LKQ Corporation (NASDAQ:LKQ) Stock Has Average Price Target of $30.58 According to Brokerages

LKQ Corporation (NASDAQ:LKQ) has been given a consensus recommendation of “Hold” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $30.58.

A number of equities research analysts have commented on LKQ shares. Weiss Ratings downgraded shares of 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 price target on LKQ in a report on Monday, August 3rd. JPMorgan Chase & Co. cut their price objective on LKQ from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. Barclays cut their price objective on LKQ from $30.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, August 3rd. Finally, Robert W. Baird set a $30.00 price objective on LKQ in a research report on Friday, July 31st.

Hedge Funds Weigh In On LKQ

Several institutional investors have recently made changes to their positions in LKQ. BlackRock Inc. purchased a new position in shares of LKQ during the 2nd quarter valued at $1,015,096,000. Engineers Gate Manager LP purchased a new stake in LKQ during the 2nd quarter valued at approximately $3,438,000. Private Management Group Inc. lifted its stake in LKQ by 18.5% in the 2nd quarter. Private Management Group Inc. now owns 1,564,152 shares of the auto parts company’s stock worth $41,184,000 after purchasing an additional 244,141 shares in the last quarter. Tidal Investments LLC lifted its position in shares of LKQ by 90.1% in the second quarter. Tidal Investments LLC now owns 320,735 shares of the auto parts company’s stock worth $8,445,000 after buying an additional 152,003 shares in the last quarter. Finally, Lakewood Capital Management LP bought a new position in shares of LKQ during the 2nd quarter valued at approximately $6,977,000. Institutional investors own 95.63% of the company’s stock.

LKQ Stock Performance

LKQ traded down $0.12 during midday trading on Tuesday, hitting $21.98. 354,101 shares of the company traded hands, compared to its average volume of 2,959,874. The company has a quick ratio of 0.61, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $5.56 billion, a PE ratio of 12.24 and a beta of 0.87. The company’s 50-day moving average is $24.15 and its 200 day moving average is $26.12. LKQ has a 52 week low of $21.17 and a 52 week high of $37.13.

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

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Thursday, August 20th. LKQ’s payout ratio is currently 66.67%.

LKQ Company Profile

LKQ Corporation (NASDAQ:LKQ) is a global distributor of replacement parts, components and accessories for automobiles, trucks and other vehicles. The company supplies collision and mechanical repair businesses, insurers, professional service providers, retailers and do-it-yourself customers with a broad range of products.

Its offerings include new aftermarket parts, recycled original-equipment parts, remanufactured and refurbished components, specialty vehicle equipment, tools and accessories.