LKQ (NASDAQ:LKQ) Price Target Lowered to $33.00 at Barclays

LKQ (NASDAQ:LKQ) had its target price cut by Barclays from $34.00 to $33.00 in a report published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

A number of other brokerages also recently weighed in on LKQ. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LKQ in a research note on Friday, March 27th. Zacks Research downgraded shares of LKQ from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Wall Street Zen downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. JPMorgan Chase & Co. dropped their price target on shares of LKQ from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Finally, Stephens initiated coverage on shares of LKQ in a research note on Tuesday, December 9th. They set an “overweight” rating and a $39.00 price target for the company. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, LKQ has a consensus rating of “Hold” and a consensus target price of $42.33.

LKQ Price Performance

NASDAQ:LKQ opened at $28.81 on Tuesday. The firm has a market cap of $7.35 billion, a PE ratio of 12.21 and a beta of 0.91. LKQ has a 12 month low of $27.64 and a 12 month high of $43.10. The company has a quick ratio of 0.58, a current ratio of 1.67 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average price is $31.50 and its two-hundred day moving average price is $30.99.

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

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Thursday, March 12th. LKQ’s dividend payout ratio is 50.85%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LKQ. State of Tennessee Department of Treasury boosted its holdings in LKQ by 152.3% during the fourth quarter. State of Tennessee Department of Treasury now owns 78,360 shares of the auto parts company’s stock worth $2,574,000 after purchasing an additional 47,299 shares during the last quarter. Captrust Financial Advisors boosted its holdings in LKQ by 20.7% during the fourth quarter. Captrust Financial Advisors now owns 102,544 shares of the auto parts company’s stock worth $3,097,000 after purchasing an additional 17,605 shares during the last quarter. Entropy Technologies LP acquired a new position in LKQ during the fourth quarter worth $3,158,000. Arkadios Wealth Advisors acquired a new position in LKQ during the fourth quarter worth $205,000. Finally, Parallel Advisors LLC boosted its holdings in LKQ by 187.3% during the fourth quarter. Parallel Advisors LLC now owns 4,396 shares of the auto parts company’s stock worth $133,000 after purchasing an additional 2,866 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

About LKQ

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.