LKQ Corporation (NASDAQ:LKQ)‘s stock had its “buy” rating restated by investment analysts at Robert W. Baird in a report released on Friday, October 27th. They currently have a $42.00 target price on the auto parts company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 13.02% from the stock’s previous close.
Other research analysts have also issued research reports about the company. BidaskClub upgraded LKQ Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $40.00 price target (up previously from $38.00) on shares of LKQ Corporation in a research report on Monday, July 31st. Jefferies Group LLC boosted their price target on LKQ Corporation from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered LKQ Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $37.00 price objective on shares of LKQ Corporation in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. LKQ Corporation currently has a consensus rating of “Buy” and an average price target of $40.67.
Shares of LKQ Corporation (LKQ) traded up $0.23 during trading hours on Friday, hitting $37.16. The company had a trading volume of 760,700 shares, compared to its average volume of 1,876,225. The company has a current ratio of 2.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.75. LKQ Corporation has a 1-year low of $27.85 and a 1-year high of $38.16. The stock has a market cap of $11,413.00, a P/E ratio of 20.29, a P/E/G ratio of 1.09 and a beta of 0.96.
LKQ Corporation (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03. LKQ Corporation had a return on equity of 15.10% and a net margin of 5.27%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the business earned $0.41 EPS. LKQ Corporation’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities research analysts expect that LKQ Corporation will post 1.89 EPS for the current year.
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In other LKQ Corporation news, Director A Clinton Allen sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $32.92, for a total value of $526,720.00. Following the completion of the transaction, the director now owns 196,083 shares of the company’s stock, valued at approximately $6,455,052.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Victor M. Casini sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $36.82, for a total value of $920,500.00. Following the completion of the transaction, the vice president now directly owns 213,884 shares of the company’s stock, valued at approximately $7,875,208.88. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in LKQ. Global X Management Co. LLC raised its stake in LKQ Corporation by 29.3% during the 1st quarter. Global X Management Co. LLC now owns 4,985 shares of the auto parts company’s stock worth $146,000 after buying an additional 1,129 shares during the period. Gyroscope Capital Management Group LLC acquired a new stake in LKQ Corporation during the 2nd quarter worth $243,000. Private Capital Management Inc. acquired a new stake in shares of LKQ Corporation in the 2nd quarter valued at about $247,000. Cedar Capital LLC raised its stake in shares of LKQ Corporation by 20.6% in the 3rd quarter. Cedar Capital LLC now owns 7,900 shares of the auto parts company’s stock valued at $284,000 after purchasing an additional 1,348 shares during the period. Finally, Buffington Mohr McNeal acquired a new stake in shares of LKQ Corporation in the 2nd quarter valued at about $264,000. Hedge funds and other institutional investors own 92.46% of the company’s stock.
About LKQ Corporation
LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.
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