LKQ (NASDAQ:LKQ) Stock Price Target Lowered at Robert W. Baird

Key Points

• Robert W. Baird lowered LKQ’s price target from $30 to $23 while maintaining an “outperform” rating, implying roughly 32% upside from the prior close.
• Analyst sentiment has weakened, with recent downgrades from Zacks Research, Roth Capital and Barrington Research. LKQ has a consensus “Hold” rating and an average target price of $27.07.
• LKQ opened at $17.42 after reporting quarterly EPS of $0.67 and revenue of $3.41 billion, both below analyst estimates; revenue fell 3% year over year.

LKQ (NASDAQ:LKQ - Get Free Report) had its target price decreased by Robert W. Baird from $30.00 to $23.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an "outperform" rating on the auto parts company's stock. Robert W. Baird's target price would suggest a potential upside of 32.03% from the company's previous close.

A number of other equities analysts have also issued reports on the company. Zacks Research lowered LKQ from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. JPMorgan Chase & Co. cut their target price on LKQ from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Thursday, October 8th. Roth Capital downgraded LKQ from a "buy" rating to a "neutral" rating and set a $18.00 target price on the stock. in a research note on Monday. Barrington Research lowered LKQ from an "outperform" rating to a "market perform" rating in a research report on Friday. Finally, Raymond James Financial set a $30.00 price target on LKQ in a research note on Friday, July 31st. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $27.07.

LKQ Stock Performance

LKQ stock opened at $17.42 on Monday. LKQ has a 1 year low of $17.21 and a 1 year high of $37.13. The firm's 50-day moving average is $23.56 and its 200-day moving average is $25.64. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.61 and a current ratio of 1.58. The company has a market cap of $4.41 billion, a P/E ratio of 9.68 and a beta of 0.87.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.04). LKQ had a return on equity of 10.84% and a net margin of 3.37%. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the previous year, the company earned $0.87 earnings per share. LKQ's quarterly revenue was down 3.0% compared to the same quarter last year. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, equities analysts expect that LKQ will post 2.65 earnings per share for the current year.

Institutional Trading of LKQ

A number of large investors have recently added to or reduced their stakes in LKQ. Leeward Investments LLC MA increased its holdings in shares of LKQ by 321.1% in the third quarter. Leeward Investments LLC MA now owns 1,083,743 shares of the auto parts company's stock valued at $24,742,000 after buying an additional 826,362 shares in the last quarter. Signaturefd LLC boosted its stake in shares of LKQ by 4.3% during the 3rd quarter. Signaturefd LLC now owns 110,944 shares of the auto parts company's stock worth $2,533,000 after acquiring an additional 4,589 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in shares of LKQ in the 3rd quarter worth $499,000. Murphy Pohlad Asset Management LLC grew its holdings in shares of LKQ by 32.7% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 12,425 shares of the auto parts company's stock worth $284,000 after acquiring an additional 3,062 shares during the last quarter. Finally, Tectonic Advisors LLC raised its position in shares of LKQ by 9.9% during the third quarter. Tectonic Advisors LLC now owns 218,363 shares of the auto parts company's stock worth $4,985,000 after purchasing an additional 19,732 shares during the period. 95.63% of the stock is currently owned by institutional investors.

LKQ Company Profile

LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.

LKQ's operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.

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