LKQ (LKQ) Getting Somewhat Favorable News Coverage, Report Shows
Media stories about LKQ (NASDAQ:LKQ) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. LKQ earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media headlines about the auto parts company an impact score of 45.679763263501 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of LKQ (NASDAQ:LKQ) opened at 36.76 on Thursday. The stock has a market capitalization of $11.32 billion, a PE ratio of 24.59 and a beta of 0.85. The stock has a 50 day moving average of $34.96 and a 200 day moving average of $32.37. LKQ has a 52-week low of $27.85 and a 52-week high of $36.76.
LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. LKQ had a net margin of 6.10% and a return on equity of 16.22%. The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Analysts forecast that LKQ will post $1.88 earnings per share for the current year.
LKQ has been the topic of a number of recent analyst reports. Northcoast Research lowered shares of LKQ from a “buy” rating to a “neutral” rating in a report on Tuesday, July 25th. Jefferies Group LLC reissued a “buy” rating and issued a $37.00 price target on shares of LKQ in a report on Wednesday, August 9th. BidaskClub cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $37.00 target price on shares of LKQ in a research report on Thursday, July 6th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $40.00 target price (up from $38.00) on shares of LKQ in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. LKQ has an average rating of “Buy” and a consensus target price of $40.20.
In other LKQ news, EVP John S. Quinn sold 8,230 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $33.15, for a total transaction of $272,824.50. Following the completion of the sale, the executive vice president now directly owns 254,726 shares of the company’s stock, valued at $8,444,166.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Victor M. Casini sold 25,000 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $33.40, for a total transaction of $835,000.00. Following the sale, the vice president now directly owns 213,884 shares of the company’s stock, valued at $7,143,725.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,230 shares of company stock valued at $1,634,545. 1.10% of the stock is owned by insiders.
LKQ 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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