Analysts Set LKQ Corporation (NASDAQ:LKQ) PT at $45.40

LKQ Corporation (NASDAQ:LKQ) has earned an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $45.40.

A number of analysts have weighed in on the stock. Barclays assumed coverage on shares of LKQ in a report on Tuesday, November 11th. They set an “equal weight” rating and a $33.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LKQ in a research report on Monday. Roth Capital reiterated a “buy” rating and set a $43.00 price objective (down previously from $46.00) on shares of LKQ in a research note on Monday, November 3rd. Finally, Zacks Research raised shares of LKQ from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th.

LKQ Trading Up 0.4%

NASDAQ:LKQ opened at $29.69 on Friday. The company has a market cap of $7.60 billion, a PE ratio of 10.87 and a beta of 0.91. The business’s 50 day moving average is $30.27 and its two-hundred day moving average is $33.71. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. LKQ has a 52 week low of $28.42 and a 52 week high of $44.82.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.10. LKQ had a return on equity of 13.85% and a net margin of 5.04%.The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period in the prior year, the company posted $0.88 EPS. The business’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, analysts predict that LKQ will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. LKQ’s payout ratio is currently 44.44%.

Institutional Investors Weigh In On LKQ

A number of hedge funds have recently added to or reduced their stakes in LKQ. Captrust Financial Advisors grew its position in shares of LKQ by 0.4% during the third quarter. Captrust Financial Advisors now owns 84,939 shares of the auto parts company’s stock worth $2,594,000 after acquiring an additional 377 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in LKQ by 10.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,062 shares of the auto parts company’s stock valued at $173,000 after purchasing an additional 379 shares during the period. Smartleaf Asset Management LLC grew its position in LKQ by 13.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,348 shares of the auto parts company’s stock worth $139,000 after purchasing an additional 397 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in LKQ by 2.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 20,016 shares of the auto parts company’s stock worth $852,000 after purchasing an additional 405 shares during the last quarter. Finally, Commerce Bank increased its stake in shares of LKQ by 2.7% in the first quarter. Commerce Bank now owns 18,782 shares of the auto parts company’s stock valued at $799,000 after purchasing an additional 492 shares during the period. 95.63% of the stock is currently owned by institutional investors.

LKQ Company Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; 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.