LKQ (NASDAQ:LKQ) PT Raised to $55.00

LKQ (NASDAQ:LKQ) had its price target increased by equities research analysts at JPMorgan Chase & Co. from $54.00 to $55.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 34.02% from the stock’s previous close.

Several other equities analysts also recently weighed in on LKQ. Roth Mkm reissued a “buy” rating and set a $65.00 price target on shares of LKQ in a research report on Thursday, July 25th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research report on Monday, September 9th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Thursday, July 25th. Finally, Robert W. Baird lowered their price objective on LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $58.00.

LKQ Stock Up 3.4 %

LKQ stock opened at $41.04 on Thursday. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average of $41.40 and a two-hundred day moving average of $44.74. The stock has a market capitalization of $10.80 billion, a price-to-earnings ratio of 13.32 and a beta of 1.29. LKQ has a twelve month low of $35.57 and a twelve month high of $53.68.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.05). The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. As a group, research analysts expect that LKQ will post 3.6 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Matthew J. Mckay bought 2,500 shares of the stock in a transaction dated Monday, July 29th. The stock was bought at an average cost of $39.75 per share, with a total value of $99,375.00. Following the completion of the acquisition, the senior vice president now owns 94,670 shares of the company’s stock, valued at $3,763,132.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Matthew J. Mckay bought 2,500 shares of the stock in a transaction dated Monday, July 29th. The stock was bought at an average cost of $39.75 per share, with a total value of $99,375.00. Following the completion of the acquisition, the senior vice president now owns 94,670 shares of the company’s stock, valued at $3,763,132.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew C. Clarke acquired 7,600 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average cost of $39.70 per share, with a total value of $301,720.00. Following the completion of the acquisition, the director now directly owns 10,519 shares in the company, valued at $417,604.30. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 12,600 shares of company stock worth $500,870. 0.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LKQ

A number of institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in LKQ during the 2nd quarter worth about $33,000. CVA Family Office LLC lifted its stake in LKQ by 54.2% in the first quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock valued at $44,000 after acquiring an additional 290 shares during the last quarter. Quarry LP lifted its stake in shares of LKQ by 65.1% in the fourth quarter. Quarry LP now owns 900 shares of the auto parts company’s stock worth $43,000 after buying an additional 355 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of LKQ in the first quarter worth $56,000. Finally, Banque Cantonale Vaudoise lifted its stake in shares of LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after buying an additional 278 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Company Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.