LKQ (LKQ) Projected to Post Earnings on Thursday

LKQ (NASDAQ:LKQ) is projected to release its earnings data before the market opens on Thursday, February 20th. Analysts expect LKQ to post earnings of $0.76 per share and revenue of $3.42 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

LKQ Price Performance

Shares of LKQ opened at $39.51 on Wednesday. LKQ has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. The firm’s 50 day moving average price is $37.48 and its 200 day moving average price is $38.73. The company has a market cap of $10.27 billion, a P/E ratio of 14.74 and a beta of 1.29. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69.

Analysts Set New Price Targets

Several brokerages recently weighed in on LKQ. Robert W. Baird cut their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on shares of LKQ from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Friday, February 14th. Stifel Nicolaus dropped their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ has a consensus rating of “Buy” and an average target price of $52.40.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total value of $184,200.00. Following the transaction, the director now directly owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

About LKQ

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; 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.