Northcoast Research downgraded shares of LKQ Corporation (NASDAQ:LKQ) from a buy rating to a neutral rating in a research note released on Tuesday, July 25th, Marketbeat.com reports.
A number of other analysts have also recently weighed in on LKQ. Jefferies Group LLC restated a buy rating and issued a $37.00 price target on shares of LKQ Corporation in a report on Thursday, April 27th. BidaskClub cut shares of LKQ Corporation from a buy rating to a hold rating in a report on Wednesday, July 12th. Stifel Nicolaus restated a buy rating and issued a $37.00 price target on shares of LKQ Corporation in a report on Thursday, July 6th. FBR & Co restated an outperform rating and issued a $41.00 price target (up from $40.00) on shares of LKQ Corporation in a report on Friday, April 28th. Finally, Zacks Investment Research upgraded shares of LKQ Corporation from a sell rating to a hold rating in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $39.33.
LKQ Corporation (NASDAQ LKQ) opened at 33.82 on Tuesday. LKQ Corporation has a 12 month low of $27.85 and a 12 month high of $36.35. The company’s 50-day moving average is $33.15 and its 200-day moving average is $31.44. The stock has a market capitalization of $10.45 billion, a PE ratio of 21.20 and a beta of 0.84.
LKQ Corporation (NASDAQ:LKQ) last issued its earnings results on Thursday, July 27th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. LKQ Corporation had a net margin of 5.31% and a return on equity of 15.74%. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the business earned $0.55 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Equities research analysts forecast that LKQ Corporation will post $1.88 EPS for the current year.
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In other LKQ Corporation news, VP Michael S. Clark sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $31.42, for a total transaction of $157,100.00. Following the completion of the transaction, the vice president now directly owns 62,885 shares of the company’s stock, valued at approximately $1,975,846.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John S. Quinn sold 8,230 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $33.15, for a total transaction of $272,824.50. Following the transaction, the executive vice president now directly owns 254,726 shares of the company’s stock, valued at $8,444,166.90. The disclosure for this sale can be found here. Insiders sold a total of 58,230 shares of company stock valued at $1,905,125 over the last ninety days. 1.10% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the company. Profund Advisors LLC raised its position in LKQ Corporation by 0.3% in the first quarter. Profund Advisors LLC now owns 7,384 shares of the auto parts company’s stock worth $216,000 after buying an additional 22 shares in the last quarter. Cleararc Capital Inc. raised its position in LKQ Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 7,543 shares of the auto parts company’s stock worth $221,000 after buying an additional 69 shares in the last quarter. Albert D Mason Inc. raised its position in LKQ Corporation by 0.6% in the first quarter. Albert D Mason Inc. now owns 13,343 shares of the auto parts company’s stock worth $391,000 after buying an additional 80 shares in the last quarter. Pacer Advisors Inc. raised its position in LKQ Corporation by 3.5% in the first quarter. Pacer Advisors Inc. now owns 5,387 shares of the auto parts company’s stock worth $158,000 after buying an additional 181 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its position in LKQ Corporation by 1.4% in the first quarter. Eqis Capital Management Inc. now owns 13,720 shares of the auto parts company’s stock worth $402,000 after buying an additional 186 shares in the last quarter. 91.81% of the stock is owned by institutional investors.
About LKQ Corporation
LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.
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