LKQ Corporation (NASDAQ:LKQ)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group LLC in a report issued on Wednesday. They presently have a $37.00 target price on the auto parts company’s stock. Jefferies Group LLC’s target price would suggest a potential upside of 7.31% from the stock’s current price.

LKQ has been the topic of several other reports. BidaskClub lowered LKQ Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research lowered LKQ Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. FBR & Co reaffirmed an “outperform” rating and issued a $41.00 price objective (up from $40.00) on shares of LKQ Corporation in a research note on Friday, April 28th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $40.00 price objective (up from $38.00) on shares of LKQ Corporation in a research note on Monday, July 31st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $37.00 price objective on shares of LKQ Corporation in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $39.33.

LKQ Corporation (LKQ) traded up 0.41% on Wednesday, hitting $34.47. The company had a trading volume of 1,384,862 shares. LKQ Corporation has a 12-month low of $27.85 and a 12-month high of $36.35. The firm has a market capitalization of $10.65 billion, a PE ratio of 21.61 and a beta of 0.84. The firm has a 50-day moving average price of $32.90 and a 200-day moving average price of $31.35.

LKQ Corporation (NASDAQ:LKQ) last released its earnings results on Thursday, July 27th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.41 billion. LKQ Corporation had a return on equity of 15.74% and a net margin of 5.31%. LKQ Corporation’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 EPS. On average, equities research analysts anticipate that LKQ Corporation will post $1.88 earnings per share for the current fiscal year.

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In other LKQ Corporation news, EVP John S. Quinn sold 8,230 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $33.15, for a total value of $272,824.50. Following the completion of the transaction, the executive vice president now directly owns 254,726 shares in the company, valued at $8,444,166.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Victor M. Casini sold 25,000 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $33.40, for a total value of $835,000.00. Following the completion of the transaction, the vice president now owns 213,884 shares of the company’s stock, valued at $7,143,725.60. The disclosure for this sale can be found here. Insiders sold 58,230 shares of company stock worth $1,905,125 over the last ninety days. 1.10% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of LKQ. Rice Hall James & Associates LLC increased its position in LKQ Corporation by 2.9% in the first quarter. Rice Hall James & Associates LLC now owns 48,994 shares of the auto parts company’s stock valued at $1,434,000 after buying an additional 1,403 shares in the last quarter. Bank of The West increased its position in LKQ Corporation by 20.0% in the first quarter. Bank of The West now owns 46,589 shares of the auto parts company’s stock valued at $1,364,000 after buying an additional 7,765 shares in the last quarter. DnB Asset Management AS increased its position in LKQ Corporation by 19.0% in the first quarter. DnB Asset Management AS now owns 28,862 shares of the auto parts company’s stock valued at $845,000 after buying an additional 4,600 shares in the last quarter. OLD Second National Bank of Aurora purchased a new position in LKQ Corporation during the first quarter valued at approximately $2,834,000. Finally, Atria Investments LLC increased its position in LKQ Corporation by 70.4% in the first quarter. Atria Investments LLC now owns 12,132 shares of the auto parts company’s stock valued at $355,000 after buying an additional 5,013 shares in the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

LKQ Corporation Company Profile

LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.

Analyst Recommendations for LKQ Corporation (NASDAQ:LKQ)

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