LKQ Corporation (NASDAQ:LKQ) Director A Clinton Allen sold 16,000 shares of LKQ Corporation stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $32.92, for a total value of $526,720.00. Following the completion of the transaction, the director now owns 196,083 shares in the company, valued at $6,455,052.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
LKQ Corporation (LKQ) traded up 1.03% during mid-day trading on Friday, hitting $34.30. The stock had a trading volume of 968,323 shares. LKQ Corporation has a 12-month low of $27.85 and a 12-month high of $36.35. The stock has a market cap of $10.59 billion, a price-to-earnings ratio of 21.50 and a beta of 0.84. The company has a 50-day moving average of $33.50 and a 200-day moving average of $31.59.
LKQ Corporation (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business 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%. LKQ Corporation’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. On average, analysts anticipate that LKQ Corporation will post $1.88 earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of LKQ. Israel Discount Bank of New York bought a new stake in shares of LKQ Corporation during the first quarter worth $102,000. Global X Management Co. LLC raised its stake 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 worth $146,000 after buying an additional 1,129 shares in the last quarter. Pacer Advisors Inc. raised its stake 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 worth $158,000 after buying an additional 181 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in LKQ Corporation during the first quarter worth approximately $210,000. Finally, Bell Bank raised its stake in LKQ Corporation by 4.1% in the first quarter. Bell Bank now owns 7,220 shares of the auto parts company’s stock worth $211,000 after buying an additional 285 shares in the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on LKQ shares. BidaskClub upgraded LKQ Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised LKQ Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $40.00 price target (up from $38.00) on shares of LKQ Corporation in a report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and issued a $37.00 price target on shares of LKQ Corporation in a report on Wednesday, August 9th. Finally, FBR & Co reissued an “outperform” rating and issued a $41.00 price target (up from $40.00) on shares of LKQ Corporation in a report on Friday, April 28th. One 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 currently has an average 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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