JPMorgan Chase & Co. Has Lowered Expectations for LKQ (NASDAQ:LKQ) Stock Price

LKQ (NASDAQ:LKQ) had its price target dropped by JPMorgan Chase & Co. from $40.00 to $37.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 10.94% from the company’s current price.

A number of other brokerages have also commented on LKQ. Weiss Ratings reiterated a “sell (d+)” rating on shares of LKQ in a research report on Monday, December 29th. Zacks Research lowered shares of LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Barclays set a $34.00 price objective on LKQ in a report on Friday. Stephens assumed coverage on LKQ in a research report on Tuesday, December 9th. They set an “overweight” rating and a $39.00 target price for the company. Finally, Wall Street Zen downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Sunday. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, LKQ has a consensus rating of “Hold” and a consensus price target of $42.50.

LKQ Price Performance

NASDAQ:LKQ traded down $0.75 during trading hours on Monday, reaching $33.35. The company had a trading volume of 842,042 shares, compared to its average volume of 2,757,103. The firm has a market capitalization of $8.51 billion, a PE ratio of 14.15 and a beta of 0.91. The stock has a 50-day moving average of $32.44 and a two-hundred day moving average of $31.26. LKQ has a one year low of $28.13 and a one year high of $44.82. The company has a quick ratio of 0.58, a current ratio of 1.67 and a debt-to-equity ratio of 0.55.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, February 19th. The auto parts company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.06). LKQ had a net margin of 4.36% and a return on equity of 12.29%. The business had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. Analysts forecast that LKQ will post 3.57 earnings per share for the current year.

Institutional Trading of LKQ

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Applied Finance Capital Management LLC grew its stake in shares of LKQ by 6.1% in the third quarter. Applied Finance Capital Management LLC now owns 536,345 shares of the auto parts company’s stock valued at $16,380,000 after buying an additional 31,042 shares in the last quarter. Rhumbline Advisers grew its holdings in LKQ by 4.7% during the second quarter. Rhumbline Advisers now owns 535,387 shares of the auto parts company’s stock worth $19,815,000 after purchasing an additional 23,835 shares during the period. Thompson Investment Management Inc. increased its position in LKQ by 25.2% during the third quarter. Thompson Investment Management Inc. now owns 328,247 shares of the auto parts company’s stock worth $10,025,000 after buying an additional 66,069 shares during the last quarter. SG Americas Securities LLC boosted its position in LKQ by 106.8% during the second quarter. SG Americas Securities LLC now owns 26,567 shares of the auto parts company’s stock worth $983,000 after purchasing an additional 13,723 shares during the period. Finally, Goodman Financial Corp lifted its position in LKQ by 9.9% during the third quarter. Goodman Financial Corp now owns 355,108 shares of the auto parts company’s stock worth $10,845,000 after acquiring an additional 31,857 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

LKQ Company Profile

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.