Several other equities research analysts also recently issued reports on LKQ. ValuEngine upgraded LKQ from a sell rating to a hold rating in a report on Friday, April 26th. Zacks Investment Research upgraded LKQ from a sell rating to a hold rating in a report on Tuesday, April 2nd. TheStreet upgraded LKQ from a c rating to a b- rating in a report on Thursday, April 25th. Finally, Barrington Research set a $43.00 price objective on LKQ and gave the stock a buy rating in a report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. LKQ presently has an average rating of Hold and an average price target of $37.20.
Shares of NASDAQ:LKQ opened at $28.50 on Friday. The stock has a market cap of $8.96 billion, a P/E ratio of 13.01, a P/E/G ratio of 0.93 and a beta of 1.29. The company has a current ratio of 2.36, a quick ratio of 0.99 and a debt-to-equity ratio of 0.84. LKQ has a one year low of $22.74 and a one year high of $36.10.
LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, April 25th. The auto parts company reported $0.56 EPS for the quarter, meeting the consensus estimate of $0.56. LKQ had a return on equity of 14.39% and a net margin of 3.47%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period last year, the business posted $0.55 EPS. The company’s revenue was up 13.9% on a year-over-year basis. On average, equities analysts forecast that LKQ will post 2.39 earnings per share for the current year.
In other news, EVP John S. Quinn sold 6,861 shares of LKQ stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $27.63, for a total value of $189,569.43. Following the completion of the transaction, the executive vice president now owns 241,563 shares in the company, valued at approximately $6,674,385.69. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.71% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James & Associates grew its position in shares of LKQ by 15.9% in the 1st quarter. Raymond James & Associates now owns 915,255 shares of the auto parts company’s stock worth $25,975,000 after acquiring an additional 125,294 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of LKQ by 122.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 52,050 shares of the auto parts company’s stock worth $1,477,000 after acquiring an additional 28,661 shares in the last quarter. Trillium Asset Management LLC grew its position in shares of LKQ by 184.3% in the 1st quarter. Trillium Asset Management LLC now owns 208,551 shares of the auto parts company’s stock worth $5,919,000 after acquiring an additional 135,196 shares in the last quarter. Check Capital Management Inc. CA grew its position in shares of LKQ by 0.7% in the 1st quarter. Check Capital Management Inc. CA now owns 1,896,396 shares of the auto parts company’s stock worth $53,820,000 after acquiring an additional 13,800 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of LKQ by 4.3% in the 1st quarter. CIBC Asset Management Inc now owns 33,742 shares of the auto parts company’s stock worth $958,000 after acquiring an additional 1,393 shares in the last quarter. Institutional investors own 93.62% of the company’s stock.
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.
Featured Article: Backdoor Roth IRA Conversion and Strategy
Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.