LKQ Corporation (NASDAQ:LKQ) Receives Average Rating of “Moderate Buy” from Analysts

LKQ Corporation (NASDAQ:LKQ) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $44.3333.

LKQ has been the subject of several analyst reports. Barclays assumed coverage on LKQ in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $33.00 target price for the company. Weiss Ratings restated a “sell (d+)” rating on shares of LKQ in a report on Monday. Wall Street Zen upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Roth Capital reissued a “buy” rating and set a $43.00 price target (down from $46.00) on shares of LKQ in a research report on Monday, November 3rd. Finally, Zacks Research raised shares of LKQ from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th.

Hedge Funds Weigh In On LKQ

Several institutional investors have recently modified their holdings of the business. Public Sector Pension Investment Board raised its holdings in LKQ by 10.0% during the 1st quarter. Public Sector Pension Investment Board now owns 35,254 shares of the auto parts company’s stock worth $1,500,000 after buying an additional 3,210 shares during the period. HighTower Advisors LLC bought a new stake in shares of LKQ during the first quarter worth $296,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of LKQ during the first quarter worth $30,000. Ethic Inc. lifted its position in LKQ by 81.0% in the 1st quarter. Ethic Inc. now owns 27,049 shares of the auto parts company’s stock valued at $1,162,000 after acquiring an additional 12,105 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its stake in LKQ by 25.0% in the 1st quarter. Cresset Asset Management LLC now owns 8,494 shares of the auto parts company’s stock worth $361,000 after purchasing an additional 1,697 shares during the period. Institutional investors own 95.63% of the company’s stock.

LKQ Price Performance

LKQ opened at $29.99 on Wednesday. The company has a fifty day moving average price of $30.12 and a two-hundred day moving average price of $32.29. The firm has a market capitalization of $7.68 billion, a PE ratio of 11.11 and a beta of 0.90. LKQ has a 52 week low of $28.13 and a 52 week high of $44.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.67 and a current ratio of 1.60.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.10. LKQ had a return on equity of 13.45% and a net margin of 4.99%.The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the company earned $0.88 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. LKQ has set its FY 2025 guidance at 3.000-3.150 EPS. As a group, analysts anticipate that LKQ will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Thursday, November 20th. LKQ’s dividend payout ratio is 44.44%.

About LKQ

LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company supplies a broad range of replacement components, including recycled original equipment manufacturer (OEM) parts, aftermarket parts, refurbished and remanufactured items. Its products support collision repair, mechanical repair and performance enhancement needs across passenger cars, heavy trucks and recreational vehicles.

Through a combination of in-house operations and strategic acquisitions, LKQ has developed a comprehensive product portfolio that extends beyond core replacement parts.