Alberta Investment Management Corp Invests $2.50 Million in LKQ Corporation $LKQ

Key Points

• Alberta Investment Management Corp. acquired 95,040 LKQ shares worth approximately $2.5 million, while institutional investors collectively own 95.63% of the company.
• LKQ reported quarterly EPS of $0.67, below the $0.71 consensus estimate, while revenue fell 3% year over year to $3.41 billion. The company issued fiscal 2026 EPS guidance of $2.60–$2.90.
• LKQ announced a quarterly dividend of $0.30 per share, equivalent to a 4.7% annualized yield. Analysts maintain a consensus “Hold” rating with a $31.08 price target, despite mixed recent revisions.

Alberta Investment Management Corp purchased a new position in LKQ Corporation (NASDAQ:LKQ - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 95,040 shares of the auto parts company's stock, valued at approximately $2,502,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its holdings in LKQ by 0.4% during the third quarter. Captrust Financial Advisors now owns 84,939 shares of the auto parts company's stock worth $2,594,000 after buying an additional 377 shares during the period. Harbor Investment Advisory LLC raised its position in LKQ by 260.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company's stock worth $26,000 after buying an additional 650 shares during the last quarter. Root Financial Partners LLC raised its holdings in shares of LKQ by 142.4% during the first quarter. Root Financial Partners LLC now owns 1,217 shares of the auto parts company's stock worth $36,000 after purchasing an additional 715 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in LKQ by 2.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,476 shares of the auto parts company's stock worth $1,339,000 after purchasing an additional 807 shares in the last quarter. Finally, Cedar Mountain Advisors LLC purchased a new stake in LKQ during the first quarter worth $28,000. 95.63% of the stock is currently owned by institutional investors.

LKQ Stock Up 0.1%

Shares of NASDAQ LKQ opened at $25.45 on Tuesday. The business has a 50-day moving average price of $25.42 and a 200 day moving average price of $28.41. LKQ Corporation has a 52-week low of $21.17 and a 52-week high of $37.13. The stock has a market cap of $6.44 billion, a PE ratio of 14.14 and a beta of 0.84. 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 (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 return on equity of 10.84% and a net margin of 3.37%.The company's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Equities research analysts forecast that LKQ Corporation will post 2.67 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.7%. LKQ's payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LKQ. Weiss Ratings cut LKQ from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday. Robert W. Baird set a $30.00 price target on shares of LKQ in a research report on Friday, July 31st. Zacks Research cut LKQ from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Stephens lowered their price objective on shares of LKQ from $39.00 to $36.50 and set an "overweight" rating for the company in a research report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of LKQ from $37.00 to $30.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Three research 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, the company has a consensus rating of "Hold" and a consensus price target of $31.08.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source