Analysts Set LKQ Corporation (NASDAQ:LKQ) Target Price at $42.50

Shares of LKQ Corporation (NASDAQ:LKQ) have received an average recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $42.50.

Several equities analysts recently issued reports on LKQ shares. Zacks Research cut shares of LKQ from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Wall Street Zen downgraded LKQ from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of LKQ in a research note on Monday, December 29th. Barclays set a $34.00 price target on LKQ in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. decreased their price objective on LKQ from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Monday, February 23rd.

LKQ Price Performance

LKQ opened at $32.07 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.58 and a current ratio of 1.67. The stock has a market capitalization of $8.18 billion, a PE ratio of 13.59 and a beta of 0.89. The stock’s 50 day moving average price is $32.87 and its 200-day moving average price is $31.39. LKQ has a 52-week low of $28.13 and a 52-week high of $44.82.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, February 19th. The auto parts company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.06). LKQ had a net margin of 4.36% and a return on equity of 12.29%. The company had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter last year, the firm earned $0.80 EPS. The business’s revenue was up 2.7% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. On average, equities research analysts predict that LKQ will post 3.57 EPS for the current year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, March 12th. LKQ’s dividend payout ratio (DPR) is 50.85%.

Hedge Funds Weigh In On LKQ

A number of institutional investors and hedge funds have recently made changes to their positions in LKQ. Rossby Financial LCC boosted its position in shares of LKQ by 159.4% in the 3rd quarter. Rossby Financial LCC now owns 882 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 542 shares in the last quarter. Heartwood Wealth Advisors LLC purchased a new position in LKQ during the third quarter valued at $31,000. Torren Management LLC bought a new stake in LKQ in the fourth quarter worth $32,000. Cullen Frost Bankers Inc. grew its stake in shares of LKQ by 254.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,362 shares of the auto parts company’s stock worth $41,000 after acquiring an additional 978 shares during the last quarter. Finally, Rothschild Investment LLC increased its holdings in shares of LKQ by 830.7% during the third quarter. Rothschild Investment LLC now owns 1,424 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 1,271 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

LKQ Company Profile

LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company supplies a broad range of replacement components, including recycled original equipment manufacturer (OEM) parts, aftermarket parts, refurbished and remanufactured items. Its products support collision repair, mechanical repair and performance enhancement needs across passenger cars, heavy trucks and recreational vehicles.

Through a combination of in-house operations and strategic acquisitions, LKQ has developed a comprehensive product portfolio that extends beyond core replacement parts.