LKQ Corporation (NASDAQ:LKQ) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• LKQ Corporation has received an average recommendation of "Moderate Buy" from analysts, with one hold and four buy ratings, along with an average target price of $49.50.
• In its latest earnings report, LKQ posted an EPS of $0.87, missing estimates by $0.06, while revenue was $3.64 billion, slightly above expectations.
• The company recently paid a quarterly dividend of $0.30 per share, representing an annualized yield of 3.8% and a payout ratio of approximately 44%.

Shares of LKQ Corporation (NASDAQ:LKQ - Get Free Report) have received a consensus rating of "Moderate Buy" from the five analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $49.50.

A number of equities analysts recently issued reports on LKQ shares. Barrington Research restated an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research note on Tuesday, July 22nd. Robert W. Baird cut their price target on LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a research note on Friday, July 25th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of LKQ in a research note on Saturday, September 27th.

LKQ Stock Up 0.2%

Shares of NASDAQ LKQ traded up $0.05 during mid-day trading on Friday, reaching $31.36. 2,060,784 shares of the company were exchanged, compared to its average volume of 2,749,296. LKQ has a 1 year low of $28.92 and a 1 year high of $44.82. The firm has a 50-day moving average of $31.09 and a 200 day moving average of $36.63. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 11.49 and a beta of 0.84.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The business had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.62 billion. LKQ had a net margin of 5.04% and a return on equity of 13.85%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 earnings per share. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. On average, research analysts expect that LKQ will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

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

Institutional Trading of LKQ

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Anchor Investment Management LLC increased its position in shares of LKQ by 6.3% during the second quarter. Anchor Investment Management LLC now owns 11,859 shares of the auto parts company's stock worth $439,000 after purchasing an additional 701 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in LKQ by 170.0% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,886 shares of the auto parts company's stock valued at $292,000 after acquiring an additional 4,965 shares in the last quarter. Integrated Investment Consultants LLC grew its stake in LKQ by 53.4% during the 2nd quarter. Integrated Investment Consultants LLC now owns 17,312 shares of the auto parts company's stock valued at $641,000 after acquiring an additional 6,029 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of LKQ by 3.8% in the second quarter. EverSource Wealth Advisors LLC now owns 97,200 shares of the auto parts company's stock valued at $3,597,000 after purchasing an additional 3,556 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of LKQ by 4.7% in the second quarter. Rhumbline Advisers now owns 535,387 shares of the auto parts company's stock valued at $19,815,000 after purchasing an additional 23,835 shares in the last quarter. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.