Wall Street Zen Downgrades LKQ (NASDAQ:LKQ) to Hold

LKQ (NASDAQ:LKQ) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other research analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LKQ in a research report on Monday, December 29th. Barclays started coverage on LKQ in a report on Tuesday, November 11th. They set an “equal weight” rating and a $33.00 target price for the company. Roth Capital reiterated a “buy” rating and issued a $43.00 price target (down previously from $46.00) on shares of LKQ in a report on Monday, November 3rd. Stephens initiated coverage on shares of LKQ in a report on Tuesday, December 9th. They issued an “overweight” rating and a $39.00 price objective for the company. Finally, Zacks Research raised shares of LKQ from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.33.

LKQ Trading Up 1.2%

NASDAQ:LKQ opened at $33.40 on Friday. The firm has a market capitalization of $8.55 billion, a P/E ratio of 12.37 and a beta of 0.91. The company has a quick ratio of 0.67, a current ratio of 1.60 and a debt-to-equity ratio of 0.55. The company has a fifty day moving average of $30.23 and a 200 day moving average of $31.65. LKQ has a 52 week low of $28.13 and a 52 week high of $44.82.

LKQ (NASDAQ:LKQ) last released 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. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.54 billion. LKQ had a net margin of 4.99% and a return on equity of 13.45%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 earnings per share. LKQ has set its FY 2025 guidance at 3.000-3.150 EPS. On average, research analysts predict that LKQ will post 3.57 earnings per share for the current year.

Institutional Investors Weigh In On LKQ

Several hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors increased its stake in shares of LKQ by 0.4% during the third quarter. Captrust Financial Advisors now owns 84,939 shares of the auto parts company’s stock valued at $2,594,000 after purchasing an additional 377 shares in the last quarter. Rossby Financial LCC grew its stake in shares of LKQ by 159.4% in the 3rd quarter. Rossby Financial LCC now owns 882 shares of the auto parts company’s stock worth $27,000 after buying an additional 542 shares during the last quarter. Motley Fool Asset Management LLC increased its position in LKQ by 9.2% during the 2nd quarter. Motley Fool Asset Management LLC now owns 7,200 shares of the auto parts company’s stock valued at $266,000 after buying an additional 606 shares in the last quarter. Anchor Investment Management LLC increased its position in LKQ by 6.3% during the 2nd quarter. Anchor Investment Management LLC now owns 11,859 shares of the auto parts company’s stock valued at $439,000 after buying an additional 701 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in LKQ by 226.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,100 shares of the auto parts company’s stock valued at $41,000 after buying an additional 763 shares during the last quarter. Institutional investors 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.