LKQ Corporation $LKQ Shares Sold by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC has significantly reduced its stake in LKQ Corporation by 72.3%, now holding 22,161 shares worth approximately $943,000 after selling 57,933 shares.
• LKQ reported $0.87 EPS for its latest quarter, missing the consensus estimate of $0.93, while its revenue was $3.64 billion, slightly exceeding expectations.
• The company announced a quarterly dividend of $0.30 per share, representing an annual yield of 3.7% and a payout ratio of 43.96%.

Ashton Thomas Private Wealth LLC reduced its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 72.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,161 shares of the auto parts company's stock after selling 57,933 shares during the period. Ashton Thomas Private Wealth LLC's holdings in LKQ were worth $943,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LKQ. Cambridge Investment Research Advisors Inc. increased its position in shares of LKQ by 1.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,774 shares of the auto parts company's stock valued at $799,000 after acquiring an additional 286 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of LKQ by 10.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,062 shares of the auto parts company's stock worth $173,000 after purchasing an additional 379 shares during the period. Smartleaf Asset Management LLC increased its holdings in LKQ by 13.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,348 shares of the auto parts company's stock valued at $139,000 after purchasing an additional 397 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in LKQ by 2.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 20,016 shares of the auto parts company's stock valued at $852,000 after purchasing an additional 405 shares during the period. Finally, Private Trust Co. NA lifted its stake in LKQ by 30.2% during the first quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock worth $79,000 after purchasing an additional 428 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

LKQ Stock Down 0.7%

Shares of NASDAQ LKQ opened at $32.09 on Thursday. The stock has a market cap of $8.26 billion, a P/E ratio of 11.75 and a beta of 0.90. The business's fifty day simple moving average is $33.27 and its 200-day simple moving average is $37.94. LKQ Corporation has a 12-month low of $28.92 and a 12-month high of $44.82. The company has a current ratio of 1.81, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). The company had revenue of $3.64 billion for 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 revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 EPS. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. As a group, equities analysts predict that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.20 annualized dividend and a yield of 3.7%. LKQ's dividend payout ratio (DPR) is 43.96%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LKQ. Robert W. Baird dropped their price objective on LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a research note on Friday, July 25th. Wall Street Zen lowered LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research report on Tuesday, July 22nd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, LKQ currently has an average rating of "Buy" and an average price target of $51.40.

LKQ Company Profile

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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