In a report released today, Gary Prestopino from Barrington maintained a Buy rating on LKQ Corp (NASDAQ: LKQ), with a price target of $45. The company’s shares closed on Friday at $27.76, close to its 52-week low of $27.70.
Prestopino observed:
“We are estimating Q3/18 revenue of $3.12 billion and adjusted EPS of $0.54. Consensus expectations call for revenue of $3.15 billion and adjusted EPS of $0.57. LKQ does not give quarterly guidance.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -0.2% and a 34.8% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Liquidity Services.
LKQ Corp has an analyst consensus of Strong Buy, with a price target consensus of $41.67, a 50.1% upside from current levels. In a report issued on October 10, Raymond James also maintained a Buy rating on the stock with a $35 price target.
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Based on LKQ Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $157 million. In comparison, last year the company had a net profit of $122 million.
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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.
