LKQ Co. (NASDAQ:LKQ) shares hit a new 52-week low on Monday . The stock traded as low as $24.23 and last traded at $24.63, with a volume of 114880 shares traded. The stock had previously closed at $24.60.

LKQ has been the topic of several research analyst reports. Raymond James dropped their target price on LKQ from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, October 10th. Barrington Research restated a “buy” rating and set a $45.00 target price on shares of LKQ in a research note on Monday, October 22nd. TheStreet downgraded LKQ from a “b-” rating to a “c+” rating in a research note on Tuesday, October 23rd. Zacks Investment Research cut LKQ from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Finally, ValuEngine raised LKQ from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Three analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $43.14.

The company has a quick ratio of 1.04, a current ratio of 2.65 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $7.83 billion, a P/E ratio of 13.06, a PEG ratio of 0.74 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, October 25th. The auto parts company reported $0.56 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.56. LKQ had a return on equity of 14.55% and a net margin of 5.01%. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.12 billion. On average, research analysts predict that LKQ Co. will post 2.21 earnings per share for the current year.

LKQ announced that its Board of Directors has approved a share buyback program on Thursday, October 25th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the auto parts company to reacquire up to 5.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

In related news, insider Dominick P. Zarcone acquired 2,000 shares of the firm’s stock in a transaction dated Friday, October 26th. The stock was acquired at an average price of $26.55 per share, with a total value of $53,100.00. Following the acquisition, the insider now directly owns 259,080 shares in the company, valued at approximately $6,878,574. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Varun Laroyia acquired 1,000 shares of the firm’s stock in a transaction dated Friday, October 26th. The stock was bought at an average cost of $26.50 per share, with a total value of $26,500.00. Following the acquisition, the vice president now owns 75,673 shares in the company, valued at $2,005,334.50. The disclosure for this purchase can be found here. Insiders own 0.80% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc lifted its holdings in shares of LKQ by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 30,855,717 shares of the auto parts company’s stock valued at $977,201,000 after buying an additional 810,901 shares during the period. BlackRock Inc. lifted its holdings in shares of LKQ by 4.6% in the 3rd quarter. BlackRock Inc. now owns 19,909,212 shares of the auto parts company’s stock valued at $630,523,000 after buying an additional 866,735 shares during the period. Capital World Investors acquired a new position in shares of LKQ in the 3rd quarter valued at about $288,862,000. JPMorgan Chase & Co. lifted its holdings in shares of LKQ by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,938,421 shares of the auto parts company’s stock valued at $188,070,000 after buying an additional 181,633 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of LKQ by 26.5% in the 3rd quarter. Nordea Investment Management AB now owns 5,075,225 shares of the auto parts company’s stock valued at $160,732,000 after buying an additional 1,062,738 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

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About LKQ (NASDAQ:LKQ)

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.

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