LKQ (NASDAQ:LKQ) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of LKQ (NASDAQ:LKQ) from a hold rating to a strong sell rating in a research note released on Monday morning,Zacks.com reports.

Several other research analysts have also weighed in on LKQ. Raymond James Financial set a $30.00 target price on shares of LKQ in a research report on Friday. Stephens reduced their price target on shares of LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Roth Capital set a $35.00 price target on LKQ in a report on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LKQ in a research note on Friday. Finally, Barclays reduced their price objective on LKQ from $30.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, LKQ currently has a consensus rating of “Hold” and a consensus price target of $31.08.

LKQ Trading Up 4.9%

Shares of LKQ stock opened at $24.49 on Monday. The business’s fifty day moving average price is $25.64 and its 200 day moving average price is $28.97. The firm has a market capitalization of $6.20 billion, a PE ratio of 13.61 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 0.61. LKQ has a 1-year low of $21.17 and a 1-year high of $37.13.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, July 30th. The auto parts company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.04). The company 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%.LKQ’s revenue for the quarter was down 3.0% on a year-over-year basis. 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. As a group, sell-side analysts forecast that LKQ will post 2.68 EPS for the current fiscal year.

LKQ Dividend Announcement

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 dividend on an annualized basis and a yield of 4.9%. LKQ’s payout ratio is presently 66.67%.

Institutional Trading of LKQ

Several large investors have recently modified their holdings of the business. Captrust Financial Advisors increased its stake in shares of LKQ by 0.4% during the 3rd quarter. Captrust Financial Advisors now owns 84,939 shares of the auto parts company’s stock worth $2,594,000 after purchasing an additional 377 shares in the last quarter. Harbor Investment Advisory LLC lifted its stake in LKQ by 260.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock valued at $26,000 after buying an additional 650 shares in the last quarter. Root Financial Partners LLC grew its holdings in LKQ by 142.4% during the 1st quarter. Root Financial Partners LLC now owns 1,217 shares of the auto parts company’s stock valued at $36,000 after buying an additional 715 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in LKQ by 2.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,476 shares of the auto parts company’s stock worth $1,339,000 after buying an additional 807 shares in the last quarter. Finally, Cedar Mountain Advisors LLC purchased a new position in LKQ during the first quarter worth $28,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

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.