Barrington Research Reiterates "Outperform" Rating for LKQ (NASDAQ:LKQ)

LKQ (NASDAQ:LKQ - Get Free Report)'s stock had its "outperform" rating restated by analysts at Barrington Research in a research note issued on Tuesday,Benzinga reports. They currently have a $60.00 price target on the auto parts company's stock. Barrington Research's price target suggests a potential upside of 56.78% from the stock's previous close.

Separately, Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $52.60.

LKQ Trading Up 3.1%

LKQ stock traded up $1.16 during mid-day trading on Tuesday, hitting $38.27. The stock had a trading volume of 1,046,149 shares, compared to its average volume of 2,313,328. The stock has a market capitalization of $9.88 billion, a PE ratio of 14.28 and a beta of 0.95. LKQ has a 12 month low of $35.56 and a 12 month high of $45.70. The company has a current ratio of 1.52, a quick ratio of 0.56 and a debt-to-equity ratio of 0.62. The stock has a 50-day simple moving average of $39.12 and a two-hundred day simple moving average of $39.61.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 EPS for the quarter, meeting analysts' consensus estimates of $0.79. The company had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $3.58 billion. LKQ had a return on equity of 14.66% and a net margin of 4.97%. LKQ's revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS. As a group, sell-side analysts forecast that LKQ will post 3.57 EPS for the current year.

Insider Activity at LKQ

In other LKQ news, CEO Justin L. Jude acquired 2,708 shares of the business's stock in a transaction dated Friday, April 25th. The stock was bought at an average price of $36.99 per share, with a total value of $100,168.92. Following the purchase, the chief executive officer owned 280,777 shares of the company's stock, valued at approximately $10,385,941.23. This trade represents a 0.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dominick P. Zarcone sold 5,000 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $38.02, for a total value of $190,100.00. Following the transaction, the director directly owned 316,135 shares in the company, valued at $12,019,452.70. This trade represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company's stock.

Institutional Investors Weigh In On LKQ

A number of institutional investors have recently made changes to their positions in LKQ. Caitong International Asset Management Co. Ltd purchased a new stake in shares of LKQ during the 1st quarter worth approximately $30,000. Banque Cantonale Vaudoise bought a new stake in shares of LKQ during the first quarter worth $40,000. UMB Bank n.a. grew its stake in LKQ by 104.8% in the 1st quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock worth $42,000 after acquiring an additional 500 shares in the last quarter. Horizon Financial Services LLC bought a new position in LKQ in the first quarter worth approximately $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in LKQ by 226.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,100 shares of the auto parts company's stock worth $41,000 after purchasing an additional 763 shares during the period. Hedge funds and other institutional investors own 95.63% of the company's stock.

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.

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