Parvin Asset Management LLC Buys Shares of 58,970 LKQ Corporation $LKQ

Parvin Asset Management LLC acquired a new position in LKQ Corporation (NASDAQ:LKQ) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 58,970 shares of the auto parts company’s stock, valued at approximately $1,553,000. LKQ comprises approximately 1.2% of Parvin Asset Management LLC’s holdings, making the stock its 15th largest position.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of LKQ in the second quarter worth $1,015,096,000. Pzena Investment Management LLC bought a new position in shares of LKQ during the second quarter valued at $398,696,000. Bank of New York Mellon Corp acquired a new position in LKQ during the 2nd quarter worth about $76,343,000. Bank of America Corp DE acquired a new stake in LKQ in the second quarter worth about $58,221,000. Finally, Canada Pension Plan Investment Board acquired a new stake in LKQ during the 2nd quarter worth $47,649,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

LKQ has been the topic of a number of recent analyst reports. Roth Capital set a $35.00 price target on shares of LKQ in a research report on Monday, August 3rd. Barclays decreased their target price on LKQ from $30.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, August 3rd. Raymond James Financial set a $30.00 price target on LKQ in a report on Friday, July 31st. JPMorgan Chase & Co. cut their price objective on LKQ from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Finally, Zacks Research lowered LKQ from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, LKQ currently has an average rating of “Hold” and a consensus target price of $31.08.

LKQ Stock Performance

LKQ opened at $25.75 on Thursday. LKQ Corporation has a 52-week low of $21.17 and a 52-week high of $37.13. The firm has a market capitalization of $6.51 billion, a PE ratio of 14.31 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.61 and a current ratio of 1.58. The business’s 50-day simple moving average is $25.40 and its 200 day simple moving average is $28.04.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.48 billion. LKQ had a net margin of 3.37% and a return on equity of 10.84%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. As a group, sell-side analysts expect that LKQ Corporation will post 2.67 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Thursday, August 20th. LKQ’s payout ratio is currently 66.67%.

LKQ Profile

LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company supplies a broad range of replacement components, including recycled original equipment manufacturer (OEM) parts, aftermarket parts, refurbished and remanufactured items. Its products support collision repair, mechanical repair and performance enhancement needs across passenger cars, heavy trucks and recreational vehicles.

Through a combination of in-house operations and strategic acquisitions, LKQ has developed a comprehensive product portfolio that extends beyond core replacement parts.