LKQ (NASDAQ:LKQ) Reaches New 12-Month Low – Should You Sell?

Shares of LKQ Corporation (NASDAQ:LKQ) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $27.64 and last traded at $28.2090, with a volume of 499890 shares trading hands. The stock had previously closed at $28.63.

Analysts Set New Price Targets

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on LKQ from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Barclays set a $34.00 target price on LKQ in a research note on Friday, February 20th. Zacks Research lowered LKQ from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Wall Street Zen cut LKQ from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of LKQ in a research report on Monday, December 29th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $42.50.

LKQ Trading Down 1.1%

The company has a market cap of $7.21 billion, a P/E ratio of 11.97 and a beta of 0.89. The company has a current ratio of 1.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.55. The business has a 50 day moving average price of $32.59 and a 200-day moving average price of $31.24.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, February 19th. The auto parts company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.06). LKQ had a return on equity of 12.29% and a net margin of 4.36%.The firm had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. LKQ’s quarterly revenue was up 2.7% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. Analysts forecast that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Thursday, March 12th. LKQ’s dividend payout ratio is presently 50.85%.

Hedge Funds Weigh In On LKQ

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors increased its position in LKQ by 0.4% during the third quarter. Captrust Financial Advisors now owns 84,939 shares of the auto parts company’s stock worth $2,594,000 after buying an additional 377 shares during the last quarter. Rossby Financial LCC lifted its position in shares of LKQ by 159.4% in the third quarter. Rossby Financial LCC now owns 882 shares of the auto parts company’s stock valued at $27,000 after buying an additional 542 shares during the last quarter. Anchor Investment Management LLC boosted its stake in shares of LKQ by 6.3% during the 2nd quarter. Anchor Investment Management LLC now owns 11,859 shares of the auto parts company’s stock worth $439,000 after acquiring an additional 701 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of LKQ by 2.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,476 shares of the auto parts company’s stock worth $1,339,000 after acquiring an additional 807 shares during the period. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of LKQ by 254.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,362 shares of the auto parts company’s stock worth $41,000 after acquiring an additional 978 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

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.