Barclays Has Lowered Expectations for LKQ (NASDAQ:LKQ) Stock Price

LKQ (NASDAQ:LKQ) had its price objective cut by equities researchers at Barclays from $30.00 to $25.00 in a research report issued to clients and investors on Monday, Marketbeat reports. The firm presently has an “equal weight” rating on the auto parts company’s stock. Barclays‘s price target would suggest a potential upside of 11.36% from the stock’s current price.

LKQ has been the subject of several other research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of LKQ in a report on Friday. Robert W. Baird set a $30.00 price objective on shares of LKQ in a research report on Friday. Raymond James Financial set a $30.00 price objective on shares of LKQ in a research note on Friday. JPMorgan Chase & Co. dropped their target price on shares of LKQ from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Stephens cut their target price on LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, LKQ currently has an average rating of “Moderate Buy” and a consensus price target of $32.42.

LKQ Stock Performance

Shares of LKQ opened at $22.45 on Monday. The firm has a market capitalization of $5.72 billion, a P/E ratio of 12.47 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.61 and a current ratio of 1.58. LKQ has a 52 week low of $21.17 and a 52 week high of $37.13. The stock has a 50 day moving average price of $25.77 and a two-hundred day moving average price of $29.10.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, July 30th. The auto parts company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.48 billion. LKQ had a net margin of 3.37% and a return on equity of 10.84%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Equities analysts forecast that LKQ will post 2.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Seizert Capital Partners LLC raised its position in LKQ by 30.1% during the fourth quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock valued at $65,797,000 after buying an additional 503,998 shares during the period. Entropy Technologies LP acquired a new stake in shares of LKQ during the fourth quarter worth approximately $3,158,000. Kennedy Capital Management LLC increased its stake in LKQ by 41.2% in the 3rd quarter. Kennedy Capital Management LLC now owns 314,467 shares of the auto parts company’s stock valued at $9,604,000 after buying an additional 91,776 shares during the period. Applied Finance Capital Management LLC lifted its position in LKQ by 11.0% in the 1st quarter. Applied Finance Capital Management LLC now owns 662,216 shares of the auto parts company’s stock worth $19,449,000 after buying an additional 65,534 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its holdings in shares of LKQ by 152.3% during the 4th quarter. State of Tennessee Department of Treasury now owns 78,360 shares of the auto parts company’s stock valued at $2,574,000 after acquiring an additional 47,299 shares in the last quarter. 95.63% of the stock is currently 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.