Barrington analyst Gary Prestopino maintained a Buy rating on LKQ Corp (NASDAQ: LKQ) today and set a price target of $45. The company’s shares opened today at $31.53, close to its 52-week low of $29.60.
Prestopino noted:
“We continue to believe that LKQ’s fundamental outlook remains strong despite the bump in the road experienced in Q1/18. We reduced our 2018 and 2019 adjusted EPS estimates to $2.20 and $2.47 from $2.30 and $2.57, respectively. We look for a gradual sequential improvement in adjusted EPS results over the next three quarters. We maintain our OUTPERFORM investment rating and $45 price target. Company Description 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. The company was founded by Donald F. Flynn in February 1998 and is headquartered in Chicago, IL.”
According to TipRanks.com, Prestopino is a 2-star analyst with an average return of 0.9% and a 46.8% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Student Transportation, and Liquidity Services.
LKQ Corp has an analyst consensus of Strong Buy, with a price target consensus of $47.50.
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LKQ Corp’s market cap is currently $9.8B and has a P/E ratio of 17.82. The company has a book value ratio of 2.2239.
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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. The company was founded by Donald F.
