LKQ Corp Director Sells $1,733,400 in Stock (LKQ)
LKQ Corp (NYSE:LKQ) Director A Clinton Allen sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $28.89, for a total value of $1,733,400.00. Following the sale, the director now directly owns 200,264 shares in the company, valued at approximately $5,785,627. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of LKQ Corp in a research note on Wednesday, April 30th. They now have a $33.00 price target on the stock. Separately, analysts at Barrington Research upgraded shares of LKQ Corp from a “market perform” rating to an “outperform” rating in a research note on Friday, April 11th. They now have a $32.50 price target on the stock, up previously from $30.00. Finally, analysts at Northcoast Research initiated coverage on shares of LKQ Corp in a research note on Friday, April 4th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. LKQ Corp has an average rating of “Buy” and a consensus target price of $33.94.
Shares of LKQ Corp (NYSE:LKQ) traded down 0.52% on Friday, hitting $28.78. 992,530 shares of the company’s stock traded hands. LKQ Corp has a 52-week low of $23.68 and a 52-week high of $34.32. The stock’s 50-day moving average is $27.28 and its 200-day moving average is $29.67. The company has a market cap of $8.688 billion and a P/E ratio of 26.79.
LKQ Corp (NYSE:LKQ) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. Analysts expect that LKQ Corp will post $1.37 EPS for the current fiscal year.
LKQ Corporation (NYSE:LKQ) provides replacement parts, components and systems needed to repair vehicles (cars and trucks).
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