LKQ Co. (LKQ) VP Varun Laroyia Acquires 1,000 Shares

LKQ Co. (NASDAQ:LKQ) VP Varun Laroyia acquired 1,000 shares of the stock in a transaction that occurred on Friday, October 26th. The stock was purchased at an average cost of $26.50 per share, with a total value of $26,500.00. Following the completion of the acquisition, the vice president now owns 75,673 shares of the company’s stock, valued at $2,005,334.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

LKQ stock traded up $0.84 during midday trading on Monday, reaching $27.22. The company had a trading volume of 53,122 shares, compared to its average volume of 3,480,549. The company has a quick ratio of 1.04, a current ratio of 2.65 and a debt-to-equity ratio of 0.87. LKQ Co. has a fifty-two week low of $25.35 and a fifty-two week high of $43.86. The company has a market cap of $8.39 billion, a P/E ratio of 14.48, a PEG ratio of 0.79 and a beta of 1.20.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 25th. The auto parts company reported $0.56 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.56. LKQ had a return on equity of 14.55% and a net margin of 5.01%. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.12 billion. Analysts expect that LKQ Co. will post 2.22 EPS for the current fiscal year.

LKQ declared that its Board of Directors has approved a share buyback plan on Thursday, October 25th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the auto parts company to purchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Several analysts recently weighed in on the company. Zacks Investment Research raised LKQ from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Tuesday, August 7th. BidaskClub lowered LKQ from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. ValuEngine lowered LKQ from a “hold” rating to a “sell” rating in a report on Thursday, August 23rd. Finally, TheStreet lowered LKQ from a “b-” rating to a “c+” rating in a report on Tuesday, October 23rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $43.22.

Hedge funds have recently modified their holdings of the business. Northern Trust Corp boosted its stake in LKQ by 2.5% in the second quarter. Northern Trust Corp now owns 3,526,926 shares of the auto parts company’s stock valued at $112,509,000 after acquiring an additional 85,952 shares during the period. North Run Capital LP acquired a new position in shares of LKQ during the second quarter worth approximately $10,687,000. Marshall Wace LLP acquired a new position in shares of LKQ during the second quarter worth approximately $1,429,000. Bank of New York Mellon Corp boosted its position in shares of LKQ by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 2,619,800 shares of the auto parts company’s stock worth $83,573,000 after buying an additional 9,586 shares during the period. Finally, Davy Asset Management Ltd acquired a new position in shares of LKQ during the second quarter worth approximately $644,000. Institutional investors own 89.46% of the company’s stock.

LKQ Company Profile

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.

Further Reading: Stock Selection – What is cash flow?

Insider Buying and Selling by Quarter for LKQ (NASDAQ:LKQ)

Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with's FREE daily email newsletter.

Leave a Reply