LKQ (NASDAQ:LKQ) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded LKQ from a "strong sell" to a "hold" rating, reflecting a more optimistic view on the stock's performance.
• LKQ's recent earnings report showed a miss on EPS estimates at $0.87, falling short of the consensus estimate of $0.93, with revenue also down 1.6% year-over-year.
• Institutional investors hold 95.63% of LKQ's stock, indicating strong institutional backing and confidence in the company.

LKQ (NASDAQ:LKQ - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other analysts have also issued reports on LKQ. Robert W. Baird decreased their price target on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price objective on shares of LKQ in a report on Tuesday, July 22nd. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of LKQ in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, LKQ currently has an average rating of "Moderate Buy" and an average target price of $49.50.

LKQ Stock Performance

NASDAQ LKQ opened at $29.83 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 0.69. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 10.93 and a beta of 0.84. The company's fifty day moving average is $31.02 and its two-hundred day moving average is $36.04. LKQ has a 52-week low of $28.42 and a 52-week high of $44.82.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.87 earnings per share (EPS) 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 analyst estimates of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%.The business's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. Equities research analysts forecast that LKQ will post 3.57 EPS for the current year.

Institutional Investors Weigh In On LKQ

Institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC acquired a new stake in shares of LKQ during the 1st quarter worth approximately $321,000. Goodman Financial Corp grew its position in shares of LKQ by 2.8% during the 1st quarter. Goodman Financial Corp now owns 317,305 shares of the auto parts company's stock worth $13,498,000 after buying an additional 8,502 shares during the period. Teacher Retirement System of Texas acquired a new position in LKQ during the first quarter valued at approximately $1,618,000. PNC Financial Services Group Inc. grew its holdings in LKQ by 20.0% during the first quarter. PNC Financial Services Group Inc. now owns 65,319 shares of the auto parts company's stock valued at $2,779,000 after purchasing an additional 10,909 shares during the period. Finally, Amalgamated Bank grew its holdings in LKQ by 1.6% during the first quarter. Amalgamated Bank now owns 50,851 shares of the auto parts company's stock valued at $2,163,000 after purchasing an additional 801 shares during the period. Institutional investors and hedge funds 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.

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