Polar Asset Management Partners Inc. Invests $3.21 Million in LKQ Corporation $LKQ

Key Points

• Polar Asset Management acquired 122,110 LKQ shares worth approximately $3.21 million in the second quarter. Institutional investors collectively own 95.63% of the company.
• LKQ reported quarterly EPS of $0.67, missing estimates of $0.71, while revenue fell 3% year over year to $3.41 billion. The company maintained fiscal 2026 EPS guidance of $2.60–$2.90.
• LKQ announced a quarterly dividend of $0.30 per share, equal to a 4.7% annualized yield. Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $31.08.

Polar Asset Management Partners Inc. acquired a new stake in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 122,110 shares of the auto parts company's stock, valued at approximately $3,215,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Investment Advisory LLC grew its holdings in shares of LKQ by 260.0% in the first quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company's stock worth $26,000 after purchasing an additional 650 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in LKQ during the 2nd quarter valued at about $25,000. Cedar Mountain Advisors LLC purchased a new stake in LKQ in the 1st quarter valued at about $28,000. Global Retirement Partners LLC purchased a new position in shares of LKQ during the second quarter worth approximately $25,000. Finally, Essential Partners LLC bought a new stake in shares of LKQ during the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 95.63% of the company's stock.

LKQ Price Performance

NASDAQ LKQ opened at $25.37 on Wednesday. LKQ Corporation has a 12-month low of $21.17 and a 12-month high of $37.13. The firm's fifty day simple moving average is $25.39 and its two-hundred day simple moving average is $28.10. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $6.42 billion, a P/E ratio of 14.09 and a beta of 0.84.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The auto parts company reported $0.67 EPS for the quarter, missing analysts' consensus estimates 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 quarter last year, the business posted $0.87 earnings per share. The company'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. Analysts forecast that LKQ Corporation will post 2.67 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Thursday, August 20th. LKQ's payout ratio is currently 66.67%.

Wall Street Analyst Weigh In

LKQ has been the topic of several research reports. Robert W. Baird set a $30.00 price objective on LKQ in a report on Friday, July 31st. Barclays cut their price target on LKQ from $30.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Monday, August 3rd. Roth Capital set a $35.00 price objective on shares of LKQ in a research note on Monday, August 3rd. Zacks Research downgraded shares of LKQ from a "hold" rating to a "strong sell" rating in a research report on Monday, August 3rd. Finally, Weiss Ratings cut shares of LKQ from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $31.08.

LKQ 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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