LKQ Corporation (NASDAQ:LKQ) Receives $51.40 Consensus Target Price from Brokerages

Key Points

• LKQ Corporation receives an average consensus rating of "Buy" from five brokerages, with a 1-year price target set at $51.40.
• The company posted $0.87 EPS in its latest earnings report, missing estimates, with revenue slightly beating expectations at $3.64 billion.
• LKQ recently declared a quarterly dividend of $0.30 per share, representing an annualized yield of 3.7% and a payout ratio of approximately 43.96%.

Shares of LKQ Corporation (NASDAQ:LKQ - Get Free Report) have been assigned an average rating of "Buy" from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $51.40.

A number of research firms have issued reports on LKQ. Barrington Research reiterated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a report on Tuesday, July 22nd. Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Robert W. Baird dropped their target price on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a report on Friday, July 25th.

LKQ Trading Down 1.3%

NASDAQ:LKQ traded down $0.44 during trading hours on Friday, hitting $31.88. The company had a trading volume of 534,538 shares, compared to its average volume of 2,773,531. The company has a market capitalization of $8.20 billion, a PE ratio of 11.69 and a beta of 0.90. The stock has a 50-day moving average price of $33.40 and a 200 day moving average price of $37.98. LKQ has a 52 week low of $28.92 and a 52 week high of $44.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 0.69.

LKQ (NASDAQ:LKQ - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $3.62 billion. LKQ had a net margin of 5.04% and a return on equity of 13.85%. The business's revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. On average, equities research analysts predict that LKQ will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Thursday, August 14th. LKQ's payout ratio is 43.96%.

Hedge Funds Weigh In On LKQ

Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new position in LKQ in the 1st quarter worth about $321,000. Goodman Financial Corp boosted its stake in LKQ by 2.8% in the 1st quarter. Goodman Financial Corp now owns 317,305 shares of the auto parts company's stock worth $13,498,000 after purchasing an additional 8,502 shares in the last quarter. Teacher Retirement System of Texas bought a new position in LKQ in the 1st quarter worth about $1,618,000. PNC Financial Services Group Inc. boosted its stake in LKQ by 20.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 65,319 shares of the auto parts company's stock worth $2,779,000 after purchasing an additional 10,909 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in LKQ by 1.6% in the 1st quarter. Amalgamated Bank now owns 50,851 shares of the auto parts company's stock worth $2,163,000 after purchasing an additional 801 shares in the last quarter. Institutional investors own 95.63% of the company's stock.

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.