LKQ (NASDAQ:LKQ) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities analysts have also recently weighed in on LKQ. B. Riley reissued a “buy” rating on shares of LKQ in a report on Wednesday, November 1st. Jefferies Group reissued a “buy” rating on shares of LKQ in a report on Thursday. Stifel Nicolaus reissued a “buy” rating and issued a $44.00 price target on shares of LKQ in a report on Monday, December 11th. Wellington Shields cut LKQ from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, FBR & Co reissued a “buy” rating and issued a $41.00 price target on shares of LKQ in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. LKQ has a consensus rating of “Buy” and a consensus price target of $41.71.

LKQ (LKQ) opened at $39.51 on Friday. The stock has a market capitalization of $12,383.40, a price-to-earnings ratio of 22.02, a P/E/G ratio of 1.18 and a beta of 0.97. LKQ has a 1-year low of $27.85 and a 1-year high of $41.42. The company has a current ratio of 2.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.75.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03. LKQ had a return on equity of 15.10% and a net margin of 5.27%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. LKQ’s revenue was up 11.7% on a year-over-year basis. analysts predict that LKQ will post 1.89 EPS for the current year.

In other news, Director William M. Iv Webster sold 100,000 shares of LKQ stock in a transaction on Friday, December 8th. The stock was sold at an average price of $40.02, for a total value of $4,002,000.00. Following the completion of the sale, the director now owns 119,222 shares of the company’s stock, valued at $4,771,264.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Victor M. Casini sold 25,000 shares of LKQ stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $36.82, for a total value of $920,500.00. Following the completion of the sale, the vice president now directly owns 213,884 shares of the company’s stock, valued at approximately $7,875,208.88. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Groesbeck Investment Management Corp NJ grew its position in shares of LKQ by 1.1% in the second quarter. Groesbeck Investment Management Corp NJ now owns 36,460 shares of the auto parts company’s stock valued at $1,201,000 after purchasing an additional 400 shares during the period. Sentry Investment Management LLC grew its position in shares of LKQ by 1.8% in the second quarter. Sentry Investment Management LLC now owns 23,828 shares of the auto parts company’s stock valued at $785,000 after purchasing an additional 425 shares during the period. Cedar Capital LLC grew its position in shares of LKQ by 20.6% in the third quarter. Cedar Capital LLC now owns 7,900 shares of the auto parts company’s stock valued at $284,000 after purchasing an additional 1,348 shares during the period. Aperio Group LLC grew its position in shares of LKQ by 1.1% in the third quarter. Aperio Group LLC now owns 128,071 shares of the auto parts company’s stock valued at $4,609,000 after purchasing an additional 1,431 shares during the period. Finally, Thompson Investment Management Inc. grew its position in shares of LKQ by 1.1% in the second quarter. Thompson Investment Management Inc. now owns 154,748 shares of the auto parts company’s stock valued at $5,099,000 after purchasing an additional 1,733 shares during the period. 91.68% of the stock is owned by institutional investors and hedge funds.

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About LKQ

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.

Analyst Recommendations for LKQ (NASDAQ:LKQ)

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