LKQ Corporation (NASDAQ:LKQ) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Friday, October 6th.
A number of other analysts have also recently weighed in on LKQ. Jefferies Group LLC raised their price target on LKQ Corporation from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Stifel Nicolaus restated a “buy” rating and issued a $37.00 price target on shares of LKQ Corporation in a research note on Thursday, July 6th. Northcoast Research cut LKQ Corporation from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 25th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $40.00 price target (up from $38.00) on shares of LKQ Corporation in a research note on Monday, July 31st. Finally, Zacks Investment Research cut LKQ Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.20.
LKQ Corporation (NASDAQ LKQ) opened at 37.54 on Friday. LKQ Corporation has a 12-month low of $27.85 and a 12-month high of $37.70. The stock has a market cap of $11.59 billion, a PE ratio of 23.54 and a beta of 0.85. The firm’s 50-day moving average price is $35.80 and its 200 day moving average price is $32.91.
LKQ Corporation (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.41 billion. LKQ Corporation had a return on equity of 15.74% and a net margin of 5.31%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 earnings per share. Analysts anticipate that LKQ Corporation will post $1.88 EPS for the current year.
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In other news, Director A Clinton Allen sold 16,000 shares of LKQ Corporation stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $32.92, for a total transaction of $526,720.00. Following the sale, the director now owns 196,083 shares in the company, valued at $6,455,052.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Guhan Subramanian bought 4,000 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of $33.96 per share, for a total transaction of $135,840.00. Following the transaction, the director now directly owns 23,811 shares of the company’s stock, valued at approximately $808,621.56. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LKQ. BlackRock Inc. grew its holdings in shares of LKQ Corporation by 3,058.3% during the first quarter. BlackRock Inc. now owns 18,595,751 shares of the auto parts company’s stock worth $544,296,000 after buying an additional 18,006,955 shares during the last quarter. Fairpointe Capital LLC purchased a new position in shares of LKQ Corporation during the first quarter worth about $85,911,000. Vanguard Group Inc. grew its holdings in shares of LKQ Corporation by 3.3% during the first quarter. Vanguard Group Inc. now owns 28,048,351 shares of the auto parts company’s stock worth $820,976,000 after buying an additional 902,294 shares during the last quarter. Morgan Stanley grew its holdings in shares of LKQ Corporation by 155.0% during the first quarter. Morgan Stanley now owns 1,443,233 shares of the auto parts company’s stock worth $42,244,000 after buying an additional 877,203 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of LKQ Corporation by 27.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,142,256 shares of the auto parts company’s stock worth $62,706,000 after buying an additional 464,504 shares during the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.
About LKQ Corporation
LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.
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