According to Zacks, “LKQ Corp is the largest nationwide provider of recycled OEM automotive replacement parts and related services, with sales and processing facilities and redistribution centers that reach most major markets in the United States. “
Several other analysts also recently commented on the stock. Susquehanna set a $42.00 target price on shares of LKQ Corp. and gave the stock a buy rating in a report on Wednesday, October 5th. FBR & Co reiterated an outperform rating and issued a $40.00 price objective on shares of LKQ Corp. in a research note on Wednesday, October 5th. Finally, Robert W. Baird restated an outperform rating and issued a $36.00 target price on shares of LKQ Corp. in a research report on Tuesday, June 28th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. LKQ Corp. presently has a consensus rating of Buy and an average price target of $38.25.
Shares of LKQ Corp. (NASDAQ:LKQ) traded down 0.21% during midday trading on Tuesday, reaching $33.04. The company had a trading volume of 44,610 shares. The firm’s 50 day moving average price is $35.25 and its 200-day moving average price is $33.52. The company has a market capitalization of $10.15 billion, a P/E ratio of 22.79 and a beta of 0.72. LKQ Corp. has a 12 month low of $23.95 and a 12 month high of $36.35.
LKQ Corp. (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. LKQ Corp. had a net margin of 5.59% and a return on equity of 15.82%. The company earned $2.45 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the firm posted $0.39 EPS. The company’s quarterly revenue was up 33.3% on a year-over-year basis. Analysts anticipate that LKQ Corp. will post $1.84 earnings per share for the current fiscal year.
In other news, insider Robert L. Wagman sold 20,100 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $34.07, for a total value of $684,807.00. Following the sale, the insider now directly owns 360,456 shares of the company’s stock, valued at approximately $12,280,735.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Joseph M. Holsten sold 16,000 shares of the company’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $36.00, for a total transaction of $576,000.00. Following the completion of the sale, the director now directly owns 280,447 shares in the company, valued at $10,096,092. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
Several large investors have recently bought and sold shares of LKQ. Artisan Partners Limited Partnership raised its stake in LKQ Corp. by 4.1% in the second quarter. Artisan Partners Limited Partnership now owns 29,430,648 shares of the company’s stock worth $932,952,000 after buying an additional 1,152,626 shares in the last quarter. Vanguard Group Inc. raised its stake in LKQ Corp. by 23.8% in the second quarter. Vanguard Group Inc. now owns 25,013,673 shares of the company’s stock worth $792,934,000 after buying an additional 4,806,738 shares in the last quarter. State Street Corp raised its stake in LKQ Corp. by 18.6% in the second quarter. State Street Corp now owns 11,845,837 shares of the company’s stock worth $375,519,000 after buying an additional 1,854,265 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in LKQ Corp. by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 9,065,449 shares of the company’s stock worth $289,460,000 after buying an additional 92,774 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in LKQ Corp. by 25.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,282,741 shares of the company’s stock worth $167,463,000 after buying an additional 1,075,057 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.
About LKQ Corp.
LKQ Corporation (LKQ) is a global 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. The company distributes a range of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, and recycled collision and mechanical products.
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