Opinion

LKQ Corporation (NASDAQ:LKQ) current consensus investment analysts is to Buy

LKQ Corporation (NASDAQ:LKQ) stock is presently standing at about $30.23 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 12 analysts covering the company is $37.00, which suggests the stock could still rise over 18 percent. The highest analyst price target is $40.00, which implies a rally of 68 percent. And a quick view of analyst notes show that 3 are rating the stock a buy while 8 rate LKQ a strong buy. There are 0 equity research firms advocating a Hold and 0 consider it Sell.

JP Morgan analysts provided their view on LKQ Corporation (NASDAQ:LKQ) recently. The rating firm issued a Overweight rating to this company in a research note released on Feb 21, 2017. Susquehanna analysts disclosed their opinion on LKQ Corporation (NASDAQ:LKQ) recently. The rating firm gave a Positive rating to this stock in a research note published on Aug 26, 2016. According to a research note disclosed on Oct 01, 2013, analysts at Robert W. Baird have upped their rating on these shares from Neutral to Outperform.

LKQ Corporation (NASDAQ:LKQ) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its EVP and Managing Dir., Europe Quinn John S sold 8,522 company shares for 269890, in a transaction on 2017-02-27. Following the transaction, the EVP and Managing Dir., Europe is left with a stake of 260,675 shares, currently valued at $7880205. Meanwhile, EVP and Managing Dir., Europe Quinn John S sold 16,376 shares worth $518960, through a transaction dated 2017-01-19. Following the completion of the transaction, the insider is left with a stake of 274,751 shares, amounting $8305722.73. LKQ Director HOLSTEN JOSEPH M also sold 3,520 shares, at a stock price of $31.61. This transaction occurred on 2017-01-17 totals $111270. After this transaction, the insider’s stake stands at 260,927 shares, with a market value of $7887823.

Executives hold 1.57 percent of the stock. Leonard A. Damron is one of the biggest insider owners in LKQ Corporation (NASDAQ:LKQ), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 511,035 shares which have current market value of around $15448588.05.William M. Webster,IV is another major inside shareholder in the company. The insider owns 415,560 shares as of 0.13%, currently worth $12562378.8. Robert L. Wagman is ranked as third insider holder of the stock. This insider holds 369,380 shares with a market value around $11166357.4 as of recent close.

LKQ Corporation (NASDAQ:LKQ) Earnings Outlook

In LKQ Corporation (NASDAQ:LKQ)’s latest quarter, EPS moved to $0.39 from $0.45 in preceding quarter and revenues reached at $2,150.41M compared to $2,386.83M. Analysts had expected LKQ Corporation (NASDAQ:LKQ) to post net income of about $0.40 per share on $2,281.44M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.43 to $0.48. That is compared with the $0.42 in EPS it reported during the same period a year ago.

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