LKQ (NASDAQ:LKQ) Stock Price Target Lowered at Robert W. Baird

LKQ (NASDAQ:LKQ) had its target price lowered by investment analysts at Robert W. Baird from $30.00 to $23.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the auto parts company’s stock. Robert W. Baird‘s target price indicates a potential upside of 32.03% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Raymond James Financial set a $30.00 price target on LKQ in a research report on Friday, July 31st. Jefferies Financial Group reissued a “buy” rating and set a $30.00 price objective on shares of LKQ in a research report on Friday. JPMorgan Chase & Co. decreased their target price on LKQ from $30.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. Roth Capital lowered LKQ from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a report on Monday. Finally, Zacks Research downgraded LKQ from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, LKQ has an average rating of “Hold” and a consensus target price of $27.07.

LKQ Stock Performance

Shares of LKQ opened at $17.42 on Monday. LKQ has a one year low of $17.21 and a one year high of $37.13. The company has a 50-day moving average of $23.56 and a two-hundred day moving average of $25.64. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 9.68 and a beta of 0.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 0.61.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.04). LKQ had a return on equity of 10.84% and a net margin of 3.37%. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the prior year, the company posted $0.87 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, equities research analysts expect that LKQ will post 2.65 earnings per share for the current year.

Institutional Investors Weigh In On LKQ

Hedge funds have recently made changes to their positions in the stock. Leeward Investments LLC MA increased its stake in LKQ by 321.1% during the third quarter. Leeward Investments LLC MA now owns 1,083,743 shares of the auto parts company’s stock valued at $24,742,000 after acquiring an additional 826,362 shares during the period. Signaturefd LLC lifted its position in shares of LKQ by 4.3% in the 3rd quarter. Signaturefd LLC now owns 110,944 shares of the auto parts company’s stock worth $2,533,000 after acquiring an additional 4,589 shares during the period. Evergreen Capital Management LLC bought a new stake in shares of LKQ in the 3rd quarter worth approximately $499,000. Murphy Pohlad Asset Management LLC lifted its position in shares of LKQ by 32.7% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 12,425 shares of the auto parts company’s stock worth $284,000 after acquiring an additional 3,062 shares during the period. Finally, Tectonic Advisors LLC grew its holdings in shares of LKQ by 9.9% during the 3rd quarter. Tectonic Advisors LLC now owns 218,363 shares of the auto parts company’s stock worth $4,985,000 after purchasing an additional 19,732 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

LKQ Company Profile

LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.

LKQ’s operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.