Recent Research Analysts’ Ratings Changes for LKQ (LKQ)

Several brokerages have updated their recommendations and price targets on shares of LKQ (NASDAQ: LKQ) in the last few weeks:

  • 2/8/2019 – LKQ was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 2/5/2019 – LKQ was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “LKQ Corporation focuses on growing its footprint through organic expansion and acquisitions. The acquisition of Stahlgruber GmbH allowed LKQ to spread out its existence in the European countries.  Also, LKQ Corporation is witnessing a strong revenue growth in the Parts and services. In the first nine-months of 2018, the figure increased 5.1% year over year. However, global organic revenue growth from parts and services are likely to decline marginally in the fourth quarter. High expenditure due to fluctuating prices of fuel, scrap metal and other commodities and product recall are adding to the company’s selling, general and administrative expenses, which will hurt its margins.”
  • 1/30/2019 – LKQ was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “LKQ Corporation focuses on growing its footprint through organic expansion and acquisitions. The acquisition of Stahlgruber GmbH allowed LKQ to spread out its existence in the European countries. Also, LKQ Corporation is witnessing a strong revenue growth in the Parts and services. In the first nine-months of 2018, the figure increased 5.1% year over year. However, global organic revenue growth from parts and services are likely to decline marginally in the fourth quarter. High expenditure due to fluctuating prices of fuel, scrap metal and other commodities and product recall are adding to the company’s selling, general and administrative expenses, which will hurt its margins.”
  • 1/24/2019 – LKQ was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “LKQ Corp’s global organic revenue growth from parts and services are likely to decline marginally in the fourth quarter. For 2018, the company anticipates organic revenue growth for Parts and services segment in the range of 4.5% to 5.0% compared with the prior guidance of 4.5-5.5%. High expenditure due to fluctuating prices of fuel, scrap metal and other commodities and product recall are adding to the company’s selling, general and administrative expenses, which will hurt its margins.”
  • 1/24/2019 – LKQ was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/18/2019 – LKQ was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.
  • 1/16/2019 – LKQ was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/10/2019 – LKQ was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 1/7/2019 – LKQ was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “LKQ Corp’s global organic revenue growth from parts and services are likely to decline marginally in the fourth quarter. For 2018, the company anticipates organic revenue growth for Parts and services segment in the range of 4.5% to 5.0% compared with the prior guidance of 4.5-5.5%. High expenditure due to fluctuating prices of fuel, scrap metal and other commodities and product recall are adding to the company’s selling, general and administrative expenses, which will hurt its margins.”
  • 12/31/2018 – LKQ was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “LKQ Corp’s third-quarter earnings came in line with the Zacks Consensus Estimate while revenues beat the same.  Global organic revenue growth from parts and services are likely to decline marginally in the fourth quarter. For 2018, the company anticipates organic revenue growth for Parts and services segment in the range of 4.5% to 5.0% compared with the prior guidance of 4.5-5.5%. High expenditure due to fluctuating prices of fuel, scrap metal and other commodities and product recall are adding to the company’s selling, general and administrative expenses, which will hurt its margins.”
  • 12/14/2018 – LKQ had its “buy” rating reaffirmed by analysts at Barrington Research.
  • 12/13/2018 – LKQ was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “LKQ Corp’s third-quarter earnings came in line with the Zacks Consensus Estimate while revenues beat the same.  Global organic revenue growth from parts and services are likely to decline marginally in the fourth quarter. For 2018, the company anticipates organic revenue growth for Parts and services segment in the range of 4.5% to 5.0% compared with the prior guidance of 4.5-5.5%. High expenditure due to fluctuating prices of fuel, scrap metal and other commodities and product recall are adding to the company’s selling, general and administrative expenses, which will hurt its margins.”

Shares of LKQ stock traded up $0.19 during trading hours on Monday, reaching $26.42. The company had a trading volume of 1,262,450 shares, compared to its average volume of 2,990,435. The company has a quick ratio of 1.04, a current ratio of 2.65 and a debt-to-equity ratio of 0.87. The company has a market cap of $8.35 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 0.70 and a beta of 1.25. LKQ Co. has a 1-year low of $22.74 and a 1-year high of $42.49.

In other news, EVP John S. Quinn sold 9,806 shares of the stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $26.56, for a total value of $260,447.36. Following the transaction, the executive vice president now owns 253,578 shares of the company’s stock, valued at approximately $6,735,031.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates increased its holdings in LKQ by 326.8% during the 4th quarter. Raymond James & Associates now owns 789,961 shares of the auto parts company’s stock worth $18,746,000 after purchasing an additional 604,853 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in LKQ during the 4th quarter worth about $477,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in LKQ by 11.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,987 shares of the auto parts company’s stock worth $949,000 after purchasing an additional 4,128 shares in the last quarter. Hunter Associates Investment Management LLC increased its holdings in LKQ by 3.3% during the 4th quarter. Hunter Associates Investment Management LLC now owns 42,496 shares of the auto parts company’s stock worth $1,008,000 after purchasing an additional 1,370 shares in the last quarter. Finally, Bruni J V & Co. Co. increased its holdings in LKQ by 67.6% during the 4th quarter. Bruni J V & Co. Co. now owns 811,706 shares of the auto parts company’s stock worth $19,262,000 after purchasing an additional 327,314 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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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