LKQ Corporation (LKQ) Receives Consensus Recommendation of “Buy” from Analysts
LKQ Corporation (NASDAQ:LKQ) has earned a consensus rating of “Buy” from the nine brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $39.20.
A number of research firms recently weighed in on LKQ. BidaskClub upgraded LKQ Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $40.00 price objective (up previously from $38.00) on shares of LKQ Corporation in a research report on Monday, July 31st. Jefferies Group LLC reiterated a “buy” rating and set a $37.00 price objective on shares of LKQ Corporation in a research report on Wednesday, August 9th. Northcoast Research cut LKQ Corporation from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research cut LKQ Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th.
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In other LKQ Corporation news, Director Guhan Subramanian acquired 4,000 shares of LKQ Corporation stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average cost of $33.96 per share, with a total value of $135,840.00. Following the completion of the purchase, the director now directly owns 23,811 shares of the company’s stock, valued at approximately $808,621.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A Clinton Allen sold 16,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $32.92, for a total value of $526,720.00. Following the completion of the sale, the director now directly owns 196,083 shares in the company, valued at $6,455,052.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,230 shares of company stock worth $2,274,745. 1.10% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Israel Discount Bank of New York acquired a new stake in LKQ Corporation during the first quarter valued at $102,000. Global X Management Co. LLC raised its stake in LKQ Corporation by 29.3% in the first quarter. Global X Management Co. LLC now owns 4,985 shares of the auto parts company’s stock valued at $146,000 after buying an additional 1,129 shares during the period. Pacer Advisors Inc. raised its stake in LKQ Corporation by 3.5% in the first quarter. Pacer Advisors Inc. now owns 5,387 shares of the auto parts company’s stock valued at $158,000 after buying an additional 181 shares during the period. State of Alaska Department of Revenue acquired a new stake in LKQ Corporation during the first quarter valued at $210,000. Finally, Bell Bank raised its stake in LKQ Corporation by 4.1% in the first quarter. Bell Bank now owns 7,220 shares of the auto parts company’s stock valued at $211,000 after buying an additional 285 shares during the period. 92.72% of the stock is currently owned by institutional investors and hedge funds.
LKQ Corporation (NASDAQ:LKQ) traded up 0.80% during midday trading on Wednesday, reaching $34.19. 395,911 shares of the company’s stock traded hands. LKQ Corporation has a 52 week low of $27.85 and a 52 week high of $36.35. The stock has a market capitalization of $10.56 billion, a price-to-earnings ratio of 21.44 and a beta of 0.84. The company’s 50-day moving average price is $33.58 and its 200 day moving average price is $31.61.
LKQ Corporation (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, July 27th. The auto parts company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. LKQ Corporation had a return on equity of 15.74% and a net margin of 5.31%. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the prior year, the business earned $0.55 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities research analysts expect that LKQ Corporation will post $1.88 earnings per share for the current year.
LKQ Corporation Company Profile
LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.
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