A number of other research firms also recently weighed in on LKQ. Susquehanna began coverage on shares of LKQ Corp. in a research report on Thursday, August 25th. They issued a positive rating and a $42.00 price target for the company. Zacks Investment Research upgraded shares of LKQ Corp. from a hold rating to a buy rating and set a $40.00 price target for the company in a research report on Wednesday, September 14th. Finally, Robert W. Baird reiterated an outperform rating and issued a $36.00 price target on shares of LKQ Corp. in a research report on Tuesday, June 28th. Ten research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and a consensus target price of $38.25.
LKQ Corp. (NASDAQ:LKQ) traded down 1.16% during midday trading on Wednesday, reaching $33.23. The company had a trading volume of 1,269,195 shares. LKQ Corp. has a one year low of $23.95 and a one year high of $36.35. The company has a market capitalization of $10.21 billion, a PE ratio of 22.92 and a beta of 0.72. The stock’s 50 day moving average is $35.51 and its 200 day moving average is $33.44.
LKQ Corp. (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.07. The firm earned $2.45 billion during the quarter, compared to the consensus estimate of $2.42 billion. LKQ Corp. had a net margin of 5.59% and a return on equity of 15.82%. The business’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. Equities research analysts forecast that LKQ Corp. will post $1.84 earnings per share for the current fiscal year.
In other LKQ Corp. news, EVP John S. Quinn sold 13,085 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $33.11, for a total transaction of $433,244.35. Following the completion of the transaction, the executive vice president now directly owns 273,272 shares in the company, valued at $9,048,035.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert L. Wagman sold 1,502 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $34.51, for a total transaction of $51,834.02. Following the transaction, the chief executive officer now owns 358,654 shares of the company’s stock, valued at $12,377,149.54. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Giverny Capital Inc. boosted its stake in LKQ Corp. by 3.0% in the first quarter. Giverny Capital Inc. now owns 1,219,370 shares of the company’s stock worth $38,934,000 after buying an additional 35,138 shares during the last quarter. M&T Bank Corp boosted its stake in LKQ Corp. by 1.6% in the first quarter. M&T Bank Corp now owns 60,144 shares of the company’s stock worth $1,919,000 after buying an additional 945 shares during the last quarter. Royce & Associates LP boosted its stake in LKQ Corp. by 75.6% in the first quarter. Royce & Associates LP now owns 188,447 shares of the company’s stock worth $6,017,000 after buying an additional 81,147 shares during the last quarter. Shufro Rose & Co. LLC bought a new stake in LKQ Corp. during the first quarter worth $335,000. Finally, Palisade Capital Management LLC NJ boosted its stake in LKQ Corp. by 5.9% in the first quarter. Palisade Capital Management LLC NJ now owns 915,222 shares of the company’s stock worth $29,223,000 after buying an additional 51,086 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.
LKQ Corp. Company Profile
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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