Analysts Issue Research Notes On LKQ Corporation (LKQ)

LKQ Corporation (NASDAQ:LKQ) finished Wednesday with an addition of $0.82 to close at $53.61, an upside of 1.55 percent. An average of 2,017,300 shares of common stock have been traded in the last five days. There was a gain of $3.78 in the past week. The last 20 days have seen an average of 1,907,955 shares traded, while the 50-day average volume stands at 1,575,040.

LKQ stock has increased by 4.89% in the last month. The company shares reached their 1-month lowest point of $49.22 on 09/20/21. With the stock rallying to its 52-week high on 10/13/21, shares of the company touched a low of $29.60 and a high of $53.17 in 52 weeks. In spite of this, the price is up 0.82% from the 52-week high.


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Insider Transactions

36 days have passed since LKQ Corporation (LKQ) last reported insider trading activity. Divitto Meg, who is Director, most recently acquired $1,800 shares at $50.75 per share on Sep 08. In this transaction, the insider spent $91,350. Director, Hanser Robert M., disposed of 1,386 shares at a price of $48.62 on May 12. The insider now owns more than $67,386 worth of shares. Prior to that, Director HOLSTEN JOSEPH M went on to Sale 70,000 shares at $37.23 each on Dec 09. An amount of $2,605,939 was transacted.

Valuation Metrics

LKQ Corporation (LKQ) has a trailing price-to-earnings (P/E) ratio of 17.22, which compares with the 15.45 for the broader industry and 31.09 for the sector. In the last five years, LKQ Corporation’s PE ratio has ranged between 25.95 and 7.988. The stock’s beta is 1.62. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.24, the price-to-book (PB) ratio at 2.74, and the price-to-cash flow ratio at 12.17.

The quick ratio of LKQ Corporation for the three months ended June 29 was 0.80, and the current ratio was 1.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.40 and a total debt to equity ratio of 0.42 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 40.30% against a 5-year average of 39.0%. LKQ Corporation’s EBITDA margin for the year ending June 29 is 11.69%, while its operating margin for the same period stands at 10.80%. Its gross profit as reported stood at $4.59 billion compared to revenue of $11.63 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, LKQ Corporation’s return on assets was 7.60%, compared to 5.4% over the last five years. In the past year, the return on investment has been 8.50%, and the 5-year average is 7.4%. Meanwhile, the return on equity (ROE) for the past 12 months has been 16.60% and the 5-year average holds at 12.4%. For the broader industry, ROE averaged 10.14 over the past year.

Earnings Surprise

The analyst consensus anticipated LKQ Corporation’s latest quarter earnings to come in at $0.75 per share, but it turned out to be $1.13, a 50.70% surprise. For the quarter, EBITDA amounted to $515.42 million. Shareholders own equity worth $293.88 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at LKQ Corporation (LKQ) price momentum. RSI 9-day as of the close on 13 October was 65.88%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.24%.

As of today, LKQ’s price is $52.64 +7.59% or $3.78 from its 5-day moving average. LKQ is currently trading +1.80% higher than its 20-day SMA and +6.16% higher than its 100-day SMA. However, the stock’s current price level is +2.88% above the SMA50 and +47.89% above the SMA200.

The stochastic %K and %D were 88.16% and 84.49%, respectively, and the average true range (ATR) was 1.26. With the 14-day stochastic at 96.25% and the average true range at 1.23, the RSI (14) stands at 61.47%. The stock has reached 1.08 on the 9-day MACD Oscillator while the 14-day reading was at 1.15.

Analyst Ratings

Raymond James upgraded LKQ Corporation (NASDAQ: LKQ) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a a Mkt perform.The consensus rating for LKQ Corporation (LKQ) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LKQ, while 1 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 7 others rate it as a “buy”.

What is LKQ’s price target for the next 12 months?

Analysts predict a range of price targets between $60.00 and $65.00, with a median target of $61.50. Taking a look at these predictions, the average price target given by analysts for LKQ Corporation (LKQ) stock is $61.90.

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