BidaskClub Downgrades LKQ Corporation (LKQ) to Hold

BidaskClub cut shares of LKQ Corporation (NASDAQ:LKQ) from a buy rating to a hold rating in a research report report published on Wednesday.

A number of other research firms also recently weighed in on LKQ. Stifel Nicolaus reiterated a buy rating and issued a $37.00 price target on shares of LKQ Corporation in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of LKQ Corporation from a sell rating to a hold rating in a research report on Monday, May 1st. FBR & Co reiterated an outperform rating and issued a $41.00 price target (up from $40.00) on shares of LKQ Corporation in a research report on Friday, April 28th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $37.00 price target on shares of LKQ Corporation in a research report on Thursday, April 27th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. LKQ Corporation currently has an average rating of Buy and an average target price of $39.67.

LKQ Corporation (NASDAQ:LKQ) opened at 33.20 on Wednesday. The firm has a market capitalization of $10.24 billion, a PE ratio of 21.13 and a beta of 0.84. The stock has a 50 day moving average price of $31.86 and a 200-day moving average price of $31.08. LKQ Corporation has a one year low of $27.85 and a one year high of $36.35.

LKQ Corporation (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, April 27th. The auto parts company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. LKQ Corporation had a net margin of 5.21% and a return on equity of 16.54%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the business earned $0.42 earnings per share. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. On average, equities analysts forecast that LKQ Corporation will post $1.87 earnings per share for the current year.

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In other LKQ Corporation news, Director Robert M. Hanser sold 1,024 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $31.49, for a total transaction of $32,245.76. Following the sale, the director now owns 3,552 shares of the company’s stock, valued at $111,852.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert L. Wagman sold 30,000 shares of the business’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $30.13, for a total transaction of $903,900.00. Following the sale, the insider now directly owns 319,380 shares in the company, valued at approximately $9,622,919.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,024 shares of company stock valued at $1,733,446. Company insiders own 1.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of LKQ. Israel Discount Bank of New York bought a new stake in LKQ Corporation during the first quarter worth $102,000. Israel Discount Bank of New York GFN bought a new stake in LKQ Corporation during the fourth quarter worth $107,000. Global X Management Co. LLC boosted 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 during the last quarter. Pacer Advisors Inc. boosted 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 during the last quarter. Finally, Private Advisor Group LLC bought a new stake in LKQ Corporation during the first quarter worth $163,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

About LKQ Corporation

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.

Analyst Recommendations for LKQ Corporation (NASDAQ:LKQ)

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