LKQ Corp. initiated with an Overweight at Stephens

Stephens analyst Jeff Lick initiated coverage of LKQ Corp. (LKQ) with an Overweight rating and $39 price target The firm views LKQ as a “deep-value stock” with multiple paths to share upside. The company has a “differentiated position” in the U.S. as the only distributor of both aftermarket and salvage parts, the analyst tells investors in a research note. Stephens says the company is global distributor of aftermarket auto parts with a “margin of safety” in its free cash flow generation.