LKQ Co. (LKQ) Expected to Earn Q2 2018 Earnings of $0.69 Per Share

LKQ Co. (NASDAQ:LKQ) – Equities researchers at Northcoast Research issued their Q2 2018 EPS estimates for LKQ in a research note issued on Monday. Northcoast Research analyst J. Healy anticipates that the auto parts company will earn $0.69 per share for the quarter. Northcoast Research currently has a “Buy” rating on the stock.

Several other research firms also recently weighed in on LKQ. Zacks Investment Research upgraded LKQ from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Monday, January 15th. Stephens set a $50.00 price target on LKQ and gave the company a “buy” rating in a research note on Tuesday, January 16th. BidaskClub lowered LKQ from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. ValuEngine upgraded LKQ from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Robert W. Baird restated a “buy” rating and set a $47.00 price target on shares of LKQ in a research note on Friday, December 22nd. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $43.56.

Shares of LKQ (LKQ) opened at $40.53 on Wednesday. LKQ has a 52-week low of $27.85 and a 52-week high of $43.86. The firm has a market capitalization of $12,411.21, a price-to-earnings ratio of 22.07, a PEG ratio of 1.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.10 and a current ratio of 2.82.

In other LKQ news, EVP John S. Quinn sold 10,301 shares of LKQ stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $43.24, for a total value of $445,415.24. Following the transaction, the executive vice president now owns 296,765 shares in the company, valued at $12,832,118.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William M. Iv Webster sold 100,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $40.02, for a total value of $4,002,000.00. Following the completion of the sale, the director now directly owns 119,222 shares of the company’s stock, valued at approximately $4,771,264.44. The disclosure for this sale can be found here. Insiders sold 142,801 shares of company stock worth $5,811,690 in the last quarter. 1.10% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Norris Perne & French LLP MI lifted its holdings in shares of LKQ by 3.7% during the third quarter. Norris Perne & French LLP MI now owns 305,470 shares of the auto parts company’s stock worth $10,994,000 after purchasing an additional 10,951 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in LKQ by 110.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,606 shares of the auto parts company’s stock valued at $679,000 after acquiring an additional 10,810 shares during the period. Bank of Montreal Can lifted its holdings in LKQ by 22.9% in the fourth quarter. Bank of Montreal Can now owns 837,550 shares of the auto parts company’s stock valued at $34,062,000 after acquiring an additional 156,224 shares during the period. S&CO Inc. lifted its holdings in LKQ by 41.7% in the third quarter. S&CO Inc. now owns 17,000 shares of the auto parts company’s stock valued at $612,000 after acquiring an additional 5,000 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in LKQ by 106.7% in the third quarter. Janus Henderson Group PLC now owns 2,508,044 shares of the auto parts company’s stock valued at $90,264,000 after acquiring an additional 1,294,439 shares during the period. 92.34% of the stock is owned by hedge funds and other institutional investors.

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LKQ 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.

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