LKQ (NASDAQ:LKQ) Rating Reiterated by Roth Mkm

LKQ (NASDAQ:LKQ)‘s stock had its “buy” rating restated by equities research analysts at Roth Mkm in a report issued on Tuesday, Benzinga reports. They presently have a $65.00 price target on the auto parts company’s stock. Roth Mkm’s price target indicates a potential upside of 50.18% from the company’s previous close.

Other research analysts have also issued research reports about the company. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Friday, April 19th. Stifel Nicolaus reissued a “buy” rating and set a $66.00 target price on shares of LKQ in a report on Tuesday, April 9th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. decreased their target price on LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.60.

LKQ Stock Up 3.9 %

NASDAQ:LKQ opened at $43.28 on Tuesday. The firm has a market capitalization of $11.55 billion, a price-to-earnings ratio of 12.37 and a beta of 1.28. LKQ has a twelve month low of $41.30 and a twelve month high of $59.38. The stock’s 50 day moving average price is $51.08 and its two-hundred day moving average price is $48.30. The company has a quick ratio of 0.53, a current ratio of 1.47 and a debt-to-equity ratio of 0.59.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.13). The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $1.04 EPS. Equities research analysts expect that LKQ will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $51.97, for a total value of $10,394,000.00. Following the transaction, the chief executive officer now directly owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osborne Partners Capital Management LLC acquired a new position in LKQ in the 4th quarter valued at $5,888,000. River Road Asset Management LLC lifted its position in shares of LKQ by 2.5% during the 4th quarter. River Road Asset Management LLC now owns 4,690,401 shares of the auto parts company’s stock worth $224,154,000 after buying an additional 114,207 shares during the last quarter. Applied Finance Capital Management LLC lifted its position in shares of LKQ by 8.3% during the 3rd quarter. Applied Finance Capital Management LLC now owns 339,801 shares of the auto parts company’s stock worth $16,824,000 after buying an additional 26,033 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of LKQ by 369.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 456,839 shares of the auto parts company’s stock worth $21,832,000 after buying an additional 359,606 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in shares of LKQ by 7.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,071 shares of the auto parts company’s stock worth $202,000 after buying an additional 269 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Company Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; 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.