LKQ (NASDAQ:LKQ) Reaches New 1-Year Low Following Weak Earnings

LKQ Corporation (NASDAQ:LKQ)’s share price hit a new 52-week low during trading on Thursday after the company announced weaker than expected quarterly earnings. The stock traded as low as $22.34 and last traded at $21.9580, with a volume of 35276 shares trading hands. The stock had previously closed at $26.39.

The auto parts company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.48 billion. LKQ had a return on equity of 11.65% and a net margin of 3.71%.LKQ’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LKQ shares. Stephens decreased their target price on LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Zacks Research upgraded LKQ from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Barclays lowered their price target on shares of LKQ from $33.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Finally, Weiss Ratings raised shares of LKQ from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.62.

Institutional Trading of LKQ

A number of large investors have recently bought and sold shares of LKQ. Captrust Financial Advisors raised its stake 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 acquiring an additional 377 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of LKQ by 260.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 650 shares in the last quarter. Root Financial Partners LLC boosted its stake 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 valued at $36,000 after purchasing an additional 715 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of LKQ by 2.6% in 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 purchasing an additional 807 shares during the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new stake in shares of LKQ during the 1st quarter worth about $28,000. 95.63% of the stock is currently owned by institutional investors.

LKQ Stock Performance

The company has a quick ratio of 0.60, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 10.71 and a beta of 0.83. The stock’s 50-day simple moving average is $25.95 and its 200 day simple moving average is $29.25.

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.