LKQ (NASDAQ:LKQ) Stock Rating Upgraded by StockNews.com

LKQ (NASDAQ:LKQ) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Several other equities analysts also recently commented on LKQ. Barrington Research restated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. Roth Mkm restated a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Stifel Nicolaus decreased their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Robert W. Baird cut their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $53.80.

LKQ Stock Performance

NASDAQ:LKQ opened at $37.60 on Monday. LKQ has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The company has a 50 day moving average price of $38.87 and a 200 day moving average price of $40.91. The stock has a market capitalization of $9.77 billion, a P/E ratio of 14.03 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the business posted $0.86 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. Equities research analysts forecast that LKQ will post 3.43 EPS for the current year.

Institutional Trading of LKQ

A number of institutional investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in LKQ during the 3rd quarter valued at $25,000. Rothschild Investment LLC acquired a new position in LKQ in the 2nd quarter valued at about $33,000. Allworth Financial LP lifted its holdings in LKQ by 94.2% in the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 289 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its position in LKQ by 29.8% during the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 278 shares during the last quarter. 95.63% of the stock is currently owned by hedge funds and other 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.