LKQ Corporation (NASDAQ:LKQ) EVP John S. Quinn sold 8,230 shares of LKQ Corporation stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $33.15, for a total transaction of $272,824.50. Following the completion of the sale, the executive vice president now owns 254,726 shares of the company’s stock, valued at approximately $8,444,166.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of LKQ Corporation (LKQ) opened at 34.16 on Friday. The company has a 50-day moving average of $32.76 and a 200-day moving average of $31.28. The stock has a market capitalization of $10.55 billion, a PE ratio of 21.42 and a beta of 0.84. LKQ Corporation has a 12 month low of $27.85 and a 12 month high of $36.35.
LKQ Corporation (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ 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 net margin of 5.31% and a return on equity of 15.74%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. On average, equities research analysts expect that LKQ Corporation will post $1.88 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. 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 valued at $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 valued at $337,000 after buying an additional 1,300 shares in the last quarter. 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 valued at $22,330,000 after buying an additional 3,505 shares in the last quarter. Gulf International Bank UK Ltd increased its position in LKQ Corporation by 1.8% in the first quarter. Gulf International Bank UK Ltd now owns 90,925 shares of the auto parts company’s stock worth $2,661,000 after buying an additional 1,600 shares during the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE increased its position in LKQ Corporation by 7.7% in the first quarter. Lawson Kroeker Investment Management Inc. NE now owns 197,900 shares of the auto parts company’s stock worth $5,793,000 after buying an additional 14,080 shares during the last quarter. 92.26% of the stock is owned by institutional investors.
LKQ has been the subject of several research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $37.00 target price on shares of LKQ Corporation in a report on Thursday, April 27th. FBR & Co restated an “outperform” rating and issued a $41.00 price target (up previously from $40.00) on shares of LKQ Corporation in a research note on Friday, April 28th. Zacks Investment Research upgraded shares of LKQ Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. BidaskClub downgraded shares of LKQ Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. LKQ Corporation presently has a consensus rating of “Buy” and an average price target of $39.33.
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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