122,110 Shares in LKQ Corporation $LKQ Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. purchased a new stake in shares of LKQ Corporation (NASDAQ:LKQ) during the 2nd quarter, HoldingsChannel reports. The firm purchased 122,110 shares of the auto parts company’s stock, valued at approximately $3,215,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of LKQ in the second quarter worth about $1,015,096,000. Seizert Capital Partners LLC increased its holdings in LKQ by 30.1% in the 4th quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock worth $65,797,000 after buying an additional 503,998 shares during the period. Applied Finance Capital Management LLC raised its position in LKQ by 11.0% during the 1st quarter. Applied Finance Capital Management LLC now owns 662,216 shares of the auto parts company’s stock worth $19,449,000 after buying an additional 65,534 shares during the last quarter. Rice Hall James & Associates LLC acquired a new stake in LKQ during the 2nd quarter valued at approximately $17,859,000. Finally, Pzena Investment Management LLC purchased a new stake in shares of LKQ in the 2nd quarter valued at $398,696,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on LKQ shares. JPMorgan Chase & Co. reduced their target price on shares of LKQ from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Raymond James Financial set a $30.00 price objective on LKQ in a research note on Friday, July 31st. Barclays lowered their target price on LKQ from $30.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, August 3rd. Zacks Research downgraded LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Finally, Robert W. Baird set a $30.00 target price on shares of LKQ in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.08.

LKQ Price Performance

Shares of LKQ stock opened at $25.37 on Wednesday. The firm has a market cap of $6.42 billion, a PE ratio of 14.09 and a beta of 0.84. LKQ Corporation has a twelve month low of $21.17 and a twelve month high of $37.13. The company has a quick ratio of 0.61, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $25.39 and a 200 day moving average price of $28.10.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data 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 business had revenue of $3.41 billion during 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 firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Sell-side analysts predict that LKQ Corporation will post 2.67 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed 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 4.7%. LKQ’s dividend payout ratio is currently 66.67%.

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.