Key Points
- Director Andrew Clarke bought 21,800 LKQ shares at an average $18.35 each, investing about $400,030 and increasing his stake by 62.2% to 56,850 shares.
- LKQ’s latest quarter fell short of expectations: EPS was $0.50 versus the $0.58 consensus, revenue was $3.32 billion versus $3.36 billion expected, and revenue declined 5.1% year over year.
- Analysts’ average rating was Hold, with a $26.07 average price target. LKQ also declared a $0.30 quarterly dividend, equivalent to a 6.2% yield; its reported payout ratio was 120%.
LKQ Corporation (NASDAQ:LKQ - Get Free Report) Director Michael Scott Powell bought 10,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were purchased at an average price of $19.15 per share, for a total transaction of $191,500.00. Following the completion of the acquisition, the director owned 20,998 shares of the company's stock, valued at $402,111.70. The trade was a 90.93% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
LKQ Stock Performance
Shares of LKQ stock opened at $19.26 on Wednesday. The stock has a market cap of $4.86 billion, a P/E ratio of 8.20 and a beta of 0.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.75 and a quick ratio of 0.67. The company has a fifty day moving average price of $22.52 and a two-hundred day moving average price of $27.08. LKQ Corporation has a one year low of $16.85 and a one year high of $37.13.
LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The auto parts company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.08). The firm had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.36 billion. LKQ had a net margin of 1.89% and a return on equity of 9.57%. The business's revenue was down 5.1% on a year-over-year basis. During the same period last year, the business earned $0.84 EPS. As a group, equities analysts predict that LKQ Corporation will post 2.22 EPS for the current year.
LKQ Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.2%. The ex-dividend date is Thursday, November 19th. LKQ's dividend payout ratio (DPR) is 120.00%.
Trending Headlines about LKQ
Here are the key news stories impacting LKQ this week:
- Positive Sentiment: Two directors disclosed substantial stock purchases: Andrew Clarke bought 21,800 shares for about $400,000, while Michael Scott Powell bought 10,000 shares for about $191,500. Insider buying may signal confidence, though it does not guarantee a recovery. SEC filing for Andrew Clarke purchase SEC filing for Michael Scott Powell purchase
- Negative Sentiment: Reported consensus price targets were cut, including a 16.53% reduction to $27.19 and a separate 17.48% reduction to €24.15. Lower targets suggest analysts have become more cautious about LKQ’s outlook. Report on dollar price target Report on euro price target
- Negative Sentiment: Several law firms announced investigations into possible securities-law violations, based on allegations that LKQ may have provided materially misleading business information. These are investigations, not findings of wrongdoing, but the headlines could weigh on sentiment. Block & Leviton investigation announcement Rosen Law investigation announcement
- Negative Sentiment: Unusual options activity included 29,165 put options purchased—about 22 times typical volume—pointing to elevated hedging or bearish positioning.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on LKQ. Jefferies Financial Group reissued a "buy" rating and set a $30.00 price target on shares of LKQ in a research report on Friday, October 23rd. Weiss Ratings cut LKQ from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday. Barclays raised LKQ from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective for the company in a research report on Monday, October 26th. Barrington Research downgraded LKQ from an "outperform" rating to a "market perform" rating in a research note on Friday, October 23rd. Finally, Robert W. Baird decreased their target price on LKQ from $30.00 to $23.00 and set an "outperform" rating on the stock in a report on Monday, October 26th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $26.07.
Check Out Our Latest Analysis on LKQ
Institutional Trading of LKQ
A number of hedge funds have recently modified their holdings of LKQ. BlackRock Inc. bought a new stake in shares of LKQ during the 2nd quarter worth about $1,015,096,000. Pzena Investment Management LLC grew its stake in LKQ by 49.0% in the 3rd quarter. Pzena Investment Management LLC now owns 22,556,858 shares of the auto parts company's stock valued at $514,973,000 after buying an additional 7,414,573 shares during the last quarter. Nykredit A S acquired a new position in LKQ in the 2nd quarter valued at about $84,795,000. Bank of New York Mellon Corp bought a new position in LKQ in the 2nd quarter valued at about $76,343,000. Finally, Bank of America Corp DE bought a new position in LKQ in the 2nd quarter valued at about $58,221,000. Institutional investors and hedge funds own 95.63% of the company's stock.
LKQ Company Profile
(
Get Free Report)
LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.
LKQ's operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.
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