LKQ Corporation $LKQ Stake Increased by Foundation Resource Management Inc.

Foundation Resource Management Inc. grew its stake in LKQ Corporation (NASDAQ:LKQ) by 35.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 817,292 shares of the auto parts company’s stock after acquiring an additional 213,868 shares during the quarter. LKQ comprises approximately 1.5% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 19th biggest position. Foundation Resource Management Inc.’s holdings in LKQ were worth $18,659,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Global Retirement Partners LLC acquired a new position in shares of LKQ during the 2nd quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of LKQ in the second quarter valued at about $25,000. Harbor Investment Advisory LLC grew its holdings in shares of LKQ by 260.0% in the first quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 650 shares during the period. Cedar Mountain Advisors LLC acquired a new stake in LKQ during the first quarter worth about $28,000. Finally, Essential Partners LLC acquired a new stake in LKQ during the first quarter worth about $30,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Trading Down 3.2%

NASDAQ:LKQ traded down $0.71 on Monday, reaching $21.52. The company’s stock had a trading volume of 3,980,267 shares, compared to its average volume of 2,988,370. LKQ Corporation has a 12-month low of $21.17 and a 12-month high of $37.13. The stock has a 50 day moving average price of $23.96 and a 200 day moving average price of $25.92. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 11.96 and a beta of 0.87. The company has a quick ratio of 0.61, a current ratio of 1.58 and a debt-to-equity ratio of 0.52.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.48 billion. LKQ had a return on equity of 10.84% and a net margin of 3.37%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, equities analysts anticipate that LKQ Corporation will post 2.65 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.6%. The ex-dividend date was Thursday, August 20th. LKQ’s payout ratio is 66.67%.

Wall Street Analyst Weigh In

LKQ has been the topic of a number of analyst reports. Weiss Ratings downgraded shares of LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. Robert W. Baird set a $30.00 price target on shares of LKQ in a research note on Friday, July 31st. Zacks Research cut shares of LKQ from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Barclays cut their price target on shares of LKQ from $30.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, August 3rd. Finally, Raymond James Financial set a $30.00 price target on shares of LKQ in a research report on Friday, July 31st. Three investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.58.

LKQ Company Profile

LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.

LKQ’s operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.