LKQ Corporation (NASDAQ:LKQ – Get Free Report) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $31.0833.
A number of analysts have recently weighed in on the company. Raymond James Financial set a $30.00 price objective on LKQ in a research report on Friday, July 31st. Stephens decreased their target price on LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a report on Tuesday, July 21st. JPMorgan Chase & Co. lowered their target price on LKQ from $37.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Roth Capital set a $35.00 price target on LKQ in a report on Monday. Finally, Robert W. Baird set a $30.00 price target on LKQ in a research report on Friday, July 31st.
Read Our Latest Analysis on LKQ
LKQ Trading Down 1.6%
LKQ (NASDAQ:LKQ – Get Free Report) last announced its earnings results 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). LKQ had a return on equity of 10.84% and a net margin of 3.37%.The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the previous year, the company earned $0.87 earnings per share. LKQ’s quarterly revenue was down 3.0% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Equities research analysts anticipate that LKQ will post 2.67 EPS for the current fiscal year.
LKQ Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.20 annualized dividend and a yield of 5.0%. LKQ’s dividend payout ratio (DPR) is 66.67%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new position in LKQ in the first quarter valued at $278,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of LKQ by 2.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,476 shares of the auto parts company’s stock worth $1,339,000 after acquiring an additional 807 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of LKQ in the 1st quarter valued at about $1,162,000. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of LKQ by 170.0% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,886 shares of the auto parts company’s stock worth $292,000 after acquiring an additional 4,965 shares in the last quarter. Finally, Kennedy Capital Management LLC lifted its stake in LKQ by 41.2% during the third quarter. Kennedy Capital Management LLC now owns 314,467 shares of the auto parts company’s stock worth $9,604,000 after purchasing an additional 91,776 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.
About LKQ
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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