LKQ’s (LKQ) “Outperform” Rating Reiterated at Barrington Research

LKQ (NASDAQ:LKQ)‘s stock had its “outperform” rating reiterated by Barrington Research in a research note issued on Friday, Benzinga reports. They presently have a $60.00 price objective on the auto parts company’s stock. Barrington Research’s target price suggests a potential upside of 22.15% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price objective on shares of LKQ in a research note on Tuesday, April 9th. JPMorgan Chase & Co. dropped their price objective on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Finally, StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, LKQ presently has a consensus rating of “Moderate Buy” and an average target price of $63.50.

LKQ Price Performance

LKQ stock opened at $49.12 on Friday. LKQ has a 52 week low of $41.49 and a 52 week high of $59.38. The company’s 50 day moving average price is $51.22 and its two-hundred day moving average price is $48.36. The company has a quick ratio of 0.53, a current ratio of 1.47 and a debt-to-equity ratio of 0.59. The stock has a market cap of $13.10 billion, a P/E ratio of 14.03 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. LKQ had a net margin of 6.75% and a return on equity of 17.24%. The company had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter last year, the business posted $0.78 EPS. LKQ’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, equities analysts predict that LKQ will post 4.07 earnings per share for the current year.

Insider Buying and Selling at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the transaction, the chief executive officer now owns 386,522 shares in the company, valued at $20,087,548.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On LKQ

A number of hedge funds have recently modified their holdings of the company. Clear Street Markets LLC increased its position in shares of LKQ by 94.1% during the first quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock valued at $28,000 after buying an additional 241 shares during the period. CVA Family Office LLC purchased a new stake in LKQ in the fourth quarter worth about $26,000. OFI Invest Asset Management purchased a new stake in LKQ in the third quarter worth about $26,000. Covestor Ltd grew its holdings in LKQ by 81.1% in the first quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 279 shares during the period. Finally, Private Trust Co. NA grew its holdings in LKQ by 228.4% in the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 450 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

About LKQ

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; 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.