LKQ Corp. (LKQ) Given a $42.00 Price Target at Susquehanna
LKQ Corp. (NASDAQ:LKQ) has been assigned a $42.00 target price by equities research analysts at Susquehanna in a report issued on Wednesday. The brokerage currently has a a “buy” rating on the stock. Susquehanna’s price objective indicates a potential upside of 22.84% from the stock’s current price.
Other analysts have also issued research reports about the stock. Robert W. Baird reaffirmed an “outperform” rating and set a $36.00 price objective on shares of LKQ Corp. in a report on Tuesday, June 28th. FBR & Co reaffirmed an “outperform” rating and set a $40.00 price objective on shares of LKQ Corp. in a report on Wednesday. Finally, Zacks Investment Research lowered shares of LKQ Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Ten investment analysts have rated the stock with a buy rating, LKQ Corp. currently has a consensus rating of “Buy” and a consensus target price of $38.25.
Shares of LKQ Corp. (NASDAQ:LKQ) traded down 1.243% on Wednesday, hitting $33.765. The company’s stock had a trading volume of 2,747,462 shares. The stock has a market capitalization of $10.37 billion, a P/E ratio of 23.286 and a beta of 0.72. The stock’s 50 day moving average price is $35.55 and its 200 day moving average price is $33.44. LKQ Corp. has a 52 week low of $23.95 and a 52 week high of $36.35.
LKQ Corp. (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.07. The company earned $2.45 billion during the quarter, compared to analyst estimates of $2.42 billion. LKQ Corp. had a net margin of 5.59% and a return on equity of 15.82%. The company’s revenue was up 33.3% on a year-over-year basis. During the same quarter last year, the business posted $0.39 earnings per share. On average, analysts forecast that LKQ Corp. will post $1.84 earnings per share for the current fiscal year.
In other news, CEO Robert L. Wagman sold 1,502 shares of LKQ Corp. stock in a transaction 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 directly owns 358,654 shares of the company’s stock, valued at $12,377,149.54. The sale 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 LKQ Corp. stock in a transaction on Friday, August 26th. The stock was sold at an average price of $36.00, for a total transaction of $576,000.00. Following the transaction, 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. 1.30% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Pinkerton Retirement Specialists LLC purchased a new position in shares of LKQ Corp. during the second quarter worth $118,000. Mizuho Asset Management Co. Ltd. boosted its position in shares of LKQ Corp. by 143.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,941 shares of the company’s stock worth $125,000 after buying an additional 2,320 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of LKQ Corp. by 8.5% in the second quarter. Parkside Financial Bank & Trust now owns 4,197 shares of the company’s stock worth $133,000 after buying an additional 330 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of LKQ Corp. by 21.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,951 shares of the company’s stock worth $157,000 after buying an additional 879 shares in the last quarter. Finally, Euclid Advisors LLC purchased a new position in shares of LKQ Corp. during the second quarter worth $166,000. 89.92% 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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