In today’s session LKQ Corporation (LKQ) recorded an unusually high (3,283) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious LKQ decrease. With 3,283 contracts traded and 36114 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: LKQ161118P00035000 closed last at: $2.3 or 9.8% down. About 41,053 shares traded hands. LKQ Corporation (NASDAQ:LKQ) has risen 5.81% since March 11, 2016 and is uptrending. It has outperformed by 0.35% the S&P500.
Analysts await LKQ Corporation (NASDAQ:LKQ) to report earnings on November, 3. They expect $0.45 EPS, up 32.35% or $0.11 from last year’s $0.34 per share. LKQ’s profit will be $136.77M for 18.46 P/E if the $0.45 EPS becomes a reality. After $0.55 actual EPS reported by LKQ Corporation for the previous quarter, Wall Street now forecasts -18.18% negative EPS growth.
LKQ Corporation (NASDAQ:LKQ) Ratings Coverage
Out of 5 analysts covering LKQ (NASDAQ:LKQ), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $42 is the highest target while $31 is the lowest. The $36.80 average target is 10.74% above today’s ($33.23) stock price. LKQ has been the topic of 6 analyst reports since January 15, 2016 according to StockzIntelligence Inc. Susquehanna initiated the shares of LKQ in a report on Friday, August 26 with “Positive” rating. The stock of LKQ Corporation (NASDAQ:LKQ) has “Buy” rating given on Monday, January 18 by Jefferies. Sterne Agee CRT initiated LKQ Corporation (NASDAQ:LKQ) on Wednesday, March 2 with “Buy” rating. On Friday, January 15 the stock rating was initiated by Jefferies with “Buy”. The rating was maintained by Robert W. Baird on Tuesday, March 22 with “Outperform”.
According to Zacks Investment Research, “LKQ Corp is the largest nationwide provider of recycled OEM automotive replacement parts and related services, with sales and processing facilities and redistribution centers that reach most major markets in the United States.”
Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.38, from 1.47 in 2016Q1. The ratio turned negative, as 47 funds sold all LKQ Corporation shares owned while 169 reduced positions. 89 funds bought stakes while 147 increased positions. They now own 270.85 million shares or 0.60% less from 272.48 million shares in 2016Q1.
Millennium Mgmt Limited Liability Company has 0.07% invested in the company for 927,651 shares. Voya Investment Mgmt Llc reported 2.73M shares or 0.21% of all its holdings. Bessemer Gru reported 193 shares or 0% of all its holdings. Gmt Cap accumulated 1.03 million shares or 0.79% of the stock. Commerzbank Aktiengesellschaft Fi has invested 0% of its portfolio in LKQ Corporation (NASDAQ:LKQ). Private Co Na has invested 0.26% of its portfolio in LKQ Corporation (NASDAQ:LKQ). Wright Invsts Service Inc holds 0.09% or 7,060 shares in its portfolio. Norris Perne & French Llp Mi holds 1.49% or 218,840 shares in its portfolio. Goldman Sachs accumulated 0.03% or 2.68M shares. The Florida-based Jaffetilchin Inv Ltd Liability Com has invested 0.12% in LKQ Corporation (NASDAQ:LKQ). Mckinley Cap Management Ltd Liability Com Delaware has 0.36% invested in the company for 231,609 shares. Signalpoint Asset Management Ltd last reported 16,050 shares in the company. The Texas-based Hodges Inc has invested 0.02% in LKQ Corporation (NASDAQ:LKQ). Blair William Com Il has 543,544 shares for 0.16% of their US portfolio. Tokio Marine Asset Management accumulated 279,034 shares or 0.91% of the stock.
Insider Transactions: Since April 15, 2016, the stock had 1 insider buy, and 10 selling transactions for $3.28 million net activity. The insider Zarcone Dominick P bought 5,000 shares worth $158,788. $576,000 worth of shares were sold by HOLSTEN JOSEPH M on Friday, August 26. CASINI VICTOR M had sold 16,000 shares worth $526,320. $6,800 worth of LKQ Corporation (NASDAQ:LKQ) was sold by Wagman Robert L. $16,496 worth of LKQ Corporation (NASDAQ:LKQ) shares were sold by Hanser Robert M.. On Thursday, July 14 Quinn John S sold $433,293 worth of the stock or 13,085 shares.
LKQ Corporation is a global 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 has a market cap of $10.10 billion. The firm distributes a range of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, and recycled collision and mechanical products. It has a 23.03 P/E ratio. It operates through four divisions: Wholesale – North America; Europe; Specialty, and Self Service.
LKQ Company Profile
LKQ Corporation (LKQ), incorporated on February 13, 1998, is a global 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 firm 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. The Firm operates through four divisions: Wholesale – North America; Europe; Specialty, and Self Service.
Another recent and important LKQ Corporation (NASDAQ:LKQ) news was published by Reuters.com which published an article titled: “BRIEF-LKQ Corporation acquires Andrew Page Limited” on October 04, 2016.
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