LKQ (NASDAQ:LKQ – Get Free Report) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued on Monday, Marketbeat reports. The firm presently has a $25.00 target price on the auto parts company’s stock. Barclays‘s target price would indicate a potential upside of 43.51% from the stock’s previous close.
Several other brokerages have also issued reports on LKQ. JPMorgan Chase & Co. decreased their target price on LKQ from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. Barrington Research lowered LKQ from an “outperform” rating to a “market perform” rating in a research report on Friday. Zacks Research lowered LKQ from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Roth Capital cut LKQ from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Monday. Finally, Raymond James Financial set a $30.00 price objective on LKQ in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.07.
Get Our Latest Stock Report on LKQ
LKQ Price Performance
LKQ stock opened at $17.42 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 0.61. LKQ has a 1 year low of $17.21 and a 1 year high of $37.13. The firm has a 50-day moving average of $23.56 and a 200 day moving average of $25.64. The company has a market cap of $4.41 billion, a P/E ratio of 9.68 and a beta of 0.87.
LKQ (NASDAQ:LKQ – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.04). The firm had revenue of $3.41 billion for 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%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, sell-side analysts forecast that LKQ will post 2.65 EPS for the current year.
Institutional Investors Weigh In On LKQ
Several hedge funds have recently bought and sold shares of LKQ. Global Retirement Partners LLC bought a new position in shares of LKQ during the second quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of LKQ in the 2nd quarter worth approximately $25,000. Harbor Investment Advisory LLC boosted its position in shares of LKQ by 260.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 650 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new stake in shares of LKQ in the 1st quarter worth approximately $28,000. Finally, Essential Partners LLC purchased a new stake in shares of LKQ in the 1st quarter worth approximately $30,000. Institutional investors own 95.63% of the company’s stock.
About LKQ
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.
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