Analysis of LKQ Corporation (LKQ)’s performance, earnings and valuation

A share price of LKQ Corporation [LKQ] is currently trading at $54.74, up 2.57%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LKQ shares have lost -2.22% over the last week, with a monthly amount drifted -4.67%, and not seem to be holding up well over a long-time horizon.

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On 27, February 2023, LKQ Corporation Enters Into Definitive Agreement to Acquire Uni-Select Inc. In a post published today on Yahoo Finance, Compelling strategic fit, enhancing LKQ’s existing business.

From an analyst’s perspective:

LKQ Corporation [NASDAQ: LKQ] stock has seen the most recent analyst activity on July 13, 2022, when MKM Partners initiated its Buy rating and assigned the stock a price target of $68. Previously, Barrington Research upgraded its rating to Outperform on April 28, 2022. On February 17, 2022, downgrade downgraded it’s rating to Mkt Perform. Raymond James upgraded its rating to a Outperform but stick to its price target of $60 on August 02, 2021. Northcoast downgraded its rating to a Neutral. Wellington Shields downgraded its rating to Gradually Accumulate for this stock on July 26, 2019. In a note dated July 26, 2019, Raymond James downgraded an Mkt Perform rating on this stock.

LKQ Corporation experienced fluctuations in its stock price throughout the past year between $43.37 and $59.33. Currently, Wall Street analysts expect the stock to reach $66.04 within the next 12 months. LKQ Corporation [NASDAQ: LKQ] shares were valued at $54.74 at the most recent close of the market. An investor can expect a potential return of 20.64% based on the average LKQ price forecast.

Analyzing the LKQ fundamentals

During the last quarter, LKQ Corporation [NASDAQ:LKQ] saw sales of 3.0 billion, an decline of -5.80%. Gross Margin for this corporation currently stands at +38.97% with Operating Margin at +11.23%, Pretax Margin comes in at +11.86%, and Net Margin reading is +8.93%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 53.46 points at the first support level, and at 52.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.52, and for the 2nd resistance point, it is at 56.30.

LKQ Corporation [LKQ] reported earnings per share of $0.97 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.96/share, meaning a difference of $0.01 and a surprise factor of 1.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $1.09 per share as compared to estimates of $1.02 per share, a difference of $0.07 representing a surprise of 6.90%.

Ratios To Look Out For

A current ratio of 1.90 is a noteworthy aspect of LKQ Corporation [NASDAQ:LKQ]. As well, the Quick Ratio is 0.66, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 1.16, the price to book ratio is 2.62 and the P/E (TTM) ratio is 13.38.

Transactions by insiders

Insider trading has also been a hot topic recently, with 0 insiders purchasing 0 shares and 18 selling 5,891,201 shares in the past 3 months. Recent insider trading involved ValueAct Holdings, L.P., Director, that happened on Mar 07 when 0.2 million shares were sold. Director, ValueAct Holdings, L.P. completed a deal on Mar 06 to sell 0.42 million shares. Meanwhile, Director ValueAct Holdings, L.P. sold 0.47 million shares on Mar 03.