BidaskClub Downgrades LKQ (NASDAQ:LKQ) to Sell

LKQ (NASDAQ:LKQ) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday, BidAskClub reports.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of LKQ from a “hold” rating to a “sell” rating and set a $29.00 price objective for the company. in a research report on Friday, July 26th. Wellington Shields cut shares of LKQ from a “buy” rating to a “gradually accumulate” rating in a research report on Thursday, July 25th. TheStreet cut shares of LKQ from a “b-” rating to a “c+” rating in a research report on Friday, May 10th. Barrington Research set a $43.00 price target on shares of LKQ and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, ValuEngine cut shares of LKQ from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.50.

NASDAQ:LKQ opened at $24.75 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The firm has a 50-day moving average price of $26.21. The stock has a market cap of $7.72 billion, a PE ratio of 11.30, a P/E/G ratio of 0.82 and a beta of 1.33. LKQ has a 1-year low of $22.74 and a 1-year high of $34.74.



LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.28 billion. LKQ had a net margin of 3.36% and a return on equity of 14.54%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. On average, analysts predict that LKQ will post 2.34 earnings per share for the current year.

In other news, EVP John S. Quinn sold 10,721 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $27.04, for a total transaction of $289,895.84. Following the transaction, the executive vice president now owns 254,674 shares of the company’s stock, valued at $6,886,384.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.71% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LKQ. Dimensional Fund Advisors LP grew its position in shares of LKQ by 14.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,776,182 shares of the auto parts company’s stock valued at $89,622,000 after acquiring an additional 485,510 shares during the period. Geode Capital Management LLC grew its position in shares of LKQ by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 4,266,318 shares of the auto parts company’s stock valued at $101,069,000 after acquiring an additional 316,437 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in shares of LKQ during the 4th quarter valued at about $203,000. Nisa Investment Advisors LLC grew its position in shares of LKQ by 36.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 74,465 shares of the auto parts company’s stock valued at $2,113,000 after acquiring an additional 20,000 shares during the period. Finally, IFM Investors Pty Ltd grew its position in shares of LKQ by 7.3% during the 1st quarter. IFM Investors Pty Ltd now owns 22,033 shares of the auto parts company’s stock valued at $625,000 after acquiring an additional 1,503 shares during the period. Hedge funds and other institutional investors own 90.72% of the company’s stock.

About LKQ

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. 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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