LKQ Corporation (NASDAQ:LKQ) VP Victor M. Casini sold 25,000 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $36.82, for a total value of $920,500.00. Following the transaction, the vice president now directly owns 213,884 shares of the company’s stock, valued at approximately $7,875,208.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
LKQ Corporation (NASDAQ:LKQ) opened at $37.16 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.82 and a quick ratio of 1.10. The stock has a market capitalization of $11,484.08, a price-to-earnings ratio of 20.42, a PEG ratio of 1.09 and a beta of 0.96. LKQ Corporation has a fifty-two week low of $27.85 and a fifty-two week high of $38.16.
LKQ Corporation (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.35 billion. LKQ Corporation had a return on equity of 15.10% and a net margin of 5.27%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. sell-side analysts anticipate that LKQ Corporation will post 1.89 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. Schroder Investment Management Group lifted its stake in shares of LKQ Corporation by 3.1% in the 3rd quarter. Schroder Investment Management Group now owns 298,177 shares of the auto parts company’s stock worth $10,660,000 after acquiring an additional 8,846 shares during the period. SG Americas Securities LLC lifted its stake in LKQ Corporation by 44.2% during the third quarter. SG Americas Securities LLC now owns 14,129 shares of the auto parts company’s stock valued at $509,000 after purchasing an additional 4,329 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in LKQ Corporation by 6.8% during the third quarter. Russell Investments Group Ltd. now owns 415,050 shares of the auto parts company’s stock valued at $14,938,000 after purchasing an additional 26,495 shares during the last quarter. Rhumbline Advisers lifted its stake in LKQ Corporation by 0.8% during the third quarter. Rhumbline Advisers now owns 548,517 shares of the auto parts company’s stock valued at $19,741,000 after purchasing an additional 4,110 shares during the last quarter. Finally, Cedar Capital LLC lifted its stake in LKQ Corporation by 20.6% during the third 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 last quarter. Institutional investors and hedge funds own 92.46% of the company’s stock.
Several brokerages recently weighed in on LKQ. BidaskClub lowered LKQ Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Jefferies Group LLC reissued a “buy” rating and set a $43.00 target price on shares of LKQ Corporation in a research note on Sunday, October 29th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $40.00 target price (up from $38.00) on shares of LKQ Corporation in a report on Monday, July 31st. Zacks Investment Research downgraded LKQ Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, FBR & Co reiterated a “buy” rating and set a $41.00 price objective on shares of LKQ Corporation in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $40.67.
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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