LKQ Corp (LKQ)

• Market cap: $10B
• 1 day: 0.65%
• 5 days: -1.79%
• 1 month: -2.19%
• 3 months: -6.49%
• 6 months: -14.10%
• Year to date: -18.68%
• 1 year: -15.40%
• 5 years: 7.19%
• 10 years: 32.77%
• Sector: Consumer Discretionary
• Industry: Motor Vehicles & Motor Vehicle Parts & Supplies

About: Since forming in 1998 to consolidate the auto salvage business in the United States, LKQ has developed into a leading distributor of aftermarket and recycled auto parts with around 1,700 facilities across North America and Europe. The company primarily sells into the professional channel and offers an assortment of collision and mechanical parts to both body shops and mechanical repair shops. It also continues to operate more than 70 LKQ pick-your-part junkyards. Separate from the self-service business, LKQ typically purchases around 250,000 salvage vehicles annually that are used to extract vehicle parts for resale.

Employees: 49,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more call options, than puts

Call options by funds: $32.3M | Put options by funds: $16.2M

2% more repeat investments, than reductions

Existing positions increased: 247 | Existing positions reduced: 241

0% more funds holding in top 10

Funds holding in top 10: 6 [Q2] → 6 (+0) [Q3]

2% less funds holding

Funds holding: 647 [Q2] → 634 (-13) [Q3]

6.35% less ownership

Funds ownership: 99.96% [Q2] → 93.61% (-6.35%) [Q3]

11% less capital invested

Capital invested by funds: $11.1B [Q2] → $9.84B (-$1.24B) [Q3]

13% less first-time investments, than exits

New positions opened: 85 | Existing positions closed: 98

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $47 22% upside
• Avg. target: $56 45% upside
• High target: $60 56% upside

7 analyst ratings

• positive: 7 100%
• neutral: 0 0%
• negative: 0 0%

Barrington Research Gary Prestopino 71% 1-year accuracy 91 / 129 met price target	56% upside $60	Outperform Maintained	25 Oct 2024
Stifel Brian Butler 67% 1-year accuracy 2 / 3 met price target	22% upside $47	Buy Maintained	25 Oct 2024
Baird Craig Kennison 56% 1-year accuracy 15 / 27 met price target	25% upside $48	Outperform Maintained	25 Oct 2024
Barrington Research Gary Prestopino 71% 1-year accuracy 91 / 129 met price target	56% upside $60	Outperform Maintained	20 Sept 2024
Barrington Research Gary Prestopino 71% 1-year accuracy 91 / 129 met price target	56% upside $60	Outperform Maintained	18 Sept 2024