LKQ (NASDAQ:LKQ) Given “Buy” Rating at Roth Mkm

LKQ (NASDAQ:LKQ)‘s stock had its “buy” rating reissued by research analysts at Roth Mkm in a research note issued to investors on Thursday, Benzinga reports. They currently have a $59.00 target price on the auto parts company’s stock. Roth Mkm’s target price points to a potential upside of 49.52% from the company’s current price.

A number of other analysts also recently issued reports on LKQ. JPMorgan Chase & Co. raised their target price on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday. Robert W. Baird dropped their price target on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday. Finally, Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Thursday, July 25th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $58.00.

LKQ Price Performance

LKQ traded up $0.63 on Thursday, hitting $39.46. 642,287 shares of the company’s stock were exchanged, compared to its average volume of 1,771,822. The firm has a 50-day moving average price of $41.49 and a 200-day moving average price of $44.82. The stock has a market cap of $10.53 billion, a price-to-earnings ratio of 12.76 and a beta of 1.29. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69. LKQ has a fifty-two week low of $35.57 and a fifty-two week high of $53.68.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.05). LKQ had a net margin of 5.03% and a return on equity of 15.33%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same period in the prior year, the company posted $1.09 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. As a group, equities analysts anticipate that LKQ will post 3.6 earnings per share for the current year.

Insider Activity

In other LKQ news, Director Andrew C. Clarke acquired 7,600 shares of the stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $39.70 per share, with a total value of $301,720.00. Following the transaction, the director now owns 10,519 shares of the company’s stock, valued at approximately $417,604.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Andrew C. Clarke acquired 7,600 shares of LKQ stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of $39.70 per share, with a total value of $301,720.00. Following the purchase, the director now directly owns 10,519 shares in the company, valued at $417,604.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Justin L. Jude bought 2,500 shares of the stock in a transaction on Friday, July 26th. The stock was bought at an average price of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the purchase, the chief executive officer now directly owns 207,515 shares in the company, valued at approximately $8,281,923.65. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 12,600 shares of company stock valued at $500,870. 0.55% of the stock is currently owned by company insiders.

Institutional Trading of LKQ

Several hedge funds have recently made changes to their positions in LKQ. Rothschild Investment LLC purchased a new stake in shares of LKQ in the second quarter valued at approximately $33,000. CVA Family Office LLC lifted its stake in shares of LKQ by 54.2% in the first quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock valued at $44,000 after purchasing an additional 290 shares during the period. Quarry LP boosted its holdings in LKQ by 65.1% during the fourth quarter. Quarry LP now owns 900 shares of the auto parts company’s stock worth $43,000 after buying an additional 355 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in LKQ during the first quarter worth about $56,000. Finally, Banque Cantonale Vaudoise increased its holdings in LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after buying an additional 278 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

About LKQ

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.