Analysts Set LKQ Corporation (NASDAQ:LKQ) PT at $44.33

LKQ Corporation (NASDAQ:LKQ) has received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $44.3333.

Several brokerages recently issued reports on LKQ. Weiss Ratings reiterated a “sell (d+)” rating on shares of LKQ in a research note on Monday, December 29th. Zacks Research upgraded LKQ from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Wall Street Zen downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Stephens started coverage on shares of LKQ in a research note on Tuesday, December 9th. They issued an “overweight” rating and a $39.00 target price on the stock. Finally, Barclays initiated coverage on shares of LKQ in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $33.00 price target for the company.

LKQ Stock Performance

LKQ stock opened at $33.51 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.67 and a current ratio of 1.60. The firm’s fifty day moving average price is $30.53 and its 200-day moving average price is $31.56. LKQ has a fifty-two week low of $28.13 and a fifty-two week high of $44.82. The stock has a market cap of $8.58 billion, a P/E ratio of 12.41 and a beta of 0.91.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 30th. The auto parts company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.10. LKQ had a net margin of 4.99% and a return on equity of 13.45%. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter last year, the company earned $0.88 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. LKQ has set its FY 2025 guidance at 3.000-3.150 EPS. On average, equities research analysts expect that LKQ will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 20th. This represents a $1.20 annualized dividend and a dividend yield of 3.6%. LKQ’s payout ratio is currently 44.44%.

Institutional Investors Weigh In On LKQ

Several institutional investors have recently modified their holdings of the business. Captrust Financial Advisors boosted its holdings in LKQ by 0.4% in the third quarter. Captrust Financial Advisors now owns 84,939 shares of the auto parts company’s stock worth $2,594,000 after purchasing an additional 377 shares during the last quarter. Rossby Financial LCC boosted 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 worth $27,000 after buying an additional 542 shares during the last quarter. Motley Fool Asset Management LLC grew its holdings in shares of LKQ by 9.2% in the second quarter. Motley Fool Asset Management LLC now owns 7,200 shares of the auto parts company’s stock worth $266,000 after acquiring an additional 606 shares during the period. Anchor Investment Management LLC increased its position in LKQ by 6.3% during the second quarter. Anchor Investment Management LLC now owns 11,859 shares of the auto parts company’s stock valued at $439,000 after acquiring an additional 701 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in LKQ by 226.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,100 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 763 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

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.