LKQ Co. (NASDAQ:LKQ) was the target of unusually large options trading activity on Tuesday. Stock investors acquired 14,384 call options on the stock. This represents an increase of approximately 16,062% compared to the average daily volume of 89 call options.
LKQ (NASDAQ LKQ) opened at $39.42 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.89 and a quick ratio of 1.09. The stock has a market cap of $12,175.58, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 1.05 and a beta of 0.97. LKQ has a 12 month low of $27.85 and a 12 month high of $43.86.
LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, February 22nd. The auto parts company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.37 billion. LKQ had a net margin of 5.48% and a return on equity of 14.84%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share. equities research analysts anticipate that LKQ will post 2.35 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in LKQ by 0.8% in the 4th quarter. BlackRock Inc. now owns 18,779,286 shares of the auto parts company’s stock valued at $763,754,000 after buying an additional 155,013 shares during the period. UBS Asset Management Americas Inc. increased its stake in LKQ by 0.3% in the 4th quarter. UBS Asset Management Americas Inc. now owns 6,259,733 shares of the auto parts company’s stock valued at $254,583,000 after buying an additional 21,067 shares during the period. Goldman Sachs Group Inc. increased its stake in LKQ by 39.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,513,151 shares of the auto parts company’s stock valued at $183,550,000 after buying an additional 1,283,674 shares during the period. CI Global Investments Inc. increased its stake in LKQ by 49.7% in the 4th quarter. CI Global Investments Inc. now owns 3,793,044 shares of the auto parts company’s stock valued at $154,263,000 after buying an additional 1,259,782 shares during the period. Finally, Geode Capital Management LLC increased its stake in LKQ by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 3,444,670 shares of the auto parts company’s stock valued at $139,814,000 after buying an additional 100,423 shares during the period. 93.85% of the stock is currently owned by institutional investors.
LKQ has been the subject of several research reports. Zacks Investment Research upgraded shares of LKQ from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Monday, January 8th. Robert W. Baird reiterated a “buy” rating and issued a $47.00 price target on shares of LKQ in a research report on Friday, December 22nd. BidaskClub upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Wellington Shields downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Stephens set a $50.00 price target on shares of LKQ and gave the company a “buy” rating in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $44.78.
ILLEGAL ACTIVITY WARNING: This story was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://sportsperspectives.com/2018/03/14/investors-buy-large-volume-of-call-options-on-lkq-lkq.html.
LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.
Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.