LKQ Corporation (NASDAQ:LKQ) Receives $42.33 Average Price Target from Brokerages

Shares of LKQ Corporation (NASDAQ:LKQ) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $42.3333.

A number of equities analysts have commented on LKQ shares. Barclays reduced their target price on shares of LKQ from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, April 7th. Zacks Research upgraded shares of LKQ from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Wall Street Zen downgraded shares of LKQ from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. JPMorgan Chase & Co. cut their price objective on shares of LKQ from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Finally, Weiss Ratings upgraded shares of LKQ from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 4th.

Hedge Funds Weigh In On LKQ

Several hedge funds have recently modified their holdings of LKQ. Seizert Capital Partners LLC increased its holdings in LKQ by 30.1% in the 4th quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock worth $65,797,000 after buying an additional 503,998 shares during the period. SG Americas Securities LLC increased its holdings in LKQ by 3,046.7% in the 4th quarter. SG Americas Securities LLC now owns 270,525 shares of the auto parts company’s stock worth $8,170,000 after buying an additional 261,928 shares during the period. Entropy Technologies LP acquired a new position in LKQ in the 4th quarter worth approximately $3,158,000. Kennedy Capital Management LLC increased its holdings in LKQ by 41.2% in the 3rd quarter. Kennedy Capital Management LLC now owns 314,467 shares of the auto parts company’s stock worth $9,604,000 after buying an additional 91,776 shares during the period. Finally, Applied Finance Capital Management LLC increased its holdings in LKQ by 11.0% in the 1st quarter. Applied Finance Capital Management LLC now owns 662,216 shares of the auto parts company’s stock worth $19,449,000 after buying an additional 65,534 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Performance

Shares of LKQ stock opened at $26.24 on Wednesday. The company has a market capitalization of $6.69 billion, a PE ratio of 12.99 and a beta of 0.83. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.60 and a current ratio of 1.54. The company has a 50-day simple moving average of $28.03 and a two-hundred day simple moving average of $30.21. LKQ has a one year low of $23.98 and a one year high of $39.77.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, April 30th. The auto parts company reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.39 billion. LKQ had a net margin of 3.71% and a return on equity of 11.65%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. Research analysts expect that LKQ will post 3 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.6%. LKQ’s dividend payout ratio is 59.41%.

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.