LKQ Corp. price target lowered to $43 from $46 at Roth Capital

Roth Capital lowered the firm’s price target on LKQ Corp. (LKQ) to $43 from $46 but keeps a Buy rating on the shares after its Q3 earnings beat. Following outsized Q3 performance aided by a one-time tax benefit and the modest increasing of FY25 guidance, the firm maintains its net constructive stance on shares, the analyst tells investors in a research note. North America collision market continues to face headwinds and Europe is exhibiting softness, but Roth still sees no change to the longer term prospects of the recession-resistant model, now aided by the sale of Self Service, the firm added.