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