J.P.Morgan cuts LKQ price target after company trims 2025 earnings outlook

J.P.Morgan cut its price target on auto parts distributor LKQ Corp LKQ.O to $40 from $49

New PT is still 26% above stock's last close

Maintains rating at 'overweight'

Co on Thursday trimmed its full-year profit and revenue outlook, citing subdued demand for auto parts in North America and Europe

J.P.Morgan says despite some operational positives, co's full-year guidance cut was overdue and reflects weaker-than expected recovery in North American repairable claims

Says passing on tariff costs to customers will likely make aftermarket parts more expensive for body shops

Shares up about 1% at $32, in premarket trade

Seven of nine brokerages rate the stock "buy" or higher, two "hold"; their median PT is $44.25- data compiled by LSEG

As close, stock had fallen 13.7% YTD