Access Investment Management LLC Sells 141,749 Shares of LKQ Corporation $LKQ

Key Points

• Access Investment Management reduced its LKQ stake by 38.6%, selling 141,749 shares and retaining 225,200 shares worth approximately $5.14 million. Institutional investors collectively own 95.63% of the company.
• LKQ’s preliminary third-quarter results were weaker than expected, with revenue of about $3.32 billion and adjusted EPS of $0.47–$0.53. The company withdrew its 2026 guidance, citing European operational disruptions, including an ERP implementation issue in Germany.
• LKQ is undergoing a leadership and operational reset: Salvatore Abbate will become CEO, while Alvarez & Marsal will advise on European operations. Shares opened at $17.42, near their 52-week low, and analysts have an average “Hold” rating with a $30.50 price target.

Access Investment Management LLC cut its position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 38.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 225,200 shares of the auto parts company's stock after selling 141,749 shares during the quarter. Access Investment Management LLC owned approximately 0.09% of LKQ worth $5,141,000 as of its most recent SEC filing.

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

LKQ Stock Performance

NASDAQ LKQ opened at $17.42 on Monday. LKQ Corporation has a fifty-two week low of $17.21 and a fifty-two week high of $37.13. 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 stock has a 50 day simple moving average of $23.56 and a two-hundred day simple moving average of $25.64. The stock 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 posted its earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.04). The business had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.48 billion. LKQ had a net margin of 3.37% and a return on equity of 10.84%. LKQ's quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, analysts forecast that LKQ Corporation will post 2.65 earnings per share for the current year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were issued a $0.30 dividend. The ex-dividend date was Thursday, August 20th. This represents a $1.20 annualized dividend and a yield of 6.9%. LKQ's dividend payout ratio is 66.67%.

LKQ News Summary

Here are the key news stories impacting LKQ this week:

• Positive Sentiment: New CEO appointed: Salvatore A. Abbate, described as an experienced distribution executive, will become president and CEO on December 15, potentially improving execution and providing a fresh start. LKQ appoints Salvatore A. Abbate as CEO
• Positive Sentiment: Turnaround support added: LKQ retained Alvarez & Marsal to advise on its European operations, which could accelerate corrective actions related to execution and profitability. LKQ preliminary third-quarter results and operational actions
• Neutral Sentiment: Full results pending: LKQ plans to release complete third-quarter results on October 29, which should provide more detail on the European disruption and the company’s recovery plans.
• Negative Sentiment: Preliminary results missed expectations: Revenue was approximately $3.32 billion, down from $3.50 billion a year earlier and below the roughly $3.4 billion consensus. LKQ expects a net loss of $16 million to $32 million and adjusted diluted EPS of $0.47–$0.53, versus an analyst estimate near $0.69. LKQ preliminary Q3 results
• Negative Sentiment: Europe is the primary problem: European parts-and-services organic revenue fell 9.8%, reflecting an ERP implementation disruption in Germany and lower volumes in the United Kingdom and Benelux. The segment’s expected EBITDA margin was only 4.1%–5.1%.
• Negative Sentiment: Visibility has weakened: LKQ withdrew its full-year 2026 financial guidance. CEO Justin Jude and LKQ Europe chief Andy Hamilton also departed, increasing uncertainty during the turnaround. LKQ pulls 2026 guidance and names new CEO
• Negative Sentiment: Analyst sentiment deteriorated: Barrington Research downgraded LKQ from “outperform” to “market perform.” A law firm also announced an investigation into whether investors were misled about European operations and the German software rollout.

Analyst Ratings Changes

Several brokerages recently weighed in on LKQ. Raymond James Financial set a $30.00 target price on LKQ in a report on Friday, July 31st. Barrington Research cut LKQ from an "outperform" rating to a "market perform" rating in a research note on Friday. Robert W. Baird set a $30.00 price target on LKQ in a research note on Friday, July 31st. Roth Capital set a $35.00 price objective on LKQ in a research report on Monday, August 3rd. Finally, Stephens dropped their price objective on LKQ from $39.00 to $36.50 and set an "overweight" rating for the company in a research note on Tuesday, July 21st. Four research 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's stock. Based on data from MarketBeat, LKQ has an average rating of "Hold" and an average price target of $30.50.

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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