LKQ Corporation $LKQ Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in LKQ Corporation by 2.7%, now holding approximately 0.31% of the company worth $33.90 million.
• LKQ Corporation reported a missed earnings estimate of $0.87 EPS for the last quarter, falling short of the consensus estimate of $0.93, along with a 1.6% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.30 per share, with a payout ratio of 43.96% and a current yield of 3.9%.

American Century Companies Inc. lessened its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 2.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 796,877 shares of the auto parts company's stock after selling 22,442 shares during the quarter. American Century Companies Inc. owned about 0.31% of LKQ worth $33,899,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LKQ. Ethic Inc. grew its holdings in shares of LKQ by 81.0% in the first quarter. Ethic Inc. now owns 27,049 shares of the auto parts company's stock worth $1,162,000 after purchasing an additional 12,105 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in LKQ by 2.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 93,644 shares of the auto parts company's stock worth $3,984,000 after buying an additional 2,558 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of LKQ during the 1st quarter valued at about $6,670,000. Dimensional Fund Advisors LP grew its stake in shares of LKQ by 14.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,003,769 shares of the auto parts company's stock valued at $255,384,000 after acquiring an additional 771,829 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in LKQ by 162.0% in the 1st quarter. Neuberger Berman Group LLC now owns 22,289 shares of the auto parts company's stock worth $948,000 after purchasing an additional 13,781 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on LKQ. Robert W. Baird decreased their price target on LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a report on Friday, July 25th. Wall Street Zen downgraded LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Barrington Research reaffirmed an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research report on Tuesday, July 22nd. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $51.40.

LKQ Trading Down 0.3%

LKQ stock traded down $0.10 during trading on Tuesday, reaching $31.60. 1,707,920 shares of the company were exchanged, compared to its average volume of 2,593,555. LKQ Corporation has a 52-week low of $28.92 and a 52-week high of $44.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 0.69. The company has a market capitalization of $8.13 billion, a P/E ratio of 11.59 and a beta of 0.92. The stock's 50 day simple moving average is $34.49 and its two-hundred day simple moving average is $38.50.

LKQ (NASDAQ:LKQ - Get Free Report) last released its earnings results on Thursday, July 24th. The auto parts company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). LKQ had a return on equity of 13.85% and a net margin of 5.04%.The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. On average, equities research analysts expect that LKQ Corporation will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.20 annualized dividend and a yield of 3.8%. LKQ's dividend payout ratio is currently 43.96%.

About LKQ

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.