LKQ (NASDAQ:LKQ) Stock Gets Price Target Cut from JPMorgan Chase & Co.

LKQ (NASDAQ:LKQ) had its target price decreased by JPMorgan Chase & Co. from $30.00 to $27.00 in a research report released on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the auto parts company’s stock.

Several other research firms have also recently commented on LKQ. Roth Capital set a $35.00 target price on LKQ in a research note on Monday, August 3rd. Zacks Research lowered LKQ from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Raymond James Financial set a $30.00 price target on LKQ in a report on Friday, July 31st. Barclays lowered their price objective on LKQ from $30.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. Finally, Stephens cut their target price on shares of LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, LKQ presently has an average rating of “Hold” and an average target price of $30.58.

LKQ Price Performance

Shares of LKQ stock opened at $21.84 on Thursday. LKQ has a 1 year low of $21.17 and a 1 year high of $37.13. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52. The firm’s 50 day moving average is $24.18 and its 200-day moving average is $26.19. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 12.13 and a beta of 0.87.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). LKQ had a net margin of 3.37% and a return on equity of 10.84%. The company had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same period in the prior year, the business earned $0.87 EPS. The business’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. Sell-side analysts forecast that LKQ will post 2.65 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.5%. LKQ’s dividend payout ratio is 66.67%.

Institutional Investors Weigh In On LKQ

A number of institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new position in LKQ in the second quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. bought a new position in LKQ during the second quarter worth about $25,000. 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 worth $26,000 after buying an additional 650 shares during the period. Cedar Mountain Advisors LLC acquired a new position in shares of LKQ during the 1st quarter worth about $28,000. Finally, Essential Partners LLC bought a new stake in shares of LKQ in the 1st quarter valued at about $30,000. 95.63% of the stock is owned by institutional investors and hedge funds.

About LKQ

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.