JPMorgan Chase & Co. Cuts LKQ (NASDAQ:LKQ) Price Target to $37.00

LKQ (NASDAQ:LKQ) had its price target lowered by JPMorgan Chase & Co. from $40.00 to $37.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the auto parts company’s stock.

A number of other research analysts have also recently commented on LKQ. Wall Street Zen cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Sunday. Barclays set a $34.00 price objective on shares of LKQ in a report on Friday, February 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of LKQ in a research report on Monday, December 29th. Stephens began coverage on LKQ in a research report on Tuesday, December 9th. They set an “overweight” rating and a $39.00 target price on the stock. Finally, Zacks Research downgraded LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $42.50.

LKQ Stock Down 2.5%

Shares of NASDAQ LKQ opened at $32.70 on Monday. The stock has a fifty day moving average price of $32.62 and a 200 day moving average price of $31.32. The company has a current ratio of 1.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.55. LKQ has a 12-month low of $28.13 and a 12-month high of $44.82. The company has a market cap of $8.34 billion, a P/E ratio of 13.86 and a beta of 0.91.

LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, February 19th. The auto parts company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.06). The company had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.24 billion. LKQ had a net margin of 4.36% and a return on equity of 12.29%. LKQ’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. Research analysts anticipate that LKQ will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Thursday, March 12th. LKQ’s dividend payout ratio (DPR) is 50.85%.

Institutional Trading of LKQ

Several institutional investors and hedge funds have recently bought and sold shares of the company. State of Tennessee Department of Treasury grew its position in shares of LKQ by 152.3% in the 4th quarter. State of Tennessee Department of Treasury now owns 78,360 shares of the auto parts company’s stock worth $2,574,000 after acquiring an additional 47,299 shares in the last quarter. Captrust Financial Advisors lifted its stake in LKQ by 20.7% during the fourth quarter. Captrust Financial Advisors now owns 102,544 shares of the auto parts company’s stock worth $3,097,000 after purchasing an additional 17,605 shares during the last quarter. Entropy Technologies LP acquired a new position in LKQ in the fourth quarter worth $3,158,000. Arkadios Wealth Advisors bought a new stake in LKQ during the fourth quarter valued at $205,000. Finally, Parallel Advisors LLC raised its holdings in shares of LKQ by 187.3% during the fourth quarter. Parallel Advisors LLC now owns 4,396 shares of the auto parts company’s stock worth $133,000 after purchasing an additional 2,866 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

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.