265,000 Shares in LKQ Corporation $LKQ Bought by Lakewood Capital Management LP

Key Points

• Lakewood Capital Management bought 265,000 LKQ shares worth approximately $6.98 million, joining other institutional investors; hedge funds and institutions own 95.63% of the company.
• LKQ reported weaker-than-expected quarterly results, with EPS of $0.67 versus the $0.71 consensus and revenue down 3% year over year to $3.41 billion. Analysts’ average rating is “Hold,” with an average price target of $31.08 versus the reported share price of $25.74.
• LKQ declared a quarterly dividend of $0.30 per share, implying $1.20 in annualized dividends and a 4.7% yield.

Lakewood Capital Management LP purchased a new stake in LKQ Corporation (NASDAQ:LKQ - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 265,000 shares of the auto parts company's stock, valued at approximately $6,977,000. Lakewood Capital Management LP owned approximately 0.10% of LKQ as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new position in shares of LKQ during the first quarter valued at about $278,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in LKQ by 2.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,476 shares of the auto parts company's stock worth $1,339,000 after buying an additional 807 shares in the last quarter. Empowered Funds LLC purchased a new stake in LKQ in the first quarter worth about $1,162,000. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in LKQ by 170.0% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,886 shares of the auto parts company's stock worth $292,000 after buying an additional 4,965 shares during the period. Finally, Kennedy Capital Management LLC boosted its position in LKQ by 41.2% during the 3rd quarter. Kennedy Capital Management LLC now owns 314,467 shares of the auto parts company's stock valued at $9,604,000 after acquiring an additional 91,776 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on LKQ. Robert W. Baird set a $30.00 target price on LKQ in a report on Friday, July 31st. Roth Capital set a $35.00 target price on LKQ in a research note on Monday, August 3rd. Stephens dropped their price target on LKQ from $39.00 to $36.50 and set an "overweight" rating on the stock in a research report on Tuesday, July 21st. Zacks Research cut LKQ from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. Finally, Raymond James Financial set a $30.00 price objective on LKQ in a report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $31.08.

LKQ Stock Down 0.1%

Shares of NASDAQ:LKQ opened at $25.74 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $25.41 and a two-hundred day simple moving average of $28.16. LKQ Corporation has a 12-month low of $21.17 and a 12-month high of $37.13. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 14.30 and a beta of 0.84.

LKQ (NASDAQ:LKQ - Get Free Report) last released its earnings results 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). The company had revenue of $3.41 billion during the quarter, compared to analysts' expectations of $3.48 billion. LKQ had a return on equity of 10.84% and a net margin of 3.37%.The company's revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, research analysts anticipate that LKQ Corporation will post 2.67 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.20 annualized dividend and a yield of 4.7%. LKQ's payout ratio is 66.67%.

LKQ Profile

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.

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