LKQ (NASDAQ:LKQ) Stock Rating Reaffirmed by Roth Mkm

LKQ (NASDAQ:LKQ)‘s stock had its “buy” rating restated by analysts at Roth Mkm in a research report issued on Thursday, Benzinga reports. They currently have a $65.00 price target on the auto parts company’s stock. Roth Mkm’s price target indicates a potential upside of 66.33% from the stock’s current price.

Other analysts also recently issued reports about the stock. Robert W. Baird dropped their target price on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Stifel Nicolaus restated a “buy” rating and set a $66.00 target price on shares of LKQ in a report on Tuesday, April 9th. Finally, Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Thursday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.

LKQ Trading Down 12.1 %

LKQ stock traded down $5.40 during midday trading on Thursday, hitting $39.08. 4,554,460 shares of the stock were exchanged, compared to its average volume of 1,763,288. The company has a fifty day simple moving average of $42.65 and a two-hundred day simple moving average of $46.64. LKQ has a 52 week low of $35.57 and a 52 week high of $57.73. The stock has a market capitalization of $10.43 billion, a PE ratio of 12.70 and a beta of 1.29. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data 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). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the business earned $1.04 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts anticipate that LKQ will post 3.94 EPS for the current fiscal year.

Insider Activity

In other news, Director Xavier Urbain sold 867 shares of LKQ stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total value of $38,581.50. Following the sale, the director now directly owns 15,606 shares in the company, valued at $694,467. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LKQ

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Keynote Financial Services LLC grew its stake in shares of LKQ by 44.4% in the second quarter. Keynote Financial Services LLC now owns 6,169 shares of the auto parts company’s stock valued at $257,000 after buying an additional 1,896 shares in the last quarter. Nicholas Company Inc. grew its stake in shares of LKQ by 21.2% in the second quarter. Nicholas Company Inc. now owns 182,985 shares of the auto parts company’s stock valued at $7,610,000 after buying an additional 32,045 shares in the last quarter. GYL Financial Synergies LLC grew its stake in shares of LKQ by 6.5% in the second quarter. GYL Financial Synergies LLC now owns 6,178 shares of the auto parts company’s stock valued at $257,000 after buying an additional 379 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of LKQ in the second quarter valued at $60,000. Finally, Oak Family Advisors LLC grew its stake in shares of LKQ by 52.4% in the second quarter. Oak Family Advisors LLC now owns 20,728 shares of the auto parts company’s stock valued at $862,000 after buying an additional 7,124 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

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.