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LKQ (NASDAQ:LKQ - Get Rating) was upgraded by equities research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Sunday.

LKQ has been the subject of a number of other research reports. MKM Partners initiated coverage on shares of LKQ in a research report on Wednesday, July 13th. They issued a "buy" rating and a $68.00 price objective for the company. Guggenheim boosted their price target on LKQ to $70.00 in a research report on Monday, August 15th.LKQ Stock Up 0.1 %

LKQ stock opened at $53.45 on Friday. The company has a fifty day simple moving average of $52.89 and a 200 day simple moving average of $49.92. The company has a current ratio of 1.74, a quick ratio of 0.68 and a debt-to-equity ratio of 0.41. LKQ has a 1-year low of $42.36 and a 1-year high of $60.43. The company has a market cap of $14.67 billion, a P/E ratio of 12.70 and a beta of 1.40.

LKQ (NASDAQ:LKQ - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The auto parts company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.07. LKQ had a return on equity of 19.88% and a net margin of 9.21%. The company had revenue of $3.30 billion during the quarter, compared to analysts' expectations of $3.39 billion. During the same quarter last year, the company earned $1.13 EPS. LKQ's revenue for the quarter was down 3.9% compared to the same quarter last year. Research analysts anticipate that LKQ will post 3.93 earnings per share for the current fiscal year. Insiders Place Their Bets

In related news, Director John W. Mendel sold 1,617 shares of the business's stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $54.61, for a total value of $88,304.37. Following the completion of the sale, the director now directly owns 15,203 shares in the company, valued at approximately $830,235.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other LKQ news, Director John W. Mendel sold 1,617 shares of LKQ stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $54.61, for a total value of $88,304.37. Following the completion of the sale, the director now owns 15,203 shares in the company, valued at approximately $830,235.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph M. Holsten sold 70,000 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $54.58, for a total transaction of $3,820,600.00. Following the transaction, the director now owns 136,901 shares in the company, valued at approximately $7,472,056.58. The disclosure for this sale can be found here. Company insiders own 0.47% of the company's stock. Institutional Investors Weigh In On LKQ

Several institutional investors and hedge funds have recently bought and sold shares of the company. Clear Street Markets LLC boosted its holdings in shares of LKQ by 395.5% in the 2nd quarter. Clear Street Markets LLC now owns 545 shares of the auto parts company's stock valued at $27,000 after purchasing an additional 435 shares in the last quarter. Covestor Ltd boosted its stake in LKQ by 81.1% in the first quarter. Covestor Ltd now owns 623 shares of the auto parts company's stock valued at $28,000 after buying an additional 279 shares in the last quarter. CX Institutional bought a new position in LKQ in the second quarter valued at about $33,000. Confluence Wealth Services Inc. acquired a new position in LKQ during the fourth quarter worth about $40,000. Finally, Ellevest Inc. bought a new position in shares of LKQ in the second quarter worth about $36,000. Institutional investors own 98.75% of the company's stock. About LKQ (Get Rating)

LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.Featured ArticlesGet a free copy of the StockNews.com research report on LKQ (LKQ)Could Snap Stock Rebound As Management Restructures?MarketBeat: Week in Review 8/29 – 9/2Hormel Looks Cheap At These Levels Lululemon Set To Soar Into SeptemberCould Nike Stock be Oversold, but Still Overvalued?

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