A share price of LKQ Corp [LKQ] is currently trading at $52.18, up 0.62%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LKQ shares have gain 6.12% over the last week, with a monthly amount glided 9.95%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, LKQ Corporation Announces Results for Fourth Quarter and Full Year 2023. In a post published today on Yahoo Finance, Fourth quarter 2023 revenue of $3.5 billion (a 16.6% increase compared to the same period of 2022); annual revenue of $13.9 billion (an 8.4% increase compared to 2022).
From an analyst’s perspective:
LKQ Corp [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 Corp experienced fluctuations in its stock price throughout the past year between $41.49 and $59.38. Currently, Wall Street analysts expect the stock to reach $65 within the next 12 months. LKQ Corp [NASDAQ: LKQ] shares were valued at $52.18 at the most recent close of the market. An investor can expect a potential return of 24.57% based on the average LKQ price forecast.
Analyzing the LKQ fundamentals
Trailing Twelve Months sales for LKQ Corp [NASDAQ:LKQ] were 13.87B which represents 16.66% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
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 51.66 points at the first support level, and at 51.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.58, and for the 2nd resistance point, it is at 52.98.
LKQ Corp [LKQ] reported earnings per share of $0.84 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.76/share, meaning a difference of $0.08 and a surprise factor of 10.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.86 per share as compared to estimates of $0.96 per share, a difference of -$0.1 representing a surprise of -10.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for LKQ Corp [NASDAQ:LKQ] is 1.47. As well, the Quick Ratio is 0.53, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 2.26 and price to earnings (TTM) ratio is 14.84.
Transactions by insiders
Recent insider trading involved MCGARVIE BLYTHE J, Director, that happened on Dec 14 when 5564.0 shares were sold. EVP and CEO of LKQ Europe, Laroyia Varun completed a deal on Dec 13 to sell 35000.0 shares. Meanwhile, President and CEO Zarcone Dominick P sold 32000.0 shares on Sep 05.
