LKQ's (LKQ) "Hold (C-)" Rating Reiterated at Weiss Ratings

Key Points

• LKQ's stock has been assigned a "hold (C-)" rating by Weiss Ratings, indicating a cautious outlook on the company's performance.
• Despite a missed earnings estimate of $0.87 per share versus the expected $0.93, LKQ reported a revenue of $3.64 billion for the quarter, slightly above analyst estimates.
• Multiple analysts have issued varying ratings, with four giving it a Buy rating and a consensus price target of $49.50, reflecting moderate investor confidence.

LKQ (NASDAQ:LKQ - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other research analysts have also issued reports on the company. Robert W. Baird reduced their price target on 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 research note on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.50.

LKQ Stock Down 0.9%

NASDAQ LKQ opened at $29.70 on Wednesday. The stock's 50 day simple moving average is $31.05 and its 200 day simple moving average is $36.40. LKQ has a one year low of $28.92 and a one year 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. The firm has a market cap of $7.64 billion, a PE ratio of 10.88 and a beta of 0.84.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings data 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). LKQ had a return on equity of 13.85% and a net margin of 5.04%.The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same period in the prior year, the company posted $0.98 EPS. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. LKQ has set its FY 2025 guidance at 3.000-3.30 EPS. As a group, sell-side analysts forecast that LKQ will post 3.57 earnings per share for the current fiscal year.

Institutional Trading of LKQ

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of LKQ by 1.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,774 shares of the auto parts company's stock valued at $799,000 after purchasing an additional 286 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of LKQ by 10.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,062 shares of the auto parts company's stock valued at $173,000 after acquiring an additional 379 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of LKQ by 13.5% in the first quarter. Smartleaf Asset Management LLC now owns 3,348 shares of the auto parts company's stock valued at $139,000 after acquiring an additional 397 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of LKQ by 2.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 20,016 shares of the auto parts company's stock valued at $852,000 after acquiring an additional 405 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of LKQ by 30.2% in the first quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock valued at $79,000 after acquiring an additional 428 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

About LKQ

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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