LKQ Co. (NASDAQ:LKQ) issued its earnings results on Thursday. The auto parts company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. LKQ had a return on equity of 16.41% and a net margin of 5.48%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the firm earned $0.42 earnings per share. LKQ’s revenue for the quarter was up 21.9% on a year-over-year basis. LKQ updated its FY17 guidance to $1.82-1.92 EPS.
LKQ (NASDAQ:LKQ) traded up 0.85% during mid-day trading on Thursday, hitting $30.99. The company’s stock had a trading volume of 1,012,518 shares. The stock has a market cap of $9.55 billion, a P/E ratio of 19.73 and a beta of 0.51. LKQ has a 52-week low of $27.85 and a 52-week high of $36.35. The company’s 50 day moving average is $29.80 and its 200-day moving average is $31.20. LKQ also saw unusually large options trading activity on Monday. Stock investors acquired 21,785 call options on the stock. This is an increase of 1,740% compared to the typical volume of 1,184 call options.
Several equities research analysts recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and set a $37.00 price target on shares of LKQ in a report on Thursday, April 27th. FBR & Co restated an “outperform” rating and issued a $41.00 price objective (up previously from $40.00) on shares of LKQ in a research note on Friday, April 28th. Zacks Investment Research upgraded LKQ from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. William Blair reiterated an “outperform” rating on shares of LKQ in a research note on Monday, February 27th. Finally, JPMorgan Chase & Co. started coverage on LKQ in a research note on Tuesday, February 21st. They set an “overweight” rating and a $41.00 price target for the company. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $39.25.
In related news, EVP John S. Quinn sold 8,522 shares of the firm’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $31.67, for a total value of $269,891.74. Following the completion of the transaction, the executive vice president now directly owns 269,197 shares of the company’s stock, valued at $8,525,468.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert M. Hanser sold 1,024 shares of the firm’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $31.49, for a total transaction of $32,245.76. Following the completion of the transaction, the director now directly owns 3,552 shares of the company’s stock, valued at $111,852.48. The disclosure for this sale can be found here. Insiders have sold a total of 39,546 shares of company stock valued at $1,206,038 over the last ninety days. Company insiders own 1.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in LKQ. Conning Inc. purchased a new position in LKQ during the third quarter valued at $216,000. Commonwealth Equity Services Inc boosted its position in LKQ by 2.6% in the third quarter. Commonwealth Equity Services Inc now owns 17,893 shares of the auto parts company’s stock valued at $634,000 after buying an additional 456 shares in the last quarter. Stack Financial Management Inc purchased a new position in LKQ during the third quarter valued at $18,321,000. K.J. Harrison & Partners Inc boosted its position in LKQ by 100.0% in the third quarter. K.J. Harrison & Partners Inc now owns 20,000 shares of the auto parts company’s stock valued at $709,000 after buying an additional 10,000 shares in the last quarter. Finally, Bank of The West purchased a new position in LKQ during the third quarter valued at $1,114,000. 88.66% of the stock is owned by institutional investors and hedge funds.
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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.
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