LKQ Corporation (NASDAQ:LKQ – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $42.3333.
LKQ has been the topic of several recent research reports. Barclays lowered their price target on shares of LKQ from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 7th. Wall Street Zen lowered shares of LKQ from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. JPMorgan Chase & Co. reduced their price objective on shares of LKQ from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Zacks Research upgraded shares of LKQ from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Weiss Ratings upgraded shares of LKQ from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 4th.
LKQ Trading Up 1.2%
LKQ (NASDAQ:LKQ – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The auto parts company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.39 billion. LKQ had a net margin of 3.71% and a return on equity of 11.65%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. As a group, equities analysts predict that LKQ will post 3 earnings per share for the current year.
LKQ Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.7%. The ex-dividend date was Thursday, May 21st. LKQ’s payout ratio is 59.41%.
Institutional Trading of LKQ
Several institutional investors and hedge funds have recently bought and sold shares of LKQ. Harbor Investment Advisory LLC raised its holdings in LKQ by 260.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock valued at $26,000 after buying an additional 650 shares during the period. Rossby Financial LCC increased its stake in LKQ by 159.4% during the third quarter. Rossby Financial LCC now owns 882 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 542 shares during the period. Cedar Mountain Advisors LLC purchased a new stake in LKQ during the first quarter worth about $28,000. Essential Partners LLC purchased a new stake in LKQ during the first quarter worth about $30,000. Finally, Torren Management LLC purchased a new stake in LKQ during the fourth quarter worth about $32,000. 95.63% of the stock is currently owned by hedge funds and other 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.
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