LKQ Corporation (NASDAQ:LKQ) Given Average Recommendation of “Hold” by Analysts

Shares of LKQ Corporation (NASDAQ:LKQ) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $45.40.

A number of equities analysts have weighed in on the stock. Roth Capital reiterated a “buy” rating and issued a $43.00 price target (down from $46.00) on shares of LKQ in a research report on Monday, November 3rd. Robert W. Baird reduced their price objective on shares of LKQ from $48.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, July 25th. Zacks Research raised shares of LKQ from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Barclays began coverage on shares of LKQ in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $33.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LKQ in a report on Monday.

Institutional Investors Weigh In On LKQ

Institutional investors have recently modified their holdings of the stock. Mutual of America Capital Management LLC boosted its holdings in shares of LKQ by 208.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 96,050 shares of the auto parts company’s stock worth $4,086,000 after purchasing an additional 64,891 shares during the period. CWM LLC lifted its position in LKQ by 8.9% in the first quarter. CWM LLC now owns 7,437 shares of the auto parts company’s stock worth $316,000 after buying an additional 606 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new position in LKQ during the first quarter worth $229,000. Teachers Retirement System of The State of Kentucky increased its position in LKQ by 2.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 20,016 shares of the auto parts company’s stock valued at $852,000 after acquiring an additional 405 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of LKQ by 23.9% in the 1st quarter. Allianz Asset Management GmbH now owns 158,977 shares of the auto parts company’s stock worth $6,763,000 after acquiring an additional 30,684 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

LKQ Stock Performance

Shares of LKQ stock traded up $0.80 on Friday, reaching $29.56. The stock had a trading volume of 2,588,824 shares, compared to its average volume of 2,789,458. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81. LKQ has a 1 year low of $28.42 and a 1 year high of $44.82. The stock has a market cap of $7.57 billion, a P/E ratio of 10.83 and a beta of 0.91. The company has a 50 day simple moving average of $30.44 and a 200 day simple moving average of $34.08.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, October 30th. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.10. LKQ had a net margin of 5.04% and a return on equity of 13.85%. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. LKQ has set its FY 2025 guidance at 3.000-3.150 EPS. Equities research analysts expect that LKQ will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, November 20th. LKQ’s dividend payout ratio is 44.44%.

LKQ Company Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.