LKQ Co. (NASDAQ:LKQ) Receives $53.80 Average PT from Brokerages

Shares of LKQ Co. (NASDAQ:LKQ - Get Free Report) have been assigned a consensus rating of "Buy" from the five brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $53.80.

LKQ has been the topic of a number of recent analyst reports. Barrington Research restated an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Stifel Nicolaus reduced their price objective on LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Finally, Robert W. Baird reduced their price objective on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th.

Insider Activity

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total value of $184,200.00. Following the completion of the sale, the director now directly owns 374,462 shares in the company, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.55% of the company's stock.

Institutional Investors Weigh In On LKQ

Hedge funds and other institutional investors have recently modified their holdings of the company. Nordea Investment Management AB increased its holdings in shares of LKQ by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company's stock valued at $309,609,000 after acquiring an additional 833,519 shares in the last quarter. Squarepoint Ops LLC grew its holdings in LKQ by 3,683.6% during the second quarter. Squarepoint Ops LLC now owns 274,577 shares of the auto parts company's stock worth $11,420,000 after buying an additional 267,320 shares in the last quarter. Rehmann Capital Advisory Group bought a new stake in LKQ during the third quarter worth $634,000. Quantbot Technologies LP grew its holdings in LKQ by 27,310.6% during the third quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company's stock worth $2,571,000 after buying an additional 64,180 shares in the last quarter. Finally, Regatta Capital Group LLC grew its holdings in LKQ by 3.0% during the third quarter. Regatta Capital Group LLC now owns 19,132 shares of the auto parts company's stock worth $764,000 after buying an additional 556 shares in the last quarter. Institutional investors own 95.63% of the company's stock.

LKQ Stock Performance

LKQ stock traded down $0.47 during trading hours on Thursday, hitting $38.55. 998,986 shares of the stock were exchanged, compared to its average volume of 1,996,834. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $10.02 billion, a P/E ratio of 14.40 and a beta of 1.30. The company has a 50-day simple moving average of $37.80 and a two-hundred day simple moving average of $39.38. LKQ has a 12 month low of $35.56 and a 12 month high of $53.68.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The company had revenue of $3.58 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter last year, the business earned $0.86 earnings per share. LKQ's revenue was up .4% on a year-over-year basis. On average, analysts forecast that LKQ will post 3.43 earnings per share for the current fiscal year.

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.