LKQ (NASDAQ:LKQ) Sets New 1-Year Low – Time to Sell?

LKQ Corporation (NASDAQ:LKQ) shares reached a new 52-week low during trading on Friday. The company traded as low as $18.50 and last traded at $17.7110, with a volume of 83,773 shares trading hands. The stock had previously closed at $22.47.

Analysts Set New Price Targets

LKQ has been the topic of a number of research reports. Stephens cut their price target on shares of LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Weiss Ratings downgraded shares of LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. Zacks Research cut shares of LKQ from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Raymond James Financial set a $30.00 price objective on LKQ in a research note on Friday, July 31st. Finally, Robert W. Baird set a $30.00 price objective on LKQ in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.58.

LKQ Stock Down 19.6%

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 stock’s 50-day moving average price is $23.72 and its 200-day moving average price is $25.72. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 9.98 and a beta of 0.87.

LKQ (NASDAQ:LKQ) last issued its 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). The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, sell-side analysts expect that LKQ Corporation will post 2.65 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Thursday, August 20th. LKQ’s dividend payout ratio is 66.67%.

Institutional Trading of LKQ

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of LKQ in the 2nd quarter worth about $1,015,096,000. Pzena Investment Management LLC bought a new position in LKQ during the second quarter valued at about $398,696,000. Nykredit A S purchased a new stake in shares of LKQ during the 2nd quarter worth approximately $84,795,000. Bank of New York Mellon Corp bought a new position in LKQ during the second quarter valued at $76,343,000. Finally, Bank of America Corp DE purchased a new stake in LKQ in the 2nd quarter worth about $58,221,000. Institutional investors own 95.63% of the company’s stock.

About LKQ

LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.

LKQ’s operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.