JPMorgan Chase & Co. Cuts LKQ (NASDAQ:LKQ) Price Target to $37.00

LKQ (NASDAQ:LKQ) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from $40.00 to $37.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 10.94% from the stock’s previous close.

LKQ has been the topic of a number of other reports. Zacks Research lowered shares of LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Stephens began coverage on shares of LKQ in a research note on Tuesday, December 9th. They set an “overweight” rating and a $39.00 price target for the company. Barclays set a $34.00 price target on LKQ in a report on Friday. Roth Mkm restated a “buy” rating and set a $43.00 target price (down from $46.00) on shares of LKQ in a research report on Monday, November 3rd. Finally, Wall Street Zen downgraded LKQ from a “buy” rating to a “hold” rating in a research note on Sunday. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $42.50.

LKQ Price Performance

Shares of NASDAQ:LKQ traded down $0.75 during trading on Monday, reaching $33.35. The stock had a trading volume of 842,042 shares, compared to its average volume of 2,757,103. The business has a fifty day moving average price of $32.44 and a 200-day moving average price of $31.26. The stock has a market cap of $8.51 billion, a PE ratio of 14.15 and a beta of 0.91. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.58 and a current ratio of 1.67. LKQ has a 1-year low of $28.13 and a 1-year high of $44.82.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, February 19th. The auto parts company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.06). LKQ had a return on equity of 12.29% and a net margin of 4.36%.The business had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period last year, the business earned $0.80 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. On average, equities analysts forecast that LKQ will post 3.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Seizert Capital Partners LLC grew its position in shares of LKQ by 30.1% during the fourth quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock worth $65,797,000 after acquiring an additional 503,998 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of LKQ by 3,046.7% in the 4th quarter. SG Americas Securities LLC now owns 270,525 shares of the auto parts company’s stock valued at $8,170,000 after purchasing an additional 261,928 shares during the period. Entropy Technologies LP acquired a new position in LKQ in the 4th quarter worth approximately $3,158,000. Kennedy Capital Management LLC grew its stake in LKQ by 41.2% in the third quarter. Kennedy Capital Management LLC now owns 314,467 shares of the auto parts company’s stock valued at $9,604,000 after purchasing an additional 91,776 shares in the last quarter. Finally, Thompson Investment Management Inc. increased its stake in shares of LKQ by 25.2% during the 3rd quarter. Thompson Investment Management Inc. now owns 328,247 shares of the auto parts company’s stock worth $10,025,000 after purchasing an additional 66,069 shares during the last quarter. 95.63% of the stock is 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.