Somewhat Positive Press Coverage Somewhat Unlikely to Impact LKQ Corporation (LKQ) Share Price
Media coverage about LKQ Corporation (NASDAQ:LKQ) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. LKQ Corporation earned a news impact score of 0.11 on Accern’s scale. Accern also gave news headlines about the auto parts company an impact score of 46.1905794259217 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
LKQ Corporation (NASDAQ LKQ) opened at 34.91 on Friday. The firm’s 50-day moving average is $34.49 and its 200-day moving average is $31.98. LKQ Corporation has a 12 month low of $27.85 and a 12 month high of $35.86. The stock has a market capitalization of $10.78 billion, a P/E ratio of 21.89 and a beta of 0.83.
LKQ Corporation (NASDAQ:LKQ) last released its earnings results on Thursday, July 27th. The auto parts company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. LKQ Corporation had a return on equity of 15.74% and a net margin of 5.31%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the firm posted $0.55 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts expect that LKQ Corporation will post $1.88 earnings per share for the current fiscal year.
LKQ has been the topic of a number of research analyst reports. BidaskClub raised shares of LKQ Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research downgraded shares of LKQ Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Northcoast Research downgraded shares of LKQ Corporation from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 25th. Stifel Nicolaus reissued a “buy” rating and set a $37.00 price objective on shares of LKQ Corporation in a research report on Thursday, July 6th. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and set a $40.00 price objective (up from $38.00) on shares of LKQ Corporation in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $39.20.
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In other news, VP Victor M. Casini sold 25,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $33.40, for a total transaction of $835,000.00. Following the transaction, the vice president now owns 213,884 shares in the company, valued at $7,143,725.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director A Clinton Allen sold 16,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $32.92, for a total value of $526,720.00. Following the transaction, the director now owns 196,083 shares in the company, valued at approximately $6,455,052.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,230 shares of company stock worth $1,634,545. Insiders own 1.10% of the company’s stock.
LKQ Corporation Company Profile
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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