LKQ Corporation (NASDAQ:LKQ)‘s stock had its “buy” rating reiterated by research analysts at Robert W. Baird in a research note issued to investors on Friday, October 27th. They currently have a $42.00 price target on the auto parts company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 13.02% from the company’s previous close.
A number of other equities research analysts have also recently commented on the company. BidaskClub raised LKQ Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, October 6th. Zacks Investment Research lowered LKQ Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Northcoast Research lowered LKQ Corporation from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 25th. Stifel Nicolaus restated a “buy” rating and set a $37.00 price objective on shares of LKQ Corporation in a research report on Thursday, July 6th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and set a $40.00 price objective (up previously from $38.00) on shares of LKQ Corporation in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $40.67.
Shares of LKQ Corporation (NASDAQ:LKQ) opened at $37.16 on Friday. The company has a market capitalization of $11,484.08, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 1.09 and a beta of 0.96. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.10 and a current ratio of 2.82. LKQ Corporation has a 52 week low of $27.85 and a 52 week high of $38.16.
LKQ Corporation (NASDAQ:LKQ) last announced its earnings results on Thursday, October 26th. The auto parts company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03. LKQ Corporation had a return on equity of 15.10% and a net margin of 5.27%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period last year, the firm earned $0.41 EPS. LKQ Corporation’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities research analysts anticipate that LKQ Corporation will post 1.89 earnings per share for the current year.
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In related news, Director A Clinton Allen sold 16,000 shares of the business’s 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 of the company’s stock, valued at $6,455,052.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Guhan Subramanian acquired 4,000 shares of LKQ Corporation stock in a transaction that occurred on Wednesday, August 16th. The stock was acquired at an average cost of $33.96 per share, with a total value of $135,840.00. Following the purchase, the director now directly owns 23,811 shares of the company’s stock, valued at $808,621.56. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global X Management Co. LLC grew its holdings in shares of LKQ Corporation by 29.3% during 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. Gyroscope Capital Management Group LLC purchased a new stake in shares of LKQ Corporation during the second quarter valued at $243,000. Private Capital Management Inc. purchased a new stake in shares of LKQ Corporation during the second quarter valued at $247,000. Cedar Capital LLC grew its holdings in shares of LKQ Corporation by 20.6% during the third quarter. Cedar Capital LLC now owns 7,900 shares of the auto parts company’s stock valued at $284,000 after buying an additional 1,348 shares during the last quarter. Finally, Buffington Mohr McNeal purchased a new stake in shares of LKQ Corporation during the second quarter valued at $264,000. 92.38% of the stock is currently owned by institutional investors and hedge funds.
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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