LKQ Corporation $LKQ Shares Purchased by Private Management Group Inc.

Private Management Group Inc. boosted its stake in LKQ Corporation (NASDAQ:LKQ) by 18.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,564,152 shares of the auto parts company’s stock after acquiring an additional 244,141 shares during the period. LKQ comprises approximately 1.1% of Private Management Group Inc.’s portfolio, making the stock its 21st largest position. Private Management Group Inc.’s holdings in LKQ were worth $41,184,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of LKQ during the second quarter worth about $1,015,096,000. Pzena Investment Management LLC purchased a new stake in shares of LKQ in the 2nd quarter valued at about $398,696,000. Bank of New York Mellon Corp purchased a new stake in LKQ in the second quarter valued at approximately $76,343,000. Bank of America Corp DE acquired a new stake in LKQ during the 2nd quarter worth $58,221,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of LKQ during the second quarter worth about $47,649,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Up 2.8%

Shares of NASDAQ:LKQ opened at $25.86 on Thursday. LKQ Corporation has a fifty-two week low of $21.17 and a fifty-two week high of $37.13. The company has a quick ratio of 0.61, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The firm’s 50-day simple moving average is $25.42 and its 200-day simple moving average is $28.31. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 14.37 and a beta of 0.84.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results 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). The firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.48 billion. LKQ had a return on equity of 10.84% and a net margin of 3.37%.The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. As a group, equities research analysts predict that LKQ Corporation will post 2.67 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 20th. This represents a $1.20 annualized dividend and a yield of 4.6%. LKQ’s payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LKQ shares. Zacks Research cut LKQ from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Weiss Ratings cut LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Barclays lowered their target price on LKQ from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, August 3rd. JPMorgan Chase & Co. dropped their target price on LKQ from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Finally, Stephens cut their price target on LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, LKQ has a consensus rating of “Hold” and a consensus target price of $31.08.

LKQ 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.