LKQ (LKQ) Downgraded to C+ at TheStreet

TheStreet cut shares of LKQ (NASDAQ:LKQ) from a b- rating to a c+ rating in a report published on Friday morning, TheStreetRatingsTable reports.

Several other equities analysts have also weighed in on LKQ. BidaskClub lowered shares of LKQ from a hold rating to a sell rating in a research report on Thursday, January 24th. William Blair lowered shares of LKQ from an outperform rating to a market perform rating in a research report on Friday, January 18th. Zacks Investment Research raised shares of LKQ from a sell rating to a hold rating in a research report on Tuesday, February 5th. ValuEngine raised shares of LKQ from a strong sell rating to a sell rating in a research report on Wednesday, March 6th. Finally, Guggenheim raised shares of LKQ from a neutral rating to a buy rating and set a $33.00 price objective on the stock in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $37.20.

NASDAQ LKQ opened at $26.78 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.99 and a current ratio of 2.36. LKQ has a 1 year low of $22.74 and a 1 year high of $36.10. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 0.88 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, April 25th. The auto parts company reported $0.56 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56. LKQ had a net margin of 3.47% and a return on equity of 14.39%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the prior year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. Equities research analysts anticipate that LKQ will post 2.38 EPS for the current year.

In related news, Director Robert M. Hanser sold 1,131 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $27.93, for a total transaction of $31,588.83. Following the transaction, the director now directly owns 13,923 shares of the company’s stock, valued at $388,869.39. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John S. Quinn sold 6,861 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $27.63, for a total transaction of $189,569.43. Following the transaction, the executive vice president now directly owns 241,563 shares in the company, valued at $6,674,385.69. The disclosure for this sale can be found here. 0.71% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in LKQ. Mirae Asset Global Investments Co. Ltd. grew its stake in LKQ by 11.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,987 shares of the auto parts company’s stock worth $949,000 after buying an additional 4,128 shares in the last quarter. Lunia Capital LP grew its stake in LKQ by 2,163.3% during the fourth quarter. Lunia Capital LP now owns 16,297,811 shares of the auto parts company’s stock worth $16,298,000 after buying an additional 15,577,728 shares in the last quarter. Courant Investment Management LLC grew its stake in LKQ by 8.9% during the fourth quarter. Courant Investment Management LLC now owns 329,559 shares of the auto parts company’s stock worth $7,820,000 after buying an additional 27,000 shares in the last quarter. Creative Planning acquired a new stake in LKQ during the first quarter worth about $260,000. Finally, Bank of America Corp DE grew its stake in LKQ by 34.0% during the fourth quarter. Bank of America Corp DE now owns 975,422 shares of the auto parts company’s stock worth $23,147,000 after buying an additional 247,407 shares in the last quarter. 93.03% of the stock is currently owned by institutional investors and hedge funds.

LKQ Company Profile

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.

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Analyst Recommendations for LKQ (NASDAQ:LKQ)

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