Research Analysts’ Weekly Ratings Updates for LKQ Corporation (LKQ)

LKQ Corporation (NASDAQ: LKQ) recently received a number of ratings updates from brokerages and research firms:

  • 11/1/2017 – LKQ Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/29/2017 – LKQ Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $43.00 price target on the stock.
  • 10/27/2017 – LKQ Corporation had its “buy” rating reaffirmed by analysts at FBR & Co. They now have a $41.00 price target on the stock. They wrote, “Our view on LKQ has not significantly changed following the company’s 3Q17 results: We believe that this stock remains a high quality investment opportunity in the auto aftermarket that provides investors with a good insurance policy against a downturn in SAAR. The company has a diversified basket of growth opportunities in different regions and different parts categories, which we believe should provide stability to the business model. Moreover, we think that the company’s pan- European acquisition strategy is playing out as the company continues to execute small acquisitions, bolstering its market share in multiple countries. We would be looking for solid growth from the North American business during the back half based on solid execution as well as the company continuing to roll out new parts.””
  • 10/27/2017 – LKQ Corporation had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $42.00 price target on the stock.
  • 10/23/2017 – LKQ Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 10/6/2017 – LKQ Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 10/2/2017 – LKQ Corporation had its price target raised by analysts at Jefferies Group LLC from $37.00 to $42.00. They now have a “buy” rating on the stock.
  • 9/28/2017 – LKQ Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/20/2017 – LKQ Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

LKQ Corporation (NASDAQ:LKQ) last released its earnings results on Thursday, October 26th. The auto parts company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. LKQ Corporation had a net margin of 5.27% and a return on equity of 15.10%. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the business earned $0.41 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year.

In other LKQ Corporation news, Director Guhan Subramanian bought 4,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was purchased at an average price of $33.96 per share, with a total value of $135,840.00. Following the acquisition, the director now owns 23,811 shares of the company’s stock, valued at $808,621.56. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Victor M. Casini sold 25,000 shares of LKQ Corporation stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $36.82, for a total transaction of $920,500.00. Following the sale, the vice president now directly owns 213,884 shares of the company’s stock, valued at approximately $7,875,208.88. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

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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