Barrington analyst Gary Prestopino maintained a Buy rating on LKQ Corp (LKQ) today and set a price target of $42.50. The company’s shares opened today at $31.10.
Prestopino commented:
“We believe progress was evident on all four initiatives during Q1/19. We continue to believe that LKQ’s long-term fundamental outlook remains positive driven by market share gains domestically and internationally.”
According to TipRanks.com, Prestopino is a 3-star analyst with an average return of 2.4% and a 49.6% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Payment Data Systems Inc, and US Auto Parts Network.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for LKQ Corp with a $36.38 average price target, representing a 17.0% upside. In a report released yesterday, Stifel Nicolaus also reiterated a Buy rating on the stock with a $38 price target.
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The company has a one-year high of $36.10 and a one-year low of $22.74. Currently, LKQ Corp has an average volume of 2.43M.
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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.
