LKQ (NASDAQ:LKQ)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Group in a research report issued on Thursday. Jefferies Group also issued estimates for LKQ’s Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.62 EPS and Q3 2019 earnings at $0.58 EPS.
LKQ has been the topic of a number of other research reports. BidaskClub downgraded LKQ from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Wellington Shields downgraded LKQ from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Wolfe Research started coverage on LKQ in a report on Tuesday, November 7th. They set an “outperform” rating on the stock. FBR & Co reiterated a “buy” rating and set a $41.00 target price on shares of LKQ in a report on Friday, October 27th. Finally, Robert W. Baird reiterated a “buy” rating and set a $42.00 target price on shares of LKQ in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. LKQ presently has a consensus rating of “Buy” and an average price target of $41.71.
LKQ (LKQ) opened at $39.51 on Thursday. LKQ has a twelve month low of $27.85 and a twelve month high of $41.42. The company has a current ratio of 2.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $12,148.53, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97.
LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. LKQ had a return on equity of 15.10% and a net margin of 5.27%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. sell-side analysts expect that LKQ will post 1.89 earnings per share for the current fiscal year.
In related news, Director William M. Iv Webster sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $40.02, for a total value of $4,002,000.00. Following the transaction, the director now directly owns 119,222 shares of the company’s stock, valued at approximately $4,771,264.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Victor M. Casini sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $36.82, for a total value of $920,500.00. Following the completion of the transaction, the vice president now directly owns 213,884 shares in the company, valued at $7,875,208.88. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation purchased a new stake in LKQ during the 3rd quarter valued at $197,000. Gyroscope Capital Management Group LLC purchased a new stake in LKQ during the 2nd quarter valued at $243,000. Cedar Capital LLC raised its stake in LKQ by 20.6% during the 3rd 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. SG Americas Securities LLC raised its stake in LKQ by 44.2% during the 3rd quarter. SG Americas Securities LLC now owns 14,129 shares of the auto parts company’s stock valued at $509,000 after buying an additional 4,329 shares during the last quarter. Finally, S&CO Inc. raised its stake in LKQ by 41.7% during the 3rd quarter. S&CO Inc. now owns 17,000 shares of the auto parts company’s stock valued at $612,000 after buying an additional 5,000 shares during the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.
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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.
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