LKQ Corporation (NASDAQ:LKQ) VP Victor M. Casini sold 25,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $33.40, for a total transaction of $835,000.00. Following the completion of the sale, the vice president now owns 213,884 shares in the company, valued at $7,143,725.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of LKQ Corporation (NASDAQ:LKQ) opened at 34.53 on Monday. LKQ Corporation has a 12-month low of $27.85 and a 12-month high of $36.35. The firm has a market cap of $10.66 billion, a P/E ratio of 21.65 and a beta of 0.84. The firm’s 50-day moving average price is $32.63 and its 200 day moving average price is $31.24.
LKQ Corporation (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.41 billion. LKQ Corporation had a return on equity of 15.74% and a net margin of 5.31%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 earnings per share. On average, equities analysts expect that LKQ Corporation will post $1.87 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. Israel Discount Bank of New York bought a new position in LKQ Corporation during the first quarter valued at $102,000. Global X Management Co. LLC raised its position in LKQ Corporation by 29.3% in the first quarter. Global X Management Co. LLC now owns 4,985 shares of the auto parts company’s stock valued at $146,000 after buying an additional 1,129 shares during the last quarter. Pacer Advisors Inc. raised its position in LKQ Corporation by 3.5% in the first quarter. Pacer Advisors Inc. now owns 5,387 shares of the auto parts company’s stock valued at $158,000 after buying an additional 181 shares during the last quarter. Private Advisor Group LLC bought a new position in LKQ Corporation during the first quarter valued at $163,000. Finally, State of Alaska Department of Revenue bought a new position in LKQ Corporation during the first quarter valued at $210,000. 92.26% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have commented on LKQ. Zacks Investment Research cut shares of LKQ Corporation from a “hold” rating to a “sell” rating in a research report on Thursday. Northcoast Research cut shares of LKQ Corporation from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 25th. BidaskClub cut shares of LKQ Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $37.00 price target on shares of LKQ Corporation in a research report on Thursday, July 6th. Finally, FBR & Co reiterated an “outperform” rating and issued a $41.00 price target (up from $40.00) on shares of LKQ Corporation in a research report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $39.67.
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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