LKQ Corporation, based in Chicago, distributes vehicle replacement parts and accessories, valued at $7.8 billion by market cap. Their stock has underperformed the S&P 500, declining 19.3% over the past year. Factors include delayed claim recovery, tariff impacts, and soft market conditions in North America and Europe.
Despite this underperformance, LKQ’s Q3 results beat expectations, with adjusted EPS of $0.84. Full-year adjusted EPS is expected to range from $3 to $3.15. Analysts predict a 11.2% decline in EPS for the current fiscal year, with a mixed earnings surprise history in recent quarters.
Analysts rate LKQ stock as a “Moderate Buy,” with one suggesting a “Strong Sell” a month ago. Barrington’s Gary Prestopino reiterated a “Buy” rating with a price target of $42.50, implying a potential upside of 37.3%. The mean price target is $42.92, offering a 38.6% premium, while a Street-high price target of $50 suggests a 61.5% upside potential.
Read more at Yahoo Finance: Are Wall Street Analysts Bullish on LKQ Corporation Stock?
