LKQ Corporation $LKQ Shares Purchased by Private Management Group Inc.

Key Points

• Private Management Group increased its LKQ stake by 18.5% in the second quarter, bringing its holdings to 1.56 million shares worth approximately $41.2 million. Institutional investors and hedge funds collectively own 95.63% of LKQ.
• Analyst sentiment is mixed: Zacks Research and Weiss Ratings downgraded the stock to sell, while JPMorgan and Stephens maintained overweight ratings. LKQ has an average rating of “Hold” and an average price target of $31.08.
• LKQ’s latest quarterly results missed expectations, with adjusted EPS of $0.67 versus $0.71 expected and revenue down 3% year over year to $3.41 billion. The company declared a $0.30 quarterly dividend, equivalent to a 4.6% annualized yield.

Private Management Group Inc. raised its position in LKQ Corporation (NASDAQ:LKQ - Free Report) by 18.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,564,152 shares of the auto parts company's stock after purchasing an additional 244,141 shares during the quarter. LKQ accounts for approximately 1.1% of Private Management Group Inc.'s portfolio, making the stock its 21st largest position. Private Management Group Inc. owned about 0.62% of LKQ worth $41,184,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Seizert Capital Partners LLC raised its holdings in shares of LKQ by 30.1% in the 4th quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company's stock valued at $65,797,000 after buying an additional 503,998 shares during the period. Applied Finance Capital Management LLC boosted its holdings in LKQ by 11.0% during the 1st quarter. Applied Finance Capital Management LLC now owns 662,216 shares of the auto parts company's stock valued at $19,449,000 after acquiring an additional 65,534 shares during the period. Pzena Investment Management LLC acquired a new position in LKQ in the 2nd quarter valued at about $398,696,000. Rice Hall James & Associates LLC acquired a new position in LKQ in the 2nd quarter valued at about $17,859,000. Finally, Alberta Investment Management Corp purchased a new stake in LKQ during the second quarter worth about $2,502,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Zacks Research cut shares of LKQ from a "hold" rating to a "strong sell" rating in a research report on Monday, August 3rd. Weiss Ratings cut shares of LKQ from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, August 13th. Roth Capital set a $35.00 target price on shares of LKQ in a research note on Monday, August 3rd. JPMorgan Chase & Co. reduced their target price on shares of LKQ from $37.00 to $30.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. Finally, Stephens decreased their price target 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. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, LKQ has an average rating of "Hold" and an average target price of $31.08.

LKQ Stock Up 2.8%

Shares of LKQ stock opened at $25.86 on Thursday. The company has a quick ratio of 0.61, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average of $25.42 and a 200 day moving average of $28.31. The company has a market capitalization of $6.54 billion, a P/E ratio of 14.37 and a beta of 0.84. LKQ Corporation has a 52-week low of $21.17 and a 52-week high of $37.13.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its 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 net margin of 3.37% and a return on equity of 10.84%. The business had revenue of $3.41 billion during the quarter, compared to analysts' expectations of $3.48 billion. During the same period last year, the company earned $0.87 EPS. The business's quarterly revenue was down 3.0% compared to the same quarter last year. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. As a group, research analysts forecast that LKQ Corporation will post 2.67 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Thursday, August 20th. LKQ's dividend payout ratio is 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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