78,134 Shares in LKQ Corporation $LKQ Acquired by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC acquired 78,134 LKQ shares worth approximately $2.05 million in the second quarter. Institutional investors and hedge funds collectively own 95.63% of LKQ’s stock, with BlackRock also establishing a significant new position.
• LKQ’s latest quarterly results fell short of expectations, with earnings per share of $0.67 versus the $0.71 consensus and revenue of $3.41 billion versus $3.48 billion expected. Revenue declined 3% year over year, while fiscal 2026 EPS guidance is $2.60–$2.90.
• The company declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually and a 4.7% yield. Analysts have a consensus “Hold” rating and an average price target of $31.08, compared with the stock’s reported price of $25.53.

Hsbc Holdings PLC bought a new stake in LKQ Corporation (NASDAQ:LKQ - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 78,134 shares of the auto parts company's stock, valued at approximately $2,047,000.

Several other hedge funds have also made changes to their positions in LKQ. BlackRock Inc. acquired a new position in LKQ during the second quarter worth $1,015,096,000. Seizert Capital Partners LLC raised its position in LKQ by 30.1% during the fourth quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company's stock worth $65,797,000 after acquiring an additional 503,998 shares during the last quarter. Applied Finance Capital Management LLC lifted its holdings in shares of LKQ by 11.0% in the first quarter. Applied Finance Capital Management LLC now owns 662,216 shares of the auto parts company's stock valued at $19,449,000 after purchasing an additional 65,534 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in shares of LKQ in the second quarter valued at approximately $17,859,000. Finally, Lakewood Capital Management LP acquired a new position in shares of LKQ during the 2nd quarter worth approximately $6,977,000. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Price Performance

LKQ stock opened at $25.53 on Monday. The stock has a market cap of $6.46 billion, a PE ratio of 14.18 and a beta of 0.84. The firm's 50-day simple moving average is $25.39 and its 200 day simple moving average is $27.91. LKQ Corporation has a fifty-two week low of $21.17 and a fifty-two week high of $37.13. The company has a quick ratio of 0.61, a current ratio of 1.58 and a debt-to-equity ratio of 0.52.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.04). The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.48 billion. LKQ had a return on equity of 10.84% and a net margin of 3.37%.LKQ's quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. As a group, sell-side analysts predict that LKQ Corporation will post 2.67 EPS for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued 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 dividend yield of 4.7%. LKQ's dividend payout ratio (DPR) is presently 66.67%.

Analysts Set New Price Targets

A number of analysts have issued reports on LKQ shares. Raymond James Financial set a $30.00 price target on LKQ in a research note on Friday, July 31st. JPMorgan Chase & Co. cut their price target on shares of LKQ from $37.00 to $30.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Robert W. Baird set a $30.00 target price on LKQ in a report on Friday, July 31st. Weiss Ratings lowered shares of LKQ from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, August 13th. Finally, Zacks Research cut LKQ from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, LKQ has a consensus rating of "Hold" and an average price target of $31.08.

About LKQ

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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