Jupiter Topco LLC Purchases Shares of 1,419,058 LKQ Corporation $LKQ

Jupiter Topco LLC acquired a new position in shares of LKQ Corporation (NASDAQ:LKQ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,419,058 shares of the auto parts company’s stock, valued at approximately $37,363,000. Jupiter Topco LLC owned approximately 0.56% of LKQ as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LKQ. Global Retirement Partners LLC bought a new position in LKQ during the 2nd quarter worth about $25,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of LKQ in the 2nd quarter valued at about $25,000. Harbor Investment Advisory LLC lifted its holdings in shares of LKQ by 260.0% in the first quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 650 shares in the last quarter. Cedar Mountain Advisors LLC bought a new stake in shares of LKQ in the first quarter valued at about $28,000. Finally, Essential Partners LLC acquired a new position in shares of LKQ during the first quarter worth about $30,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Stock Performance

LKQ opened at $25.36 on Friday. LKQ Corporation has a 52-week low of $21.17 and a 52-week high of $37.13. The firm has a market capitalization of $6.42 billion, a PE ratio of 14.09 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.61 and a current ratio of 1.58. The business’s 50-day simple moving average is $25.39 and its 200 day simple moving average is $27.97.

LKQ (NASDAQ:LKQ) last issued its quarterly 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 analyst estimates of $3.48 billion. LKQ had a net margin of 3.37% and a return on equity of 10.84%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the company 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 expect that LKQ Corporation will post 2.67 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. LKQ’s dividend payout ratio (DPR) is currently 66.67%.

Analyst Upgrades and Downgrades

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

About LKQ

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.