Pzena Investment Management LLC Takes Position in LKQ Corporation $LKQ

Key Points

• Pzena Investment Management acquired 15.14 million LKQ shares worth approximately $398.7 million, giving it a 5.99% stake and making LKQ its 24th-largest holding.
• LKQ’s latest quarterly results missed expectations: EPS was $0.67 versus the $0.71 consensus, while revenue fell 3% year over year to $3.41 billion. The company issued fiscal 2026 EPS guidance of $2.60–$2.90.
• LKQ declared a quarterly dividend of $0.30 per share, equivalent to a 4.7% annualized yield. Analysts’ consensus rating is Hold, with an average price target of $31.08 versus the stock’s reported $25.45 price.

Pzena Investment Management LLC purchased a new stake in LKQ Corporation (NASDAQ:LKQ - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,142,285 shares of the auto parts company's stock, valued at approximately $398,696,000. LKQ comprises 1.2% of Pzena Investment Management LLC's holdings, making the stock its 24th biggest holding. Pzena Investment Management LLC owned about 5.99% of LKQ at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LKQ. Harbor Investment Advisory LLC increased its position in LKQ by 260.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company's stock valued at $26,000 after acquiring an additional 650 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new position in shares of LKQ during the first quarter worth approximately $28,000. Global Retirement Partners LLC acquired a new position in shares of LKQ during the second quarter worth approximately $25,000. Essential Partners LLC bought a new stake in shares of LKQ during the first quarter valued at approximately $30,000. Finally, Torren Management LLC bought a new stake in shares of LKQ during the fourth quarter valued at approximately $32,000. Institutional investors own 95.63% of the company's stock.

LKQ Trading Up 0.1%

LKQ opened at $25.45 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 0.61. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 14.14 and a beta of 0.84. The firm has a 50 day simple moving average of $25.42 and a 200 day simple moving average of $28.41. LKQ Corporation has a fifty-two week low of $21.17 and a fifty-two week high of $37.13.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.67 earnings per share (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 the consensus estimate of $3.48 billion. During the same period in the previous year, the business posted $0.87 earnings per share. LKQ's 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. On average, sell-side analysts anticipate that LKQ Corporation will post 2.67 earnings per share for the current year.

LKQ Announces Dividend

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

Analyst Upgrades and Downgrades

LKQ has been the subject of several research analyst reports. Robert W. Baird set a $30.00 price objective on shares of LKQ in a research report on Friday, July 31st. Roth Capital set a $35.00 price objective on LKQ in a research report on Monday, August 3rd. Raymond James Financial set a $30.00 target price on LKQ in a research note on Friday, July 31st. Barclays dropped their target price on LKQ from $30.00 to $25.00 and set an "equal weight" rating for the company in a research report on Monday, August 3rd. Finally, Weiss Ratings lowered LKQ from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, LKQ presently has an average rating of "Hold" and a consensus 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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