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

Currently, LKQ Corp [LKQ] is trading at $38.69, down -0.08%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LKQ shares have gain 0.81% over the last week, with a monthly amount drifted -1.80%, 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.

This stock has fluctuated between a low of $35.57 and a high of $53.68 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $57.5 within the next 12 months. LKQ Corp [NASDAQ: LKQ] shares were valued at $38.69 at the most recent close of the market. An investor can expect a potential return of 48.62% based on the average LKQ price forecast.

Analyzing the LKQ fundamentals

Trailing Twelve Months sales for LKQ Corp [NASDAQ:LKQ] were 14.50B which represents 0.45% growth. 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 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.7.

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 38.48 points at the first support level, and at 38.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.93, and for the 2nd resistance point, it is at 39.16.

Ratios To Look Out For

To put it in perspective, the Current Ratio for LKQ Corp [NASDAQ:LKQ] is 1.72. Also, the Quick Ratio is 0.67, while the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 1.62 and price to earnings (TTM) ratio is 14.33.

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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