LKQ Corporation $LKQ Shares Sold by Applied Finance Capital Management LLC

Key Points

• Applied Finance Capital Management LLC has reduced its stake in LKQ Corporation by 19.8%, holding 505,303 shares worth approximately $18.7 million following the sale of 124,659 shares during the second quarter.
• LKQ reported earnings of $0.87 per share in its last quarterly earnings, missing estimates by $0.06, while revenue was $3.64 billion, surpassing expectations.
• The company announced a $0.30 quarterly dividend, representing a 4.0% yield and a payout ratio of 43.96% as it continues to attract attention from institutional investors.

Applied Finance Capital Management LLC reduced its stake in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 19.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 505,303 shares of the auto parts company's stock after selling 124,659 shares during the quarter. Applied Finance Capital Management LLC owned about 0.20% of LKQ worth $18,702,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of LKQ in the 1st quarter valued at $30,000. Banque Cantonale Vaudoise purchased a new position in LKQ during the 1st quarter worth $40,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in LKQ by 226.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,100 shares of the auto parts company's stock valued at $41,000 after purchasing an additional 763 shares during the period. Horizon Financial Services LLC purchased a new stake in shares of LKQ in the first quarter valued at about $42,000. Finally, Brooklyn Investment Group boosted its stake in shares of LKQ by 91.8% during the first quarter. Brooklyn Investment Group now owns 1,197 shares of the auto parts company's stock worth $51,000 after buying an additional 573 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Up 0.2%

LKQ opened at $29.82 on Friday. LKQ Corporation has a one year low of $28.42 and a one year high of $44.82. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 10.92 and a beta of 0.84. The business's fifty day moving average is $31.02 and its two-hundred day moving average is $35.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%.LKQ's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 earnings per share. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. Analysts anticipate that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a $0.30 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. LKQ's dividend payout ratio is currently 43.96%.

Analyst Upgrades and Downgrades

Several research firms have commented on LKQ. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research note on Tuesday, July 22nd. Weiss Ratings restated a "hold (c-)" rating on shares of LKQ in a research note on Wednesday, October 8th. Zacks Research raised shares of LKQ from a "strong sell" rating to a "hold" rating in a report on Monday. Finally, Robert W. Baird cut their price target on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a report on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, LKQ currently has an average rating of "Moderate Buy" and an average target price of $49.50.

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.

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