LKQ Co. (NASDAQ:LKQ) – Investment analysts at SunTrust Banks cut their Q1 2020 earnings per share estimates for LKQ in a research note issued on Tuesday, December 10th, Zacks Investment Research reports. SunTrust Banks analyst S. Benjamin now anticipates that the auto parts company will earn $0.60 per share for the quarter, down from their previous estimate of $0.62. SunTrust Banks has a “Buy” rating and a $40.00 price target on the stock. SunTrust Banks also issued estimates for LKQ’s Q2 2020 earnings at $0.71 EPS, Q3 2020 earnings at $0.64 EPS and FY2020 earnings at $2.53 EPS.
LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.14 billion. LKQ had a net margin of 3.50% and a return on equity of 14.79%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share.
Several other research analysts have also recently issued reports on LKQ. Barrington Research reaffirmed a “buy” rating and issued a $42.50 target price on shares of LKQ in a report on Monday, October 28th. Zacks Investment Research cut shares of LKQ from a “hold” rating to a “sell” rating and set a $29.00 target price for the company. in a report on Tuesday, September 10th. Jefferies Financial Group lifted their target price on shares of LKQ from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wolfe Research set a $41.00 price target on shares of LKQ and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Guggenheim set a $38.00 price target on shares of LKQ and gave the stock a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. LKQ currently has an average rating of “Hold” and an average price target of $38.44.
LKQ stock traded down $0.41 during trading hours on Friday, hitting $35.39. The stock had a trading volume of 1,377,137 shares, compared to its average volume of 1,698,499. The company has a quick ratio of 0.93, a current ratio of 2.18 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $10.97 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. LKQ has a 12-month low of $23.16 and a 12-month high of $36.63. The stock’s 50-day moving average price is $35.61 and its 200-day moving average price is $30.44.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in LKQ by 0.9% during the second quarter. Vanguard Group Inc. now owns 32,048,696 shares of the auto parts company’s stock valued at $852,816,000 after buying an additional 293,379 shares during the period. BlackRock Inc. grew its position in LKQ by 0.6% during the second quarter. BlackRock Inc. now owns 20,148,889 shares of the auto parts company’s stock valued at $536,161,000 after buying an additional 117,889 shares during the period. Invesco Ltd. grew its position in LKQ by 9.3% during the second quarter. Invesco Ltd. now owns 5,772,934 shares of the auto parts company’s stock valued at $153,618,000 after buying an additional 491,522 shares during the period. Southpoint Capital Advisors LP grew its position in LKQ by 1.0% during the second quarter. Southpoint Capital Advisors LP now owns 5,000,000 shares of the auto parts company’s stock valued at $133,050,000 after buying an additional 50,000 shares during the period. Finally, New Mountain Vantage Advisers L.L.C. grew its position 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 period. Institutional investors own 89.51% of the company’s stock.
In other news, VP Michael S. Clark sold 3,814 shares of LKQ stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $35.32, for a total value of $134,710.48. Following the completion of the sale, the vice president now directly owns 80,510 shares in the company, valued at $2,843,613.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Blythe J. Mcgarvie sold 13,692 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $35.62, for a total transaction of $487,709.04. Following the sale, the director now owns 20,993 shares of the company’s stock, valued at $747,770.66. The disclosure for this sale can be found here. Insiders sold 27,506 shares of company stock valued at $822,020 over the last quarter. Company insiders own 0.71% 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.
