LKQ (NASDAQ:LKQ) Stock Rating Lowered by Zacks Research

LKQ (NASDAQ:LKQ) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

A number of other brokerages have also recently weighed in on LKQ. Weiss Ratings reiterated a “hold (c-)” rating on shares of LKQ in a research note on Friday. Robert W. Baird set a $30.00 price objective on shares of LKQ in a research note on Friday. Raymond James Financial set a $30.00 target price on shares of LKQ in a report on Friday. Roth Capital set a $35.00 target price on shares of LKQ in a research note on Monday. Finally, JPMorgan Chase & Co. lowered their price target on LKQ from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, LKQ presently has a consensus rating of “Hold” and an average target price of $31.08.

LKQ Price Performance

Shares of NASDAQ LKQ opened at $24.49 on Monday. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52. LKQ has a twelve month low of $21.17 and a twelve month high of $37.13. The stock has a 50 day moving average of $25.64 and a two-hundred day moving average of $28.97. The stock has a market cap of $6.20 billion, a P/E ratio of 13.61 and a beta of 0.84.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.48 billion. LKQ had a return on equity of 10.84% and a net margin of 3.37%.The business’s revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, research analysts forecast that LKQ will post 2.68 earnings per share for the current year.

Hedge Funds Weigh In On LKQ

Institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in shares of LKQ in the 1st quarter worth $278,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of LKQ by 2.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,476 shares of the auto parts company’s stock worth $1,339,000 after acquiring an additional 807 shares during the period. Empowered Funds LLC purchased a new position in LKQ during the first quarter worth about $1,162,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in LKQ by 170.0% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,886 shares of the auto parts company’s stock valued at $292,000 after purchasing an additional 4,965 shares during the period. Finally, Kennedy Capital Management LLC lifted its position in LKQ by 41.2% in the third quarter. Kennedy Capital Management LLC now owns 314,467 shares of the auto parts company’s stock valued at $9,604,000 after purchasing an additional 91,776 shares during the period. 95.63% of the stock is owned by institutional investors and hedge funds.

About LKQ

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.