LKQ (NASDAQ:LKQ) Reaches New 52-Week Low – Here’s What Happened

LKQ Corporation (NASDAQ:LKQ)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $27.43 and last traded at $27.4460, with a volume of 948518 shares trading hands. The stock had previously closed at $28.51.

Wall Street Analyst Weigh In

LKQ has been the subject of a number of research reports. Barclays lowered their price objective on shares of LKQ from $34.00 to $33.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 7th. Wall Street Zen lowered shares of LKQ from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of LKQ in a report on Friday, March 27th. JPMorgan Chase & Co. cut their target price on LKQ from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Finally, Zacks Research downgraded LKQ from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, LKQ presently has an average rating of “Hold” and an average target price of $42.33.

LKQ Stock Performance

The company has a current ratio of 1.54, a quick ratio of 0.60 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average of $30.53 and a 200-day moving average of $31.06. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 13.74 and a beta of 0.88.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, April 30th. The auto parts company reported $0.67 EPS for the quarter, hitting analysts’ consensus estimates of $0.67. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.39 billion. LKQ had a return on equity of 11.65% and a net margin of 3.71%.The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 EPS. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. As a group, sell-side analysts predict that LKQ Corporation will post 3.02 earnings per share for the current year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be given a $0.30 dividend. The ex-dividend date is Thursday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.3%. LKQ’s dividend payout ratio is currently 59.41%.

Hedge Funds Weigh In On LKQ

A number of institutional investors have recently bought and sold shares of LKQ. Applied Finance Capital Management LLC raised its holdings in shares of LKQ by 11.0% during the first quarter. Applied Finance Capital Management LLC now owns 662,216 shares of the auto parts company’s stock worth $19,449,000 after purchasing an additional 65,534 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new stake in LKQ during the 1st quarter worth about $28,000. Sound Income Strategies LLC grew its position in LKQ by 4.7% during the 1st quarter. Sound Income Strategies LLC now owns 148,282 shares of the auto parts company’s stock worth $4,346,000 after purchasing an additional 6,609 shares during the period. Root Financial Partners LLC raised its stake in shares of LKQ by 142.4% during the 1st quarter. Root Financial Partners LLC now owns 1,217 shares of the auto parts company’s stock valued at $36,000 after buying an additional 715 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of LKQ by 260.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock valued at $26,000 after buying an additional 650 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

About LKQ

LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company supplies a broad range of replacement components, including recycled original equipment manufacturer (OEM) parts, aftermarket parts, refurbished and remanufactured items. Its products support collision repair, mechanical repair and performance enhancement needs across passenger cars, heavy trucks and recreational vehicles.

Through a combination of in-house operations and strategic acquisitions, LKQ has developed a comprehensive product portfolio that extends beyond core replacement parts.