LKQ (LKQ) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of LKQ (NASDAQ:LKQ) from a sell rating to a hold rating in a research report released on Thursday.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded LKQ from a hold rating to a buy rating and set a $48.00 target price for the company in a report on Monday, January 15th. Stifel Nicolaus reiterated a buy rating and issued a $44.00 target price on shares of LKQ in a report on Monday, December 11th. Robert W. Baird reiterated a buy rating and issued a $47.00 target price on shares of LKQ in a report on Friday, December 22nd. Northcoast Research upgraded LKQ from a neutral rating to a buy rating in a report on Monday, February 12th. Finally, Wellington Shields cut LKQ from a buy rating to a hold rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $44.78.

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LKQ stock opened at $37.17 on Thursday. The company has a market capitalization of $11,508.61, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 0.99 and a beta of 0.97. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.89 and a quick ratio of 1.09. LKQ has a 12-month low of $27.85 and a 12-month high of $43.86.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, February 22nd. The auto parts company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.37 billion. LKQ had a net margin of 5.48% and a return on equity of 14.84%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. equities research analysts expect that LKQ will post 2.34 earnings per share for the current fiscal year.

In related news, VP Victor M. Casini sold 25,000 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $42.55, for a total transaction of $1,063,750.00. Following the completion of the sale, the vice president now directly owns 222,395 shares in the company, valued at approximately $9,462,907.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John S. Quinn sold 7,501 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $39.76, for a total value of $298,239.76. Following the sale, the executive vice president now owns 270,218 shares of the company’s stock, valued at $10,743,867.68. The disclosure for this sale can be found here. Insiders have sold a total of 42,802 shares of company stock valued at $1,807,405 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in LKQ. Janus Henderson Group PLC raised its stake in LKQ by 106.7% in the third quarter. Janus Henderson Group PLC now owns 2,508,044 shares of the auto parts company’s stock valued at $90,264,000 after buying an additional 1,294,439 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in LKQ by 39.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,513,151 shares of the auto parts company’s stock valued at $183,550,000 after buying an additional 1,283,674 shares during the last quarter. CI Global Investments Inc. raised its stake in LKQ by 49.7% in the fourth quarter. CI Global Investments Inc. now owns 3,793,044 shares of the auto parts company’s stock valued at $154,263,000 after buying an additional 1,259,782 shares during the last quarter. Millennium Management LLC raised its stake in LKQ by 1,557.6% in the fourth quarter. Millennium Management LLC now owns 1,281,123 shares of the auto parts company’s stock valued at $52,103,000 after buying an additional 1,203,833 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its stake in LKQ by 32.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 3,113,705 shares of the auto parts company’s stock valued at $126,634,000 after buying an additional 760,466 shares during the last quarter. Institutional investors own 93.85% of the company’s stock.

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LKQ 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.

Analyst Recommendations for LKQ (NASDAQ:LKQ)

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