Freestone Grove Partners LP Invests $12.49 Million in LKQ Corporation $LKQ

Freestone Grove Partners LP purchased a new position in shares of LKQ Corporation (NASDAQ:LKQ) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 474,471 shares of the auto parts company’s stock, valued at approximately $12,493,000.

Several other large investors have also bought and sold shares of LKQ. BlackRock Inc. bought a new stake in shares of LKQ in the 2nd quarter valued at about $1,015,096,000. Pzena Investment Management LLC bought a new position in LKQ during the 2nd quarter worth approximately $398,696,000. Bank of New York Mellon Corp bought a new position in LKQ during the 2nd quarter worth approximately $76,343,000. Seizert Capital Partners LLC grew its holdings in LKQ by 30.1% during the fourth 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 during the period. Finally, Canada Pension Plan Investment Board acquired a new position in LKQ during the second quarter valued at approximately $47,649,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Price Performance

NASDAQ:LKQ opened at $25.36 on Friday. The stock has a market capitalization of $6.42 billion, a PE ratio of 14.09 and a beta of 0.84. The firm has a fifty day simple moving average of $25.39 and a 200 day simple moving average of $27.97. LKQ Corporation has a 1-year low of $21.17 and a 1-year high of $37.13. 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 (NASDAQ:LKQ) last issued 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 firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.48 billion. LKQ had a net margin of 3.37% and a return on equity of 10.84%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, research analysts expect that LKQ Corporation will post 2.67 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. LKQ’s dividend payout ratio is presently 66.67%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LKQ. Roth Capital set a $35.00 target price on shares of LKQ in a report on Monday, August 3rd. Robert W. Baird set a $30.00 price target on shares of LKQ in a report on Friday, July 31st. JPMorgan Chase & Co. lowered their price objective on shares of LKQ from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Raymond James Financial set a $30.00 price objective on LKQ in a research note on Friday, July 31st. Finally, Stephens reduced their target price on LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, LKQ presently has an average rating of “Hold” and a consensus price target of $31.08.

LKQ 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.