5 Best Auto Parts Stocks to Buy Now

3. LKQ Corporation (NASDAQ:LKQ)

Number of Hedge Fund Holders: 31

LKQ Corporation (NASDAQ:LKQ) is trading at bargain levels. As of April 25, the stock is trading at a TTM PE ratio of 13x and has gained 13.29% over the past 12 months. LKQ Corporation (NASDAQ:LKQ) is one of the best auto parts stocks to buy now.

This January, Raymond James analyst Sam Darkatsh raised his price target on LKQ Corporation (NASDAQ:LKQ) $65 from $60 and reiterated an Outperform rating on the shares.

At the end of Q4 2022, 31 hedge funds were long LKQ Corporation (NASDAQ:LKQ) and held stakes worth $692.5 million in the company. Of those, ValueAct Capital was the leading investor in the company and disclosed a position worth $323.7 million.

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