TheStreet upgraded shares of LKQ (NASDAQ:LKQ) from a c+ rating to a b- rating in a report released on Monday, TheStreetRatingsTable reports.
Several other brokerages have also recently issued reports on LKQ. ValuEngine cut LKQ from a sell rating to a strong sell rating in a research report on Saturday, August 1st. Northcoast Research cut LKQ from a buy rating to a neutral rating in a research report on Monday, June 8th. Jefferies Financial Group raised their target price on LKQ from $35.00 to $42.00 and gave the stock a buy rating in a research report on Friday, September 11th. Barrington Research initiated coverage on LKQ in a research report on Tuesday, June 2nd. They set a buy rating and a $35.00 price objective on the stock. Finally, Stifel Nicolaus lifted their price objective on LKQ from $44.00 to $48.00 and gave the company a buy rating in a research report on Friday, September 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $37.22.
LKQ stock opened at $31.65 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.11 and a quick ratio of 0.93. LKQ has a one year low of $13.31 and a one year high of $36.63. The stock has a market capitalization of $9.63 billion, a PE ratio of 17.49 and a beta of 1.72. The business’s fifty day moving average is $31.03 and its 200 day moving average is $26.29.
LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.16 by $0.37. LKQ had a return on equity of 13.83% and a net margin of 4.72%. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the firm posted $0.65 earnings per share. LKQ’s revenue was down 19.1% compared to the same quarter last year. As a group, sell-side analysts expect that LKQ will post 2.11 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of LKQ. Aperio Group LLC raised its stake in LKQ by 5.1% during the 1st quarter. Aperio Group LLC now owns 116,120 shares of the auto parts company’s stock valued at $2,382,000 after purchasing an additional 5,620 shares during the period. Rhumbline Advisers raised its stake in LKQ by 4.3% during the 1st quarter. Rhumbline Advisers now owns 590,264 shares of the auto parts company’s stock valued at $12,106,000 after purchasing an additional 24,337 shares during the period. Bank of New York Mellon Corp raised its stake in LKQ by 4.5% during the 1st quarter. Bank of New York Mellon Corp now owns 4,062,358 shares of the auto parts company’s stock valued at $83,317,000 after purchasing an additional 173,133 shares during the period. AE Wealth Management LLC bought a new stake in LKQ during the 1st quarter valued at approximately $421,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in LKQ by 58.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,029 shares of the auto parts company’s stock valued at $349,000 after purchasing an additional 6,298 shares during the period. 92.09% of the stock is currently owned by institutional investors.
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.
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