That’s why I Feel Comfortable With LKQ Corp’s (LKQ) Future

LKQ Corp [LKQ] stock is trading at $41.11, down -0.02%. 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 5.11% over the last week, with a monthly amount drifted -8.89%, and not seem to be holding up well over a long-time horizon.

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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 [LKQ] stock has fluctuated between $35.57 and $54.07 over the past year. Currently, Wall Street analysts expect the stock to reach $57.5 within the next 12 months. LKQ Corp [NASDAQ: LKQ] shares were valued at $41.11 at the most recent close of the market. An investor can expect a potential return of 39.87% based on the average LKQ price forecast.

Analyzing the LKQ fundamentals

LKQ Corp [NASDAQ:LKQ] reported sales of 14.48B for the trailing twelve months, which represents a growth of 7.63%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.12 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.74.

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 40.84 points at the first support level, and at 40.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.35, and for the 2nd resistance point, it is at 41.58.

Ratios To Look Out For

For context, LKQ Corp’s Current Ratio is 1.75. As well, the Quick Ratio is 0.70, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.75, the price to book ratio is 1.77 and price to earnings (TTM) ratio is 14.96.

Transactions by insiders

Recent insider trading involved McKay Matthew J, SVP – General Counsel, that happened on Jul 29 ’24 when 2500.0 shares were purchased. SVP and CFO, Galloway Rick completed a deal on Jul 29 ’24 to buy 2500.0 shares. Meanwhile, President and CEO Jude Justin L bought 2500.0 shares on Jul 26 ’24.

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