Today it was reported that a Director at LKQ Corp (LKQ), Clinton Allen, exercised options to buy 60,000 LKQ shares at $5.97 a share, for a total transaction value of $358.2K. The options were close to expired and Clinton Allen retained stocks.
Following this transaction Clinton Allen’s holding in the company was increased by 25.91% to a total of $6.68 million. This is Allen’s first transaction since reporting a Sell transaction on CLCT back in February 2018
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Based on LKQ Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.12 billion and quarterly net profit of $134 million. In comparison, last year the company earned revenue of $2.47 billion and had a net profit of $126 million. LKQ’s market cap is $7.29B and the company has a P/E ratio of 12.61. Currently, LKQ Corp has an average volume of 3.19M.
Starting in April 2018, LKQ received 28 Buy ratings in a row. Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $36.80, reflecting a 54.4% upside. Six different firms, including Barrington and Raymond James, currently also have a Buy rating on the stock.
The insider sentiment on LKQ Corp has been positive according to 65 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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LKQ Corp. engages in providing alternative parts to repair and accessorize automobiles and other vehicles. It operates through the following segments: Wholesale-North America, Europe, and Specialty. The Wholesale-North America segment includes Glass and Self Service segments.
