LKQ Corporation (NASDAQ:LKQ) Receives $51.40 Consensus Price Target from Analysts

Shares of LKQ Corporation (NASDAQ:LKQ) have been given an average recommendation of “Buy” by the five brokerages that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is $51.40.

Several research firms have recently issued reports on LKQ. Robert W. Baird decreased their price objective on shares of LKQ from $48.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, July 25th. Wall Street Zen cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Finally, Barrington Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Tuesday, July 22nd.

Institutional Investors Weigh In On LKQ

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in LKQ by 14.8% in the first quarter. Dimensional Fund Advisors LP now owns 6,003,769 shares of the auto parts company’s stock valued at $255,384,000 after acquiring an additional 771,829 shares during the last quarter. Ancora Advisors LLC lifted its position in LKQ by 95.7% in the first quarter. Ancora Advisors LLC now owns 5,477,467 shares of the auto parts company’s stock valued at $233,011,000 after acquiring an additional 2,678,964 shares during the last quarter. EdgePoint Investment Group Inc. lifted its position in LKQ by 12.1% in the first quarter. EdgePoint Investment Group Inc. now owns 4,891,329 shares of the auto parts company’s stock valued at $208,077,000 after acquiring an additional 528,350 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in LKQ by 4.2% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 4,692,421 shares of the auto parts company’s stock valued at $199,616,000 after acquiring an additional 187,713 shares during the last quarter. Finally, Boston Partners lifted its position in LKQ by 258.0% in the first quarter. Boston Partners now owns 4,562,625 shares of the auto parts company’s stock valued at $194,089,000 after acquiring an additional 3,288,048 shares during the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Performance

Shares of LKQ stock opened at $32.38 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. LKQ has a 52 week low of $28.92 and a 52 week high of $44.82. The stock has a market capitalization of $8.33 billion, a PE ratio of 11.86 and a beta of 0.90. The firm has a 50 day moving average of $33.60 and a two-hundred day moving average of $38.08.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.62 billion. LKQ had a net margin of 5.04% and a return on equity of 13.85%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. On average, research analysts predict that LKQ will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, August 14th. LKQ’s payout ratio is 43.96%.

LKQ Company Profile

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.