LKQ Corp.’s (LKQ) Outperform Rating Reaffirmed at FBR & Co
Several other analysts also recently issued reports on LKQ. Robert W. Baird reiterated an outperform rating and set a $36.00 price target on shares of LKQ Corp. in a research note on Tuesday, June 28th. Zacks Investment Research downgraded LKQ Corp. from a buy rating to a hold rating in a research note on Thursday, August 11th. Finally, Susquehanna began coverage on LKQ Corp. in a research note on Thursday, August 25th. They set a positive rating and a $42.00 price target for the company. Ten analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and a consensus target price of $38.25.
LKQ Corp. (NASDAQ:LKQ) traded down 1.16% during trading on Wednesday, hitting $33.23. The stock had a trading volume of 1,269,195 shares. The firm has a market cap of $10.21 billion, a price-to-earnings ratio of 22.92 and a beta of 0.72. The firm’s 50 day moving average is $35.51 and its 200 day moving average is $33.44. 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 results on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.07. The company earned $2.45 billion during the quarter, compared to the consensus estimate of $2.42 billion. LKQ Corp. had a return on equity of 15.82% and a net margin of 5.59%. The firm’s revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 EPS. On average, analysts anticipate that LKQ Corp. will post $1.84 earnings per share for the current year.
In other news, EVP John S. Quinn sold 13,085 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $33.11, for a total value of $433,244.35. Following the sale, the executive vice president now directly owns 273,272 shares in the company, valued at approximately $9,048,035.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joseph M. Holsten sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $36.00, for a total value of $576,000.00. Following the completion of the sale, the director now owns 280,447 shares in the company, valued at $10,096,092. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. IBM Retirement Fund raised its stake in LKQ Corp. by 0.3% in the second quarter. IBM Retirement Fund now owns 36,165 shares of the company’s stock valued at $1,197,000 after buying an additional 111 shares in the last quarter. Montag & Caldwell LLC raised its stake in LKQ Corp. by 0.3% in the second quarter. Montag & Caldwell LLC now owns 43,483 shares of the company’s stock worth $1,378,000 after buying an additional 150 shares during the period. Panagora Asset Management Inc. raised its stake in LKQ Corp. by 1.3% in the second quarter. Panagora Asset Management Inc. now owns 13,084 shares of the company’s stock worth $415,000 after buying an additional 165 shares during the period. Gerstein Fisher raised its stake in LKQ Corp. by 0.8% in the second quarter. Gerstein Fisher now owns 21,478 shares of the company’s stock worth $681,000 after buying an additional 168 shares during the period. Finally, Independent Portfolio Consultants Inc. raised its stake in LKQ Corp. by 1.6% in the third quarter. Independent Portfolio Consultants Inc. now owns 10,990 shares of the company’s stock worth $390,000 after buying an additional 175 shares during the period. Institutional investors own 89.92% of the company’s stock.
About LKQ Corp.
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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