LKQ Corporation (NASDAQ:LKQ) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.
LKQ has been the topic of a number of other research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $37.00 price target on shares of LKQ Corporation in a report on Thursday, April 27th. Zacks Investment Research lowered shares of LKQ Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. FBR & Co reiterated an “outperform” rating and issued a $41.00 price target (up previously from $40.00) on shares of LKQ Corporation in a report on Friday, April 28th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $40.00 price target (up previously from $38.00) on shares of LKQ Corporation in a report on Monday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $37.00 price target on shares of LKQ Corporation in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $39.33.
LKQ Corporation (LKQ) traded down 0.249% on Tuesday, reaching $34.065. The company’s stock had a trading volume of 530,526 shares. The firm has a 50 day moving average price of $32.76 and a 200 day moving average price of $31.28. The stock has a market capitalization of $10.51 billion, a P/E ratio of 21.357 and a beta of 0.84. LKQ Corporation has a 52 week low of $27.85 and a 52 week high of $36.35.
LKQ Corporation (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.41 billion. LKQ Corporation had a net margin of 5.31% and a return on equity of 15.74%. LKQ Corporation’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business earned $0.55 EPS. On average, equities analysts anticipate that LKQ Corporation will post $1.87 EPS for the current year.
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In related news, VP Michael S. Clark sold 5,000 shares of LKQ Corporation stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $31.42, for a total transaction of $157,100.00. Following the transaction, the vice president now owns 62,885 shares in the company, valued at approximately $1,975,846.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Victor M. Casini sold 25,000 shares of LKQ Corporation stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $33.40, for a total transaction of $835,000.00. Following the transaction, the vice president now owns 213,884 shares in the company, valued at approximately $7,143,725.60. The disclosure for this sale can be found here. Insiders have sold a total of 58,230 shares of company stock worth $1,905,125 in the last 90 days. Company insiders own 1.10% of the company’s stock.
A number of institutional investors have recently modified their holdings of LKQ. Private Trust Co. NA raised its position in shares of LKQ Corporation by 32.3% in the first quarter. Private Trust Co. NA now owns 45,158 shares of the auto parts company’s stock worth $1,321,000 after buying an additional 11,023 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of LKQ Corporation by 4.9% in the first quarter. Capstone Asset Management Co. now owns 40,551 shares of the auto parts company’s stock worth $1,187,000 after buying an additional 1,900 shares in the last quarter. First National Bank of Omaha raised its position in shares of LKQ Corporation by 8.4% in the first quarter. First National Bank of Omaha now owns 114,639 shares of the auto parts company’s stock worth $3,356,000 after buying an additional 8,889 shares in the last quarter. CrestPoint Capital Management LLC raised its position in shares of LKQ Corporation by 12.7% in the first quarter. CrestPoint Capital Management LLC now owns 11,500 shares of the auto parts company’s stock worth $337,000 after buying an additional 1,300 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its position in shares of LKQ Corporation by 0.5% in the first quarter. DAVENPORT & Co LLC now owns 746,362 shares of the auto parts company’s stock worth $22,330,000 after buying an additional 3,505 shares in the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.
LKQ Corporation Company Profile
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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