LKQ Corporation (NASDAQ:LKQ) Stock Now Rated “Hold” by Wall Street Analysts

LKQ Corporation (NASDAQ:LKQ) has earned an average rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $31.08.

Several equities research analysts have recently weighed in on the company. Stephens reduced their price objective on LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Robert W. Baird set a $30.00 target price on LKQ in a research report on Friday, July 31st. Zacks Research downgraded LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Raymond James Financial set a $30.00 price target on LKQ in a research note on Friday, July 31st. Finally, Weiss Ratings downgraded LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, August 13th.

LKQ Stock Down 1.8%

NASDAQ LKQ opened at $23.00 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 0.61. The company’s 50 day simple moving average is $24.71 and its 200 day simple moving average is $26.70. LKQ has a 12 month low of $21.17 and a 12 month high of $37.13. The company has a market capitalization of $5.82 billion, a P/E ratio of 12.78 and a beta of 0.85.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share 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 the consensus estimate of $3.48 billion. LKQ had a return on equity of 10.84% and a net margin of 3.37%.The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Equities research analysts expect that LKQ will post 2.67 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Thursday, August 20th. LKQ’s dividend payout ratio (DPR) is 66.67%.

Hedge Funds Weigh In On LKQ

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LKQ. Global Retirement Partners LLC acquired a new stake in LKQ during the 2nd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of LKQ in the second quarter worth $25,000. Harbor Investment Advisory LLC grew its holdings in shares of LKQ by 260.0% during the first quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock valued at $26,000 after buying an additional 650 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new position in shares of LKQ during the first quarter valued at $28,000. Finally, Essential Partners LLC acquired a new position in LKQ during the first quarter valued at $30,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Company Profile

LKQ Corporation is a global distributor of replacement parts, components and accessories for automobiles, trucks and other vehicles. The company supplies collision and mechanical repair parts, recycled original equipment parts, remanufactured components, aftermarket products and specialty vehicle equipment to professional repair businesses, insurers, dealerships and other customers.

LKQ operates through a network of distribution centers, parts facilities, salvage yards and self-service locations.