Shares of LKQ Corp. (NASDAQ:LKQ) have been given a consensus recommendation of “Buy” by the nine ratings firms that are currently covering the company. One investment analyst has rated the stock with a sell recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $38.17.

Several analysts have commented on the company. FBR & Co set a $40.00 price objective on LKQ Corp. and gave the company a “buy” rating in a report on Sunday, October 30th. Zacks Investment Research lowered LKQ Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Susquehanna assumed coverage on LKQ Corp. in a report on Thursday, August 25th. They issued a “positive” rating and a $42.00 price objective on the stock.

Shares of LKQ Corp. (NASDAQ:LKQ) opened at 33.44 on Wednesday. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of 21.86 and a beta of 0.55. The company’s 50-day moving average price is $32.61 and its 200 day moving average price is $33.53. LKQ Corp. has a 12-month low of $23.95 and a 12-month high of $36.35.

LKQ Corp. (NASDAQ:LKQ) last posted its earnings results on Thursday, October 27th. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.46 billion. LKQ Corp. had a return on equity of 16.41% and a net margin of 5.48%. LKQ Corp.’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share. On average, equities analysts predict that LKQ Corp. will post $1.81 earnings per share for the current year.

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Hedge funds have recently modified their holdings of the company. Kalmar Investments Inc. DE raised its stake in shares of LKQ Corp. by 5.2% in the second quarter. Kalmar Investments Inc. DE now owns 1,271,874 shares of the company’s stock worth $40,318,000 after buying an additional 63,061 shares in the last quarter. GW&K Investment Management LLC increased its position in shares of LKQ Corp. by 16.5% in the second quarter. GW&K Investment Management LLC now owns 377,741 shares of the company’s stock worth $11,974,000 after buying an additional 53,545 shares during the last quarter. Ballentine Partners LLC bought a new position in shares of LKQ Corp. during the second quarter worth approximately $11,241,000. Strs Ohio increased its position in shares of LKQ Corp. by 0.9% in the second quarter. Strs Ohio now owns 1,339,403 shares of the company’s stock worth $42,459,000 after buying an additional 11,868 shares during the last quarter. Finally, Ngam Advisors L.P. increased its position in shares of LKQ Corp. by 38.8% in the second quarter. Ngam Advisors L.P. now owns 933,259 shares of the company’s stock worth $29,584,000 after buying an additional 260,917 shares during the last quarter. 89.22% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:LKQ

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