Research Analysts’ Weekly Ratings Changes for LKQ (LKQ)

LKQ (NASDAQ: LKQ) recently received a number of ratings updates from brokerages and research firms:

  • 2/12/2018 – LKQ was upgraded by analysts at Northcoast Research from a “neutral” rating to a “buy” rating.
  • 2/6/2018 – LKQ was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In December, LKQ Corp has signed an agreement to acquire the German spare-parts distributor Stahlgruber. This acquisition is in sync with its strategy to expand its presence in Europe through acquisitions and new branch openings for counter sales and distribution centers. In third-quarter 2017, LKQ Corp acquired 11 companies. However, these frequent acquisitions are hampering its gross margin figures. Also, rising expenses due to fluctuating prices of fuel, scrap metal and other commodities and product recalls are few of the other concerns for the company. Also, over a month, LKQ Corp’s has underperformed the industry it belongs to.”
  • 2/5/2018 – LKQ was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. According to Zacks, “In December, LKQ Corp has signed an agreement to acquire the German spare-parts distributor Stahlgruber. This acquisition is in sync with its strategy to expand its presence in Europe through acquisitions and new branch openings for counter sales and distribution centers. In third-quarter 2017, LKQ Corp acquired 11 companies. However, these frequent acquisitions are hampering its gross margin figures. Also, rising expenses due to fluctuating prices of fuel, scrap metal and other commodities and product recalls are few of the other concerns for the company. Also, over a month, LKQ Corp’s has underperformed the industry it belongs to.”
  • 2/2/2018 – LKQ was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/19/2018 – LKQ was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/18/2018 – LKQ was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The Zacks Consensus Estimate for LKQ Corp’s quarterly earnings estimate has been going down of late. In December, The company signed an agreement to acquire the German spare-parts distributor Stahlgruber. This acquisition is in sync with its strategy to expand its presence in Europe through acquisitions and new branch openings for counter sales and distribution centers. In third-quarter 2017, LKQ Corp acquired 11 companies. However, these frequent acquisitions are hampering its gross margin figures. Also, rising expenses due to fluctuating prices of fuel, scrap metal and other commodities and product recalls are few of the other concerns for the company. Also, over a month, the company has underperformed the industry it belongs to.”
  • 1/16/2018 – LKQ was given a new $50.00 price target on by analysts at Stephens. They now have a “buy” rating on the stock.
  • 1/15/2018 – LKQ was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $48.00 price target on the stock. According to Zacks, “In December, LKQ Corp signed an agreement to acquire the German spare-parts distributor Stahlgruber. This acquisition is in sync with its strategy to expand its presence in Europe through acquisitions and new branch openings for counter sales and distribution centers. In third-quarter 2017, LKQ Corp acquired 11 companies. Moreover, the company expects positive growth in its organic sales in fiscal 2017. The company is also changing the payment allocation for sales representatives, thus lowering its operational costs. Also, in the last six months, the company has outperformed the industry it belongs to.”
  • 1/10/2018 – LKQ was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The Zacks Consensus Estimate for LKQ Corp’s quarterly earnings estimate has been going down of late. In December, The company signed an agreement to acquire the German spare-parts distributor Stahlgruber. This acquisition is in sync with its strategy to expand its presence in Europe through acquisitions and new branch openings for counter sales and distribution centers. In third-quarter 2017, LKQ Corp acquired 11 companies. Also, in the last six months, the company has outperformed the industry it belongs to. However, these frequent acquisitions are hampering its gross margin figures. Also, rising expenses due to fluctuating prices of fuel, scrap metal and other commodities and product recalls are few of the other concerns for the company.”
  • 1/8/2018 – LKQ was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $47.00 price target on the stock. According to Zacks, “In December, LKQ Corp signed an agreement to acquire the German spare-parts distributor Stahlgruber. This acquisition is in sync with its strategy to expand its presence in Europe through acquisitions and new branch openings for counter sales and distribution centers. In third-quarter 2017, LKQ Corp acquired 11 companies. Moreover, the company expects positive growth in its organic sales in fiscal 2017. LKQ Corp is changing the payment allocation for sales representatives, thus lowering its operational costs. Also, in the last three months, the company has outperformed in the industry it belongs to.”
  • 12/27/2017 – LKQ was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Fluctuating prices of fuel, scrap metal and other commodities besides frequent acquisitions might lead to rising costs for LKQ Corp., thereby hampering its financials. LKQ Corp’s gross margins are under pressure due to its recent acquisitions. However, LKQ Corp has outperformed the industry it belongs to in the last three months. The company's earnings and revenues beat the Zacks Consensus Estimate in the third quarter. Compared with the year-ago figures, the company’s earnings per share were in line, whereas the revenues were higher. The company expects positive growth in organic sales in fiscal 2017.”
  • 12/22/2017 – LKQ had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $47.00 price target on the stock.
  • 12/22/2017 – LKQ was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/16/2017 – LKQ was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/14/2017 – LKQ had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.

Shares of LKQ Co. (NASDAQ LKQ) traded up $0.06 during midday trading on Monday, hitting $38.92. 1,933,300 shares of the stock traded hands, compared to its average volume of 1,425,287. LKQ Co. has a one year low of $27.85 and a one year high of $43.86. The stock has a market cap of $12,028.00, a PE ratio of 24.33, a PEG ratio of 1.11 and a beta of 0.94. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.82 and a quick ratio of 1.10.

In other news, VP Michael S. Clark sold 7,500 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $40.07, for a total transaction of $300,525.00. Following the completion of the sale, the vice president now directly owns 61,860 shares of the company’s stock, valued at approximately $2,478,730.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John S. Quinn sold 10,301 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $43.24, for a total transaction of $445,415.24. Following the sale, the executive vice president now directly owns 296,765 shares of the company’s stock, valued at $12,832,118.60. The disclosure for this sale can be found here. Insiders have sold a total of 142,801 shares of company stock valued at $5,811,690 over the last three months. Corporate insiders own 1.10% of the company’s stock.

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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