LKQ (NASDAQ:LKQ) Price Target Cut to $27.00 by Analysts at JPMorgan Chase & Co.

LKQ (NASDAQ:LKQ) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $30.00 to $27.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 22.67% from the company’s current price.

LKQ has been the topic of several other reports. Barclays dropped their target price on LKQ from $30.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. Robert W. Baird set a $30.00 price target on shares of LKQ in a research note on Friday, July 31st. Stephens cut their price target on shares of LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Weiss Ratings downgraded shares of LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Finally, Raymond James Financial set a $30.00 price objective on LKQ in a report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $30.58.

LKQ Price Performance

LKQ stock traded down $0.02 during trading on Thursday, reaching $22.01. The company had a trading volume of 4,749,209 shares, compared to its average volume of 2,964,854. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.61 and a current ratio of 1.58. LKQ has a 1-year low of $21.17 and a 1-year high of $37.13. The firm has a market capitalization of $5.57 billion, a PE ratio of 12.23 and a beta of 0.87. The firm’s 50-day simple moving average is $24.20 and its 200 day simple moving average is $26.26.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.04). LKQ had a return on equity of 10.84% and a net margin of 3.37%.The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same quarter in the previous year, the business posted $0.87 earnings per share. LKQ’s revenue for the quarter was down 3.0% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. As a group, equities research analysts anticipate that LKQ will post 2.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LKQ

Institutional investors have recently made changes to their positions in the company. Harbor Investment Advisory LLC grew its position in shares of LKQ by 260.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock valued at $26,000 after buying an additional 650 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in LKQ during the 2nd quarter valued at approximately $25,000. Cedar Mountain Advisors LLC bought a new stake in LKQ in the first quarter valued at $28,000. Global Retirement Partners LLC bought a new position in shares of LKQ during the second quarter worth about $25,000. Finally, Essential Partners LLC bought a new position in LKQ in the 1st quarter worth about $30,000. 95.63% of the stock is currently owned by institutional investors.

LKQ Company Profile

LKQ Corporation (NASDAQ:LKQ) is a global distributor of replacement parts, components and accessories for automobiles, trucks and other vehicles. The company supplies collision and mechanical repair businesses, insurers, professional service providers, retailers and do-it-yourself customers with a broad range of products.

Its offerings include new aftermarket parts, recycled original-equipment parts, remanufactured and refurbished components, specialty vehicle equipment, tools and accessories.