LKQ Corporation (NASDAQ:LKQ) VP Michael S. Clark sold 5,000 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $31.42, for a total transaction of $157,100.00. Following the sale, the vice president now directly owns 62,885 shares of the company’s stock, valued at approximately $1,975,846.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of LKQ Corporation (LKQ) opened at 32.43 on Friday. The stock has a 50 day moving average of $31.58 and a 200 day moving average of $31.13. LKQ Corporation has a 52-week low of $27.85 and a 52-week high of $36.35. The stock has a market capitalization of $10.00 billion, a PE ratio of 20.64 and a beta of 0.77.
LKQ Corporation (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, April 27th. The auto parts company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. LKQ Corporation had a net margin of 5.21% and a return on equity of 16.54%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the firm earned $0.42 earnings per share. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. Analysts forecast that LKQ Corporation will post $1.87 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the company. Israel Discount Bank of New York acquired a new stake in LKQ Corporation during the first quarter worth $102,000. Israel Discount Bank of New York GFN acquired a new stake in LKQ Corporation during the fourth quarter worth $107,000. Cantab Capital Partners LLP acquired a new stake in LKQ Corporation during the fourth quarter worth $146,000. Global X Management Co. LLC raised its stake in LKQ Corporation by 29.3% in the first quarter. Global X Management Co. LLC now owns 4,985 shares of the auto parts company’s stock worth $146,000 after buying an additional 1,129 shares during the period. Finally, Pacer Advisors Inc. raised its stake in LKQ Corporation by 3.5% in the first quarter. Pacer Advisors Inc. now owns 5,387 shares of the auto parts company’s stock worth $158,000 after buying an additional 181 shares during the period. 92.65% of the stock is owned by institutional investors.
LKQ has been the subject of several analyst reports. J P Morgan Chase & Co assumed coverage on shares of LKQ Corporation in a research report on Tuesday, February 21st. They set an “overweight” rating and a $41.00 price target for the company. William Blair reaffirmed an “outperform” rating on shares of LKQ Corporation in a research report on Monday, February 27th. Zacks Investment Research raised shares of LKQ Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. FBR & Co reaffirmed an “outperform” rating and issued a $41.00 target price (up from $40.00) on shares of LKQ Corporation in a research report on Friday, April 28th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $37.00 target price on shares of LKQ Corporation in a research report on Thursday, April 27th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $39.14.
About LKQ Corporation
LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.
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