LKQ Corp
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, or do-it-for-me, 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 Q2 SEC filings by fund managers ($100M+ AUM)
478% more call options, than puts
Call options by funds: $27.5M | Put options by funds: $4.77M
15% more repeat investments, than reductions
Existing positions increased: 266 | Existing positions reduced: 231
2% less funds holding
Funds holding: 660 [Q1] → 647 (-13) [Q2]
4.02% less ownership
Funds ownership: 99.02% [Q1] → 95.0% (-4.02%) [Q2]
13% less first-time investments, than exits
New positions opened: 86 | Existing positions closed: 99
25% less capital invested
Capital invested by funds: $14.1B [Q1] → $10.5B (-$3.55B) [Q2]
33% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 6 (-3) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Barrington Research Gary Prestopino 61% 1-year accuracy 59 / 97 met price target | 52%upside $60 | Outperform Maintained | 20 Sept 2024 |
Barrington Research Gary Prestopino 61% 1-year accuracy 59 / 97 met price target | 52%upside $60 | Outperform Maintained | 18 Sept 2024 |
Roth MKM Scott Stember 89% 1-year accuracy 16 / 18 met price target | 50%upside $59 | Buy Maintained | 12 Sept 2024 |
JP Morgan Samik Chatterjee 73% 1-year accuracy 43 / 59 met price target | 40%upside $55 | Overweight Maintained | 12 Sept 2024 |
Baird Craig Kennison 64% 1-year accuracy 14 / 22 met price target | 27%upside $50 | Outperform Maintained | 26 Jul 2024 |
Financial journalist opinion
Based on 3 articles about LKQ published over the past 30 days