5 Best Auto-Parts Stocks to Buy for 2021

3. LKQ Corporation (NASDAQ: LKQ)

Illinois-based LKQ Corporation (NASDAQ: LKQ) ranks third on the list of 10 best auto-parts stocks to buy for 2021, as 51 hedge funds in our database ended the third quarter with stakes in the company, up from 44 funds a quarter earlier. The collective value of these investments is $1.38 billion. In October, LKQ beat analysts’ estimates for the third quarter, posting a non-GAAP EPS of $0.75 and revenue of $3.05 billion.   LKQ stock was downgraded on Dec. 30 by BidaskClub to Buy from Hold.

Madrid, Spain-based venture capital firm Bonsai Partners, which posted a 63.3% return in the quarter (net of fees), said the following about LKQ in their Q3 Investor Letter.

“LKQ is the largest provider of alternative collision and mechanical automotive parts in the United States. In Europe, they are the leading distributor of general automotive maintenance parts and supplies.”

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