Barclays Cuts LKQ (NASDAQ:LKQ) Price Target to $25.00

LKQ (NASDAQ:LKQ) had its price target lowered by Barclays from $30.00 to $25.00 in a research note released on Monday morning, MarketBeat.com reports. The brokerage currently has an equal weight rating on the auto parts company’s stock.

LKQ has been the subject of several other reports. Zacks Research upgraded shares of LKQ from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Stephens dropped their target price on LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. JPMorgan Chase & Co. cut their target price on LKQ from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LKQ in a research note on Friday, July 31st. Finally, Raymond James Financial set a $30.00 price target on LKQ in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $31.08.

LKQ Stock Performance

LKQ stock opened at $24.11 on Monday. The company has a market capitalization of $6.10 billion, a P/E ratio of 13.39 and a beta of 0.84. The company has a 50-day simple moving average of $25.58 and a 200 day simple moving average of $28.90. LKQ has a fifty-two week low of $21.17 and a fifty-two week high of $37.13. The company has a quick ratio of 0.61, a current ratio of 1.58 and a debt-to-equity ratio of 0.52.

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

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Thursday, August 20th. LKQ’s payout ratio is presently 66.67%.

Institutional Trading of LKQ

Large investors have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC grew its position in LKQ by 260.0% in the first quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock worth $26,000 after buying an additional 650 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new stake in shares of LKQ during the 1st quarter valued at $28,000. Essential Partners LLC bought a new stake in shares of LKQ during the 1st quarter worth $30,000. Torren Management LLC bought a new stake in shares of LKQ during the 4th quarter worth $32,000. Finally, Root Financial Partners LLC grew its holdings in shares of LKQ by 142.4% in the 1st quarter. Root Financial Partners LLC now owns 1,217 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 715 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors.

About LKQ

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.