LKQ Corporation (LKQ) Director Purchases $135,840.00 in Stock
LKQ Corporation (NASDAQ:LKQ) Director Guhan Subramanian purchased 4,000 shares of LKQ Corporation stock in a transaction on Wednesday, August 16th. The shares were acquired at an average cost of $33.96 per share, for a total transaction of $135,840.00. Following the purchase, the director now owns 23,811 shares in the company, valued at $808,621.56. The acquisition was disclosed in a document filed with the SEC, which is available through this link.
LKQ Corporation (NASDAQ:LKQ) traded down 1.22% on Thursday, reaching $34.09. The company’s stock had a trading volume of 2,028,878 shares. LKQ Corporation has a 1-year low of $27.85 and a 1-year high of $36.35. The stock has a 50 day moving average price of $33.29 and a 200-day moving average price of $31.49. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 21.37 and a beta of 0.84.
LKQ Corporation (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.41 billion. LKQ Corporation had a net margin of 5.31% and a return on equity of 15.74%. LKQ Corporation’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. Equities analysts predict that LKQ Corporation will post $1.88 earnings per share for the current fiscal year.
Several brokerages recently weighed in on LKQ. BidaskClub raised LKQ Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $40.00 target price (up from $38.00) on shares of LKQ Corporation in a research report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $37.00 target price on shares of LKQ Corporation in a research report on Wednesday, August 9th. Northcoast Research lowered LKQ Corporation from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research lowered LKQ Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $39.33.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LKQ. Israel Discount Bank of New York purchased a new position in LKQ Corporation during the first quarter worth $102,000. Global X Management Co. LLC raised its position in LKQ Corporation by 29.3% in the first quarter. Global X Management Co. LLC now owns 4,985 shares of the auto parts company’s stock worth $146,000 after buying an additional 1,129 shares in the last quarter. Pacer Advisors Inc. raised its position in LKQ Corporation by 3.5% in the first quarter. Pacer Advisors Inc. now owns 5,387 shares of the auto parts company’s stock worth $158,000 after buying an additional 181 shares in the last quarter. Private Advisor Group LLC purchased a new position in LKQ Corporation during the first quarter worth $163,000. Finally, State of Alaska Department of Revenue purchased a new position in LKQ Corporation during the first quarter worth $210,000. 92.13% of the stock is owned by hedge funds and other institutional investors.
About LKQ Corporation
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.
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