Wall Street Zen Downgrades LKQ (NASDAQ:LKQ) to Hold

LKQ (NASDAQ:LKQ) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other analysts also recently weighed in on the company. Stephens initiated coverage on LKQ in a research note on Tuesday, December 9th. They set an “overweight” rating and a $39.00 target price for the company. Zacks Research lowered LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Barclays set a $34.00 price objective on shares of LKQ in a research note on Friday. Weiss Ratings reiterated a “sell (d+)” rating on shares of LKQ in a research note on Monday, December 29th. Finally, Roth Mkm reissued a “buy” rating and issued a $43.00 price target (down from $46.00) on shares of LKQ in a report on Monday, November 3rd. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.50.

LKQ Price Performance

NASDAQ LKQ opened at $33.29 on Friday. LKQ has a 1 year low of $28.13 and a 1 year high of $44.82. The company has a fifty day simple moving average of $32.49 and a 200 day simple moving average of $31.28. The company has a current ratio of 1.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.55. The company has a market cap of $8.49 billion, a P/E ratio of 14.11 and a beta of 0.91.

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 firm had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same period in the prior year, the firm earned $0.80 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. On average, sell-side analysts predict that LKQ will post 3.57 EPS for the current year.

Hedge Funds Weigh In On LKQ

A number of hedge funds have recently made changes to their positions in LKQ. Captrust Financial Advisors boosted its position in shares of LKQ by 0.4% during the 3rd quarter. Captrust Financial Advisors now owns 84,939 shares of the auto parts company’s stock valued at $2,594,000 after acquiring an additional 377 shares in the last quarter. Rossby Financial LCC grew its stake in shares of LKQ by 159.4% in the 3rd quarter. Rossby Financial LCC now owns 882 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 542 shares during the period. Motley Fool Asset Management LLC grew its stake in shares of LKQ by 9.2% in the 2nd quarter. Motley Fool Asset Management LLC now owns 7,200 shares of the auto parts company’s stock valued at $266,000 after purchasing an additional 606 shares during the period. Anchor Investment Management LLC raised its holdings in shares of LKQ by 6.3% in the 2nd quarter. Anchor Investment Management LLC now owns 11,859 shares of the auto parts company’s stock worth $439,000 after buying an additional 701 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of LKQ by 2.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,476 shares of the auto parts company’s stock worth $1,339,000 after buying an additional 807 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

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.