Analysts Set LKQ Co. (NASDAQ:LKQ) PT at $35.00

Shares of LKQ Co. (NASDAQ:LKQ) have received a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $35.00.

Several research firms recently issued reports on LKQ. Zacks Investment Research lowered shares of LKQ from a “hold” rating to a “sell” rating and set a $29.00 target price on the stock. in a report on Friday, July 26th. Barrington Research set a $43.00 target price on shares of LKQ and gave the company a “buy” rating in a report on Monday, April 22nd. Raymond James lowered shares of LKQ from an “outperform” rating to a “market perform” rating in a report on Friday, July 26th. ValuEngine lowered shares of LKQ from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. Finally, TheStreet lowered shares of LKQ from a “b-” rating to a “c+” rating in a report on Friday, May 10th.

In other LKQ news, Director Robert M. Hanser sold 1,131 shares of LKQ stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $27.93, for a total value of $31,588.83. Following the completion of the sale, 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 at the SEC website. Also, EVP John S. Quinn sold 10,721 shares of LKQ stock in a transaction on Monday, July 15th. The shares were sold at an average price of $27.04, for a total transaction of $289,895.84. Following the completion of the sale, the executive vice president now directly owns 254,674 shares of the company’s stock, valued at $6,886,384.96. The disclosure for this sale can be found here. Insiders own 0.71% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC increased its position in shares of LKQ by 13.3% during the first quarter. FMR LLC now owns 11,329,024 shares of the auto parts company’s stock worth $321,518,000 after acquiring an additional 1,329,633 shares in the last quarter. Geode Capital Management LLC increased its position in shares of LKQ by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 4,266,318 shares of the auto parts company’s stock worth $101,069,000 after acquiring an additional 316,437 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of LKQ by 14.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,776,182 shares of the auto parts company’s stock worth $89,622,000 after acquiring an additional 485,510 shares in the last quarter. International Value Advisers LLC bought a new stake in shares of LKQ during the first quarter worth about $93,177,000. Finally, FIL Ltd increased its position in shares of LKQ by 41.6% during the first quarter. FIL Ltd now owns 2,176,787 shares of the auto parts company’s stock worth $61,777,000 after acquiring an additional 639,246 shares in the last quarter. 89.61% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:LKQ traded down $0.63 during mid-day trading on Wednesday, reaching $24.92. 26,026 shares of the company’s stock were exchanged, compared to its average volume of 2,993,888. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 0.84 and a beta of 1.33. The firm’s fifty day simple moving average is $26.46. The company has a quick ratio of 0.94, a current ratio of 2.20 and a debt-to-equity ratio of 1.03. LKQ has a twelve month low of $22.74 and a twelve month high of $34.74.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.28 billion. LKQ had a net margin of 3.36% and a return on equity of 14.54%. LKQ’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. Sell-side analysts anticipate that LKQ will post 2.34 EPS for the current fiscal year.

About LKQ

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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