Diversify Advisory Services LLC Makes New Investment in LKQ Corporation $LKQ

Diversify Advisory Services LLC acquired a new stake in shares of LKQ Corporation (NASDAQ:LKQ) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 23,631 shares of the auto parts company’s stock, valued at approximately $620,000.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in LKQ in the 2nd quarter worth $1,015,096,000. Pzena Investment Management LLC purchased a new position in shares of LKQ during the second quarter valued at about $398,696,000. Bank of New York Mellon Corp purchased a new position in shares of LKQ during the second quarter valued at about $76,343,000. Rice Hall James & Associates LLC bought a new stake in shares of LKQ in the second quarter worth about $17,859,000. Finally, Seizert Capital Partners LLC lifted its position in shares of LKQ by 30.1% in the fourth quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock worth $65,797,000 after buying an additional 503,998 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Price Performance

LKQ stock opened at $25.98 on Friday. The stock has a market cap of $6.57 billion, a PE ratio of 14.43 and a beta of 0.84. LKQ Corporation has a 12 month low of $21.17 and a 12 month high of $37.13. The company has a 50-day moving average price of $25.42 and a 200 day moving average price of $28.26. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, July 30th. 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 analysts’ expectations of $3.48 billion. LKQ had a return on equity of 10.84% and a net margin of 3.37%.The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Equities research analysts anticipate that LKQ Corporation will post 2.67 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Thursday, August 20th. LKQ’s dividend payout ratio is presently 66.67%.

Analyst Ratings Changes

LKQ has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price target on LKQ from $37.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Weiss Ratings downgraded LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Roth Capital set a $35.00 target price on shares of LKQ in a report on Monday, August 3rd. Raymond James Financial set a $30.00 price target on shares of LKQ in a research report on Friday, July 31st. Finally, Stephens decreased their price target on shares of LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $31.08.

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.