LKQ Corporation (NASDAQ:LKQ) Stock Has Average Price Target of $30.58

LKQ Corporation (NASDAQ:LKQ) has been given a consensus rating of “Hold” by the six analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $30.58.

A number of equities analysts have recently commented on the company. Barclays dropped their target price on LKQ from $30.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, August 3rd. Robert W. Baird set a $30.00 price target on LKQ in a report on Friday, July 31st. Zacks Research downgraded LKQ from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Roth Capital set a $35.00 price objective on shares of LKQ in a research note on Monday, August 3rd. Finally, Weiss Ratings cut shares of LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th.

Hedge Funds Weigh In On LKQ

Large investors have recently made changes to their positions in the company. Perpetual Ltd raised its position in LKQ by 1.5% in the 3rd quarter. Perpetual Ltd now owns 307,417 shares of the auto parts company’s stock worth $7,018,000 after purchasing an additional 4,427 shares during the period. Sound Income Strategies LLC boosted its position in shares of LKQ by 2.0% during the third quarter. Sound Income Strategies LLC now owns 154,168 shares of the auto parts company’s stock valued at $3,393,000 after buying an additional 3,043 shares during the period. GAMMA Investing LLC boosted its position in shares of LKQ by 21.0% during the third quarter. GAMMA Investing LLC now owns 12,498 shares of the auto parts company’s stock valued at $285,000 after buying an additional 2,165 shares during the period. Tidal Investments LLC grew its stake in shares of LKQ by 90.1% during the second quarter. Tidal Investments LLC now owns 320,735 shares of the auto parts company’s stock valued at $8,445,000 after buying an additional 152,003 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of LKQ during the second quarter valued at approximately $213,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Trading Down 0.5%

Shares of NASDAQ:LKQ traded down $0.12 during trading on Tuesday, reaching $21.98. The company’s stock had a trading volume of 354,101 shares, compared to its average volume of 2,959,874. The stock has a market capitalization of $5.56 billion, a PE ratio of 12.24 and a beta of 0.87. LKQ has a 12 month low of $21.17 and a 12 month 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. The firm’s 50 day simple moving average is $24.15 and its two-hundred day simple moving average is $26.12.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.04). LKQ had a return on equity of 10.84% and a net margin of 3.37%. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the previous year, the firm earned $0.87 earnings per share. The company’s revenue was down 3.0% compared to the same quarter last year. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, research analysts predict that LKQ will post 2.65 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Thursday, August 20th. LKQ’s dividend payout ratio (DPR) is 66.67%.

LKQ Company Profile

LKQ Corporation (NASDAQ:LKQ) is a global distributor of replacement parts, components and accessories for automobiles, trucks and other vehicles. The company supplies collision and mechanical repair businesses, insurers, professional service providers, retailers and do-it-yourself customers with a broad range of products.

Its offerings include new aftermarket parts, recycled original-equipment parts, remanufactured and refurbished components, specialty vehicle equipment, tools and accessories.