Dominick P. Zarcone Sells 10,000 Shares of LKQ Co. (NASDAQ:LKQ) Stock

LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone sold 10,000 shares of LKQ stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $41.66, for a total transaction of $416,600.00. Following the sale, the director now directly owns 359,462 shares of the company’s stock, valued at $14,975,186.92. This represents a 2.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

LKQ Stock Up 4.8 %

Shares of LKQ stock traded up $1.91 during trading hours on Thursday, reaching $41.31. 2,096,702 shares of the company’s stock were exchanged, compared to its average volume of 2,004,000. The stock’s 50 day moving average is $37.51 and its 200-day moving average is $38.73. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 15.43 and a beta of 1.29. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. LKQ had a return on equity of 15.15% and a net margin of 4.90%. Analysts predict that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LKQ

Large investors have recently made changes to their positions in the stock. Catalyst Capital Advisors LLC purchased a new stake in shares of LKQ during the third quarter valued at $25,000. Cromwell Holdings LLC grew its holdings in shares of LKQ by 81.0% during the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after buying an additional 332 shares during the last quarter. Allworth Financial LP grew its holdings in shares of LKQ by 94.2% during the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after buying an additional 490 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of LKQ by 31.2% during the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after buying an additional 299 shares during the last quarter. Finally, Kennebec Savings Bank purchased a new stake in shares of LKQ during the third quarter valued at $57,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LKQ has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of LKQ from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Stifel Nicolaus reduced their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, February 14th. Finally, Robert W. Baird reduced their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, LKQ presently has an average rating of “Buy” and an average target price of $52.40.

LKQ Company Profile

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.