LKQ Corporation (NASDAQ:LKQ) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of LKQ Corporation (NASDAQ:LKQ) have received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $42.3333.

LKQ has been the topic of a number of recent research reports. Wall Street Zen lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. Zacks Research upgraded shares of LKQ from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. dropped their price objective on shares of LKQ from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Monday, February 23rd. Barclays reduced their price objective on shares of LKQ from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 7th. 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 Stock Up 1.2%

LKQ stock opened at $25.36 on Wednesday. LKQ has a twelve month low of $23.98 and a twelve month high of $39.99. The stock’s fifty day simple moving average is $28.31 and its 200-day simple moving average is $30.33. The company has a current ratio of 1.54, a quick ratio of 0.60 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $6.46 billion, a P/E ratio of 12.55 and a beta of 0.83.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, April 30th. The auto parts company reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.39 billion. LKQ had a return on equity of 11.65% and a net margin of 3.71%.The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 earnings per share. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. As a group, equities analysts expect that LKQ will post 3 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Thursday, May 21st. LKQ’s dividend payout ratio (DPR) is presently 59.41%.

Institutional Investors Weigh In On LKQ

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Seizert Capital Partners LLC raised its holdings in shares of LKQ by 30.1% in the 4th quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock valued at $65,797,000 after purchasing an additional 503,998 shares in the last quarter. New South Capital Management Inc. increased its stake in LKQ by 0.7% in the third quarter. New South Capital Management Inc. now owns 1,313,761 shares of the auto parts company’s stock valued at $40,122,000 after purchasing an additional 8,981 shares during the last quarter. Applied Finance Capital Management LLC increased its stake in LKQ by 11.0% in the first quarter. Applied Finance Capital Management LLC now owns 662,216 shares of the auto parts company’s stock valued at $19,449,000 after purchasing an additional 65,534 shares during the last quarter. Thompson Investment Management Inc. increased its stake in LKQ by 14.0% in the fourth quarter. Thompson Investment Management Inc. now owns 374,299 shares of the auto parts company’s stock valued at $11,304,000 after purchasing an additional 46,052 shares during the last quarter. Finally, Goodman Financial Corp increased its stake in LKQ by 9.9% in the third quarter. Goodman Financial Corp now owns 355,108 shares of the auto parts company’s stock valued at $10,845,000 after purchasing an additional 31,857 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

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.