Insider Buying: LKQ (NASDAQ:LKQ) Director Buys $191,500.00 in Stock

LKQ Corporation (NASDAQ:LKQ) Director Michael Scott Powell bought 10,000 shares of the stock in a transaction dated Monday, November 2nd. The shares were acquired at an average cost of $19.15 per share, for a total transaction of $191,500.00. Following the completion of the acquisition, the director directly owned 20,998 shares of the company’s stock, valued at approximately $402,111.70. This trade represents a 90.93% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

LKQ Price Performance

Shares of NASDAQ LKQ traded down $0.67 during mid-day trading on Tuesday, hitting $19.26. 5,822,341 shares of the stock traded hands, compared to its average volume of 3,272,886. 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 Corporation has a twelve month low of $16.85 and a twelve month high of $37.13. The company has a market cap of $4.86 billion, a PE ratio of 19.26 and a beta of 0.87. The firm has a 50 day simple moving average of $22.65 and a two-hundred day simple moving average of $27.15.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, October 29th. The auto parts company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.08). LKQ had a net margin of 3.37% and a return on equity of 10.84%. The firm had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period last year, the business posted $0.84 EPS. The company’s revenue was down 5.1% on a year-over-year basis. As a group, equities research analysts forecast that LKQ Corporation will post 2.26 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $1.20 annualized dividend and a dividend yield of 6.2%. LKQ’s dividend payout ratio (DPR) is presently 120.00%.

Analysts Set New Price Targets

Several analysts have issued reports on LKQ shares. Roth Capital lowered LKQ from a “buy” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $18.00 in a research note on Monday, October 26th. Robert W. Baird lowered their price objective on shares of LKQ from $30.00 to $23.00 and set an “outperform” rating for the company in a report on Monday, October 26th. Stephens cut their price objective on shares of LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Barrington Research lowered shares of LKQ from an “outperform” rating to a “market perform” rating in a report on Friday, October 23rd. Finally, Raymond James Financial set a $30.00 target price on shares of LKQ in a research report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC boosted its stake in LKQ by 142.4% during the first quarter. Root Financial Partners LLC now owns 1,217 shares of the auto parts company’s stock worth $36,000 after buying an additional 715 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of LKQ by 8.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 12,275 shares of the auto parts company’s stock worth $280,000 after acquiring an additional 911 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of LKQ during the 2nd quarter worth about $25,000. Cedar Mountain Advisors LLC purchased a new position in shares of LKQ during the 1st quarter worth about $28,000. Finally, Global Retirement Partners LLC bought a new position in LKQ during the 2nd quarter valued at about $25,000. Institutional investors own 95.63% of the company’s stock.

More LKQ News

Here are the key news stories impacting LKQ this week:

• Positive Sentiment: Director Andrew Clarke bought 21,800 shares for about $400,000, increasing his stake by 62.2%. SEC filing
• Positive Sentiment: Director Michael Scott Powell purchased 10,000 shares for $191,500, nearly doubling his position. These insider buys may signal confidence in the company. SEC filing
• Negative Sentiment: LKQ’s consensus price target was reported down 16.53% to $27.19, indicating analysts have lowered their expectations. Price target report
• Negative Sentiment: Multiple law firms announced investigations into potential securities-law violations, citing allegations that LKQ may have issued materially misleading business information. These are investigations, not findings of wrongdoing. Investigation announcement
• Negative Sentiment: Trading data showed a sharp spike in LKQ put-option purchases, which may reflect increased hedging or bearish positioning by options traders.
• Negative Sentiment: A separate report said the price target for LKQ depositary receipts was cut 20.11% to R$132.65. Depositary receipt target report

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.