58,970 Shares in LKQ Corporation $LKQ Bought by Parvin Asset Management LLC

Key Points

• Parvin Asset Management purchased 58,970 LKQ shares worth approximately $1.55 million, making LKQ its 15th-largest holding and representing 1.2% of its portfolio. Institutional investors and hedge funds collectively own 95.63% of the company.
• Analyst sentiment is mixed, with LKQ carrying an average “Hold” rating and a $31.08 price target. Recent reports included downgrades to “Sell” and target-price reductions, while the stock opened at $25.75.
• LKQ missed quarterly estimates, reporting $0.67 in EPS and $3.41 billion in revenue, both below consensus. The company declared a quarterly dividend of $0.30 per share, equivalent to a 4.7% annualized yield.

Parvin Asset Management LLC bought a new stake in LKQ Corporation (NASDAQ:LKQ - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 58,970 shares of the auto parts company's stock, valued at approximately $1,553,000. LKQ accounts for approximately 1.2% of Parvin Asset Management LLC's portfolio, making the stock its 15th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Global Retirement Partners LLC purchased a new position in LKQ in the 2nd quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. acquired a new stake in LKQ in the second quarter valued at $25,000. Harbor Investment Advisory LLC grew its holdings in LKQ by 260.0% in the first quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company's stock valued at $26,000 after purchasing an additional 650 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new position in shares of LKQ in the first quarter valued at $28,000. Finally, Essential Partners LLC acquired a new position in shares of LKQ during the 1st quarter worth $30,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Zacks Research downgraded LKQ from a "hold" rating to a "strong sell" rating in a research report on Monday, August 3rd. Weiss Ratings cut LKQ from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, August 13th. Stephens decreased their price objective on LKQ from $39.00 to $36.50 and set an "overweight" rating on the stock in a research note on Tuesday, July 21st. JPMorgan Chase & Co. cut their target price on shares of LKQ from $37.00 to $30.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Finally, Robert W. Baird set a $30.00 price target on shares of LKQ in a research note on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, LKQ has an average rating of "Hold" and an average price target of $31.08.

LKQ Price Performance

Shares of NASDAQ LKQ opened at $25.75 on Thursday. The business has a 50-day moving average of $25.40 and a 200-day moving average of $28.04. LKQ Corporation has a 1-year low of $21.17 and a 1-year high of $37.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 0.61. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 14.31 and a beta of 0.84.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The auto parts company reported $0.67 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the business posted $0.87 EPS. The business's revenue for the quarter was down 3.0% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, equities analysts anticipate that LKQ Corporation will post 2.67 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a dividend of $0.30 per share. 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 dividend payout ratio (DPR) is currently 66.67%.

LKQ Company 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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