LKQ Corp [LKQ] stock prices are down -0.87% to $51.38 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LKQ shares have lost -0.19% over the last week, with a monthly amount glided 6.84%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, LKQ Corporation Announces Pricing of €750,000,000 Senior Notes. In a post published today on Yahoo Finance, LKQ Corporation (Nasdaq: LKQ), together with its indirect, wholly-owned subsidiary, LKQ Dutch Bond B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of The Netherlands (“LKQ Finance”) announced today that it has priced an offering by LKQ Finance of €750,000,000 aggregate principal amount of 4.125% senior notes due 2031 (the “notes”). The offering is expected to close on or about March 13, 2024, subject to the satisfaction of customary closing conditions.
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.
The stock price of LKQ Corp [LKQ] has been fluctuating between $41.49 and $59.38 over the past year. Currently, Wall Street analysts expect the stock to reach $65 within the next 12 months. LKQ Corp [NASDAQ: LKQ] shares were valued at $51.38 at the most recent close of the market. An investor can expect a potential return of 26.51% based on the average LKQ price forecast.
Analyzing the LKQ fundamentals
The LKQ Corp [NASDAQ:LKQ] reported sales of 13.87B for trailing twelve months, representing a surge of 16.66%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.16 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.91.
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 51.06 points at the first support level, and at 50.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.81, and for the 2nd resistance point, it is at 52.23.
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
It’s worth pointing out that LKQ Corp [NASDAQ:LKQ]’s Current Ratio is 1.47. Further, the Quick Ratio stands at 0.53, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 0.99, the price to book ratio is 2.23 and price to earnings (TTM) ratio is 14.62.
Transactions by insiders
Recent insider trading involved Zarcone Dominick P, President and CEO, that happened on Mar 01 ’24 when 0.2 million shares were sold. Director, MCGARVIE BLYTHE J completed a deal on Dec 14 ’23 to sell 5564.0 shares. Meanwhile, EVP and CEO of LKQ Europe Laroyia Varun sold 35000.0 shares on Dec 13 ’23.
