LKQ Corporation (LKQ) is Reiterated by Sterne Agee CRT to Buy, Raises Price Target to $ 40

LKQ Corporation (LKQ) was Reiterated by Sterne Agee CRT to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 40 from a previous price target of $38 . Sterne Agee CRT advised their investors in a research report released on Apr 12, 2016.

Many Wall Street Analysts have commented on LKQ Corporation. Company shares were Reiterated by Sterne Agee CRT on Apr 12, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $38 .Sterne Agee CRT Initiated LKQ Corporation on Mar 2, 2016 to “Buy”, Price Target of the shares are set at $38.Jefferies Initiated LKQ Corporation on Jan 15, 2016 to “Buy”, Price Target of the shares are set at $37.

On the company’s financial health, LKQ Corporation reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.31. The company had revenue of $1748.90 million for the quarter, compared to analysts expectations of $1796.63 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

LKQ Corporation closed down -0.28 points or -0.88% at $31.36 with 19,51,016 shares getting traded on Monday. Post opening the session at $31.92, the shares hit an intraday low of $31.36 and an intraday high of $32 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 17, 2016, Victor M Casini (Senior VP and General Counsel) sold 8,000 shares at $30.50 per share price. According to the SEC, on Mar 1, 2016, Robert A Alberico (Senior VP of Human Resources) sold 1,070 shares at $27.49 per share price. On Nov 4, 2015, Dominick P Zarcone (CFO) purchased 5,000 shares at $29.78 per share price, according to the Form-4 filing with the securities and exchange commission.

LKQ Corporation is a distributor of vehicle products including replacement parts components and systems used in the repair and maintenance of vehicles as well as specialty vehicle products and accessories. The company distributes a variety of products to collision and mechanical repair shops including aftermarket collision and mechanical products recycled collision and mechanical products refurbished collision products such as wheels bumper covers and lights and remanufactured engines. It is a provider of alternative vehicle collision replacement products and alternative vehicle mechanical replacement products with its sales processing and distribution facilities reaching markets in the United States and Canada. It also provides alternative vehicle replacement and maintenance products in the United Kingdom and the Benelux region of continental Europe. The Company is organized into four segments: Wholesale – North America; Wholesale – Europe; Self Service and Specialty.

LKQ Corporation

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