shares of LKQ during the second quarter worth $398,696,000. Nykredit A S bought a new stake in shares of LKQ in the second quarter valued at about $84,795,000. Bank of New York Mellon Corp bought a new stake in LKQ in the 2nd quarter valued at approximately $76,343,000. Finally, Bank of America Corp DE bought a new stake in shares of LKQ in the second quarter worth $58,221,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

About LKQ

LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.

LKQ’s operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.