Lone Peak Global Investors LLC Has $19.21 Million Stock Position in LKQ Corporation $LKQ

Key Points

• Lone Peak Global Investors increased its LKQ stake by 77.7% in the second quarter to 729,538 shares worth approximately $19.21 million. Institutional investors and hedge funds collectively own 95.63% of LKQ.
• LKQ reported weaker-than-expected quarterly results, with EPS of $0.67 versus the $0.71 consensus and revenue of $3.41 billion versus $3.48 billion expected. Revenue fell 3% year over year, and the stock recently traded at $24.71.
• LKQ declared a quarterly dividend of $0.30, equivalent to $1.20 annually and a 4.9% yield. Analysts have a consensus “Hold” rating with an average price target of $31.08, although ratings range from Buy to Strong Sell.

Lone Peak Global Investors LLC grew its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 77.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 729,538 shares of the auto parts company's stock after purchasing an additional 319,091 shares during the period. LKQ makes up approximately 2.6% of Lone Peak Global Investors LLC's holdings, making the stock its 18th largest holding. Lone Peak Global Investors LLC owned approximately 0.29% of LKQ worth $19,209,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. BlackRock Inc. bought a new stake in LKQ in the second quarter valued at $1,015,096,000. Private Management Group Inc. lifted its holdings in shares of LKQ by 18.5% during the second quarter. Private Management Group Inc. now owns 1,564,152 shares of the auto parts company's stock valued at $41,184,000 after acquiring an additional 244,141 shares during the period. Applied Finance Capital Management LLC boosted its stake in shares of LKQ by 11.0% in 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 purchasing an additional 65,534 shares in the last quarter. Rice Hall James & Associates LLC bought a new stake in shares of LKQ in the 2nd quarter worth about $17,859,000. Finally, Lakewood Capital Management LP bought a new stake in shares of LKQ in the 2nd quarter worth about $6,977,000. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Stock Down 1.6%

Shares of NASDAQ:LKQ opened at $24.71 on Wednesday. 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 firm has a market cap of $6.25 billion, a P/E ratio of 13.73 and a beta of 0.85. LKQ Corporation has a 12 month low of $21.17 and a 12 month high of $37.13. The company's 50-day moving average price is $25.36 and its two-hundred day moving average price is $27.78.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.04). The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.48 billion. LKQ had a return on equity of 10.84% and a net margin of 3.37%.The business's revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. 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 disclosed 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 annualized dividend and a yield of 4.9%. The ex-dividend date is Thursday, August 20th. LKQ's dividend payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LKQ shares. Raymond James Financial set a $30.00 price target on shares of LKQ in a report on Friday, July 31st. JPMorgan Chase & Co. decreased their price objective on shares of LKQ from $37.00 to $30.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Stephens dropped their price objective on shares of LKQ from $39.00 to $36.50 and set an "overweight" rating for the company in a report on Tuesday, July 21st. Roth Capital set a $35.00 target price on shares of LKQ in a research note on Monday, August 3rd. Finally, Zacks Research downgraded LKQ from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, LKQ currently has a consensus rating of "Hold" and an average price target of $31.08.

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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