LKQ Corporation (NASDAQ:LKQ) Receives $49.50 Average Target Price from Brokerages

Shares of LKQ Corporation (NASDAQ:LKQ) have been given a consensus recommendation of “Moderate Buy” by the five analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $49.50.

Several research analysts have recently weighed in on LKQ shares. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Tuesday, July 22nd. Robert W. Baird reduced their target price on LKQ from $48.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, July 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LKQ in a report on Saturday, September 27th.

Institutional Investors Weigh In On LKQ

Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in LKQ by 14.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,003,769 shares of the auto parts company’s stock worth $255,384,000 after acquiring an additional 771,829 shares during the last quarter. Ancora Advisors LLC raised its stake 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 worth $233,011,000 after buying an additional 2,678,964 shares in the last quarter. EdgePoint Investment Group Inc. raised its stake 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 worth $208,077,000 after buying an additional 528,350 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings 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 worth $199,616,000 after buying an additional 187,713 shares during the period. Finally, Boston Partners boosted its position in LKQ by 258.0% during the 1st 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 in the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Trading Up 0.2%

Shares of LKQ opened at $31.36 on Friday. LKQ has a twelve month low of $28.92 and a twelve month high of $44.82. The stock has a market cap of $8.07 billion, a PE ratio of 11.49 and a beta of 0.84. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The business’s 50-day moving average price is $31.09 and its 200-day moving average price is $36.56.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data 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). LKQ had a net margin of 5.04% and a return on equity of 13.85%. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same period in the prior year, the firm posted $0.98 EPS. LKQ’s revenue was down 1.6% on a year-over-year basis. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. On average, equities analysts forecast that LKQ will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. LKQ’s dividend payout ratio (DPR) is currently 43.96%.

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.