Tidal Investments LLC Acquires 152,003 Shares of LKQ Corporation $LKQ

Key Points

• Tidal Investments increased its LKQ stake by 90.1% in the second quarter, purchasing 152,003 additional shares for a total of 320,735 shares valued at approximately $8.45 million. Institutional investors collectively own 95.63% of LKQ.
• Analysts maintain a mixed outlook, with LKQ carrying a consensus “Hold” rating and an average price target of $31.08. Recent targets range from $25 to $36.50, while Zacks downgraded the stock to “strong sell.”
• LKQ’s latest quarterly results missed expectations, with adjusted EPS of $0.67 versus $0.71 expected and revenue of $3.41 billion versus $3.48 billion forecast. The company pays a quarterly dividend of $0.30, equivalent to a 5.0% annualized yield.

Tidal Investments LLC lifted its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 90.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 320,735 shares of the auto parts company's stock after purchasing an additional 152,003 shares during the period. Tidal Investments LLC owned 0.13% of LKQ worth $8,445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its holdings in LKQ by 0.4% during the third quarter. Captrust Financial Advisors now owns 84,939 shares of the auto parts company's stock worth $2,594,000 after buying an additional 377 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in LKQ by 260.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company's stock worth $26,000 after acquiring an additional 650 shares during the last quarter. Root Financial Partners LLC grew its holdings in LKQ by 142.4% during the first quarter. Root Financial Partners LLC now owns 1,217 shares of the auto parts company's stock valued at $36,000 after purchasing an additional 715 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in LKQ by 2.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,476 shares of the auto parts company's stock valued at $1,339,000 after purchasing an additional 807 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in LKQ in the second quarter valued at approximately $25,000. Institutional investors own 95.63% of the company's stock.

Analysts Set New Price Targets

LKQ has been the subject of a number of recent analyst reports. Robert W. Baird set a $30.00 price objective on shares of LKQ in a research report on Friday, July 31st. Barclays reduced their target price on LKQ from $30.00 to $25.00 and set an "equal weight" rating on the stock in a report on Monday, August 3rd. Zacks Research cut LKQ from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. Raymond James Financial set a $30.00 price target on LKQ in a report on Friday, July 31st. Finally, Stephens dropped their price target on LKQ from $39.00 to $36.50 and set an "overweight" rating on the stock in a research report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $31.08.

LKQ Price Performance

Shares of NASDAQ LKQ opened at $24.11 on Friday. The firm has a market cap of $6.10 billion, a PE ratio of 13.39 and a beta of 0.85. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52. LKQ Corporation has a 1-year low of $21.17 and a 1-year high of $37.13. The company has a fifty day moving average price of $25.09 and a 200 day moving average price of $27.32.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.04). The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.48 billion. LKQ had a net margin of 3.37% and a return on equity of 10.84%. The business's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 EPS. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Research analysts predict that LKQ Corporation will post 2.67 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were paid a $0.30 dividend. The ex-dividend date was Thursday, August 20th. This represents a $1.20 annualized dividend and a yield of 5.0%. LKQ's payout ratio is presently 66.67%.

LKQ Profile

LKQ Corporation is a global distributor of replacement parts, components and accessories for automobiles, trucks and other vehicles. The company supplies collision and mechanical repair parts, recycled original equipment parts, remanufactured components, aftermarket products and specialty vehicle equipment to professional repair businesses, insurers, dealerships and other customers.

LKQ operates through a network of distribution centers, parts facilities, salvage yards and self-service locations.

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