LKQ (NASDAQ:LKQ) Downgraded by BidaskClub

BidaskClub downgraded shares of LKQ (NASDAQ:LKQ) from a hold rating to a sell rating in a research report released on Tuesday morning, BidAskClub reports.

LKQ has been the subject of several other research reports. Raymond James cut LKQ from an outperform rating to a market perform rating in a report on Friday, July 26th. TheStreet cut LKQ from a b- rating to a c+ rating in a report on Friday, May 10th. ValuEngine cut LKQ from a hold rating to a sell rating in a report on Saturday, May 4th. Barrington Research set a $43.00 price objective on LKQ and gave the stock a buy rating in a report on Monday, April 22nd. Finally, Wellington Shields cut LKQ from a buy rating to a gradually accumulate rating in a report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $34.50.

NASDAQ LKQ opened at $24.59 on Tuesday. LKQ has a fifty-two week low of $22.74 and a fifty-two week high of $34.74. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 2.20. The stock has a 50 day simple moving average of $26.18 and a two-hundred day simple moving average of $27.40. The stock has a market cap of $7.81 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 0.83 and a beta of 1.33.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. LKQ had a return on equity of 14.54% and a net margin of 3.36%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the business posted $0.61 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Sell-side analysts predict that LKQ will post 2.33 earnings per share for the current year.

In other news, EVP John S. Quinn sold 10,721 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $27.04, for a total value of $289,895.84. Following the completion of the transaction, the executive vice president now owns 254,674 shares in the company, valued at approximately $6,886,384.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.71% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Value Advisers LLC purchased a new position in LKQ during the first quarter valued at $93,177,000. New Mountain Vantage Advisers L.L.C. raised its stake in LKQ by 81.8% during the second quarter. New Mountain Vantage Advisers L.L.C. now owns 4,704,201 shares of the auto parts company’s stock valued at $125,179,000 after buying an additional 2,117,077 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in LKQ during the second quarter valued at $54,754,000. FMR LLC raised its stake in LKQ by 13.3% during the first quarter. FMR LLC now owns 11,329,024 shares of the auto parts company’s stock valued at $321,518,000 after buying an additional 1,329,633 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in LKQ by 67.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,594,935 shares of the auto parts company’s stock valued at $69,051,000 after buying an additional 1,047,038 shares during the last quarter. Institutional investors own 90.72% of the company’s stock.

LKQ Company Profile

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.

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