LKQ Corporation (LKQ) is Resumed by Stifel to Buy, Price Target at $37

LKQ Corporation (LKQ) was Resumed by Stifel to “Buy” and the brokerage firm has set the Price Target at $37. Stifel advised their investors in a research report released on Nov 29, 2016.

On the company’s financial health, LKQ Corporation reported $0.45 EPS for the quarter, based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus estimate of $0.45. The company had revenue of $2386.83 million for the quarter, compared to analysts expectations of $2456.62 million. The company’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

LKQ Corporation opened for trading at $33.34 and hit $33.52 on the upside on Friday, eventually ending the session at $33.44, with a gain of 0.45% or 0.15 points. The heightened volatility saw the trading volume jump to 3,85,921 shares. Company has a market cap of $10,283 M.

In a different news, on Aug 3, 2016, Robert L Wagman (President and CEO) sold 19,700 shares at $34.51 per share price. According to the SEC, on Jul 18, 2016, John S Quinn (EVP and Managing Dir., Europe) sold 13,085 shares at $33.11 per share price. On May 17, 2016, Victor M Casini (Senior VP and General Counsel) sold 16,000 shares at $32.90 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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