LKQ (NASDAQ:LKQ) Receives "Buy" Rating from Roth Mkm

LKQ (NASDAQ:LKQ - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Roth Mkm in a note issued to investors on Tuesday, Benzinga reports. They presently have a $65.00 price target on the auto parts company's stock. Roth Mkm's price objective would indicate a potential upside of 56.06% from the stock's previous close.

LKQ has been the topic of several other reports. Stifel Nicolaus reissued a "buy" rating and set a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price target on LKQ from $65.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, January 25th. Barrington Research reissued an "outperform" rating and set a $60.00 price target on shares of LKQ in a research report on Friday. Finally, StockNews.com lowered LKQ from a "buy" rating to a "hold" rating in a research report on Friday, February 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $63.80.

LKQ Trading Down 14.9 %

Shares of NASDAQ:LKQ traded down $7.28 during trading on Tuesday, reaching $41.65. 9,654,821 shares of the stock were exchanged, compared to its average volume of 1,641,377. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.53 and a current ratio of 1.47. LKQ has a 12-month low of $41.46 and a 12-month high of $59.38. The firm has a market cap of $11.11 billion, a price-to-earnings ratio of 11.90 and a beta of 1.28. The firm's 50-day moving average price is $51.21 and its 200 day moving average price is $48.36.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.13). LKQ had a return on equity of 17.24% and a net margin of 6.75%. The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.76 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. The firm's revenue for the quarter was up 10.6% compared to the same quarter last year. On average, sell-side analysts anticipate that LKQ will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling at LKQ

In related news, CEO Dominick P. Zarcone sold 200,000 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the sale, the chief executive officer now directly owns 386,522 shares of the company's stock, valued at approximately $20,087,548.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.45% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LKQ

Institutional investors and hedge funds have recently made changes to their positions in the company. Osborne Partners Capital Management LLC bought a new position in LKQ during the 4th quarter worth $5,888,000. River Road Asset Management LLC grew its stake in LKQ by 2.5% during the 4th quarter. River Road Asset Management LLC now owns 4,690,401 shares of the auto parts company's stock worth $224,154,000 after buying an additional 114,207 shares during the last quarter. Applied Finance Capital Management LLC grew its stake in LKQ by 8.3% during the 3rd quarter. Applied Finance Capital Management LLC now owns 339,801 shares of the auto parts company's stock worth $16,824,000 after buying an additional 26,033 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in LKQ by 369.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 456,839 shares of the auto parts company's stock worth $21,832,000 after buying an additional 359,606 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in LKQ by 7.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,071 shares of the auto parts company's stock worth $202,000 after buying an additional 269 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

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.