LKQ Corp. (LKQ) Stock Rating Reaffirmed by FBR & Co
Several other research firms have also issued reports on LKQ. Susquehanna began coverage on shares of LKQ Corp. in a research note on Thursday, August 25th. They issued a positive rating and a $42.00 price objective for the company. Zacks Investment Research raised shares of LKQ Corp. from a hold rating to a buy rating and set a $40.00 price objective for the company in a research note on Wednesday, September 14th. Finally, Robert W. Baird reissued an outperform rating and set a $36.00 target price on shares of LKQ Corp. in a research report on Tuesday, June 28th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. LKQ Corp. presently has a consensus rating of Buy and an average price target of $38.25.
LKQ Corp. (NASDAQ:LKQ) opened at 33.55 on Wednesday. The firm has a market capitalization of $10.30 billion, a P/E ratio of 23.14 and a beta of 0.72. The company has a 50-day moving average price of $35.32 and a 200-day moving average price of $33.52. LKQ Corp. has a 1-year low of $23.95 and a 1-year high of $36.35.
LKQ Corp. (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.07. LKQ Corp. had a net margin of 5.59% and a return on equity of 15.82%. The business earned $2.45 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the business earned $0.39 EPS. LKQ Corp.’s quarterly revenue was up 33.3% compared to the same quarter last year. On average, equities research analysts predict that LKQ Corp. will post $1.84 earnings per share for the current fiscal year.
In related news, EVP John S. Quinn sold 13,085 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $33.11, for a total value of $433,244.35. Following the sale, the executive vice president now owns 273,272 shares of the company’s stock, valued at $9,048,035.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert L. Wagman sold 20,100 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $34.07, for a total transaction of $684,807.00. Following the completion of the sale, the insider now directly owns 360,456 shares in the company, valued at approximately $12,280,735.92. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Hedge funds have recently bought and sold shares of 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 acquired 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. 89.91% of the stock is currently owned by institutional investors and hedge funds.
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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