LKQ Corporation (NASDAQ:LKQ) Receives $42.33 Average Price Target from Brokerages

Shares of LKQ Corporation (NASDAQ:LKQ) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $42.3333.

A number of equities research analysts have recently weighed in on LKQ shares. Zacks Research raised shares of LKQ from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings raised shares of LKQ from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Finally, Barclays lowered their price objective on shares of LKQ from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, April 7th.

Institutional Investors Weigh In On LKQ

Several hedge funds have recently made changes to their positions in the company. Seizert Capital Partners LLC lifted its position in LKQ by 30.1% during the fourth quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock valued at $65,797,000 after buying an additional 503,998 shares during the period. SG Americas Securities LLC boosted its stake in LKQ by 3,046.7% during the fourth quarter. SG Americas Securities LLC now owns 270,525 shares of the auto parts company’s stock worth $8,170,000 after acquiring an additional 261,928 shares in the last quarter. Entropy Technologies LP purchased a new stake in LKQ in the fourth quarter worth about $3,158,000. Kennedy Capital Management LLC grew its holdings in LKQ by 41.2% in the third quarter. Kennedy Capital Management LLC now owns 314,467 shares of the auto parts company’s stock worth $9,604,000 after purchasing an additional 91,776 shares during the period. Finally, Applied Finance Capital Management LLC increased its stake in shares of LKQ by 11.0% during the first quarter. Applied Finance Capital Management LLC now owns 662,216 shares of the auto parts company’s stock valued at $19,449,000 after purchasing an additional 65,534 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

LKQ Price Performance

Shares of LKQ stock opened at $25.39 on Friday. The business has a 50 day moving average of $26.49 and a 200 day moving average of $29.77. LKQ has a 52 week low of $23.98 and a 52 week high of $39.77. The company has a market cap of $6.47 billion, a PE ratio of 12.57 and a beta of 0.83. The company has a quick ratio of 0.60, a current ratio of 1.54 and a debt-to-equity ratio of 0.51.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, April 30th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. LKQ had a net margin of 3.71% and a return on equity of 11.65%. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the firm earned $0.79 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. As a group, equities research analysts forecast that LKQ will post 3 earnings per share for the current year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. LKQ’s dividend payout ratio is currently 59.41%.

About LKQ

LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company supplies a broad range of replacement components, including recycled original equipment manufacturer (OEM) parts, aftermarket parts, refurbished and remanufactured items. Its products support collision repair, mechanical repair and performance enhancement needs across passenger cars, heavy trucks and recreational vehicles.

Through a combination of in-house operations and strategic acquisitions, LKQ has developed a comprehensive product portfolio that extends beyond core replacement parts.