A number of other equities research analysts have also recently commented on the stock. Susquehanna assumed coverage on shares of LKQ Corp. in a report on Thursday, August 25th. They issued a positive rating and a $42.00 target price for the company. Zacks Investment Research upgraded shares of LKQ Corp. from a hold rating to a buy rating and set a $40.00 price target on the stock in a research note on Wednesday, September 14th. Finally, Robert W. Baird reiterated an outperform rating and set a $36.00 price target on shares of LKQ Corp. in a research note on Tuesday, June 28th. Ten equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average target price of $38.25.
LKQ Corp. (NASDAQ:LKQ) opened at 33.20 on Wednesday. The firm has a 50-day moving average of $35.38 and a 200-day moving average of $33.45. LKQ Corp. has a 1-year low of $23.95 and a 1-year high of $36.35. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 22.90 and a beta of 0.72.
LKQ Corp. (NASDAQ:LKQ) last announced its earnings results on Thursday, July 28th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. LKQ Corp. had a net margin of 5.59% and a return on equity of 15.82%. The business earned $2.45 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The business’s revenue was up 33.3% compared to the same quarter last year. Equities research analysts anticipate that LKQ Corp. will post $1.84 EPS for the current year.
In other news, CEO Robert L. Wagman sold 1,502 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $34.51, for a total value of $51,834.02. Following the sale, the chief executive officer now directly owns 358,654 shares in the company, valued at $12,377,149.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John S. Quinn sold 13,085 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $33.11, for a total transaction of $433,244.35. Following the completion of the sale, the executive vice president now owns 273,272 shares in the company, valued at $9,048,035.92. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Pinkerton Retirement Specialists LLC acquired a new stake in LKQ Corp. during the second quarter valued at approximately $118,000. Mizuho Asset Management Co. Ltd. raised its stake in LKQ Corp. by 143.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,941 shares of the company’s stock valued at $125,000 after buying an additional 2,320 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in LKQ Corp. by 8.5% in the second quarter. Parkside Financial Bank & Trust now owns 4,197 shares of the company’s stock valued at $133,000 after buying an additional 330 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in LKQ Corp. by 21.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,951 shares of the company’s stock valued at $157,000 after buying an additional 879 shares in the last quarter. Finally, Euclid Advisors LLC purchased a new position in shares of LKQ Corp. during the second quarter valued at about $166,000. Institutional investors and hedge funds own 89.91% of the company’s stock.
LKQ Corp. Company Profile
LKQ Corporation (LKQ) is a global 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. The company distributes a range of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, and recycled collision and mechanical products.
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