LKQ (NASDAQ:LKQ) Lowered to Strong Sell Rating by Zacks Research

LKQ (NASDAQ:LKQ) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also recently issued reports on LKQ. Barclays decreased their target price on LKQ from $30.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday. JPMorgan Chase & Co. cut their price objective on LKQ from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Raymond James Financial set a $30.00 price objective on LKQ in a research report on Friday. Weiss Ratings reissued a “hold (c-)” rating on shares of LKQ in a research note on Friday. Finally, Roth Capital set a $35.00 target price on shares of LKQ in a report on Monday. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.08.

LKQ Price Performance

Shares of LKQ stock opened at $24.49 on Monday. LKQ has a 12-month low of $21.17 and a 12-month high of $37.13. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 13.61 and a beta of 0.84. The company has a quick ratio of 0.61, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average of $25.64 and a 200-day moving average of $28.97.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.48 billion. LKQ had a net margin of 3.37% and a return on equity of 10.84%. LKQ’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, equities research analysts forecast that LKQ will post 2.68 earnings per share for the current year.

Institutional Trading of LKQ

Institutional investors have recently modified their holdings of the company. Harbor Investment Advisory LLC boosted its position in shares of LKQ by 260.0% during the first quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock worth $26,000 after buying an additional 650 shares during the period. Cedar Mountain Advisors LLC bought a new position in shares of LKQ during the first quarter worth about $28,000. Essential Partners LLC acquired a new stake in LKQ in the 1st quarter valued at approximately $30,000. Torren Management LLC acquired a new stake in LKQ in the 4th quarter valued at approximately $32,000. Finally, Root Financial Partners LLC lifted its stake in LKQ by 142.4% in the 1st quarter. Root Financial Partners LLC now owns 1,217 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 715 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

LKQ Company Profile

LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company supplies a broad range of replacement components, including recycled original equipment manufacturer (OEM) parts, aftermarket parts, refurbished and remanufactured items. Its products support collision repair, mechanical repair and performance enhancement needs across passenger cars, heavy trucks and recreational vehicles.

Through a combination of in-house operations and strategic acquisitions, LKQ has developed a comprehensive product portfolio that extends beyond core replacement parts.