Are You Looking To Buy LKQ Corporation (LKQ)? First, Read This

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MDVL Stock
MDVL Stock

LKQ Corporation (NASDAQ:LKQ) finished Wednesday with a subtraction of -$0.86 to close at $48.33, a downside of -1.75 percent. An average of 2,004,480 shares of common stock have been traded in the last five days. There was a fall of -$1.25 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 1,558,755 shares traded, while the 50-day average volume stands at 1,430,598.

LKQ stock has decreased by -11.17% in the last month. The company shares reached their 1-month lowest point of $48.12 on 09/16/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $42.36 and a high of $60.43 in 52 weeks. It has reached a new high 1 time so far this year and lost -19.49% or -$11.70 in price. In spite of this, the price is down -20.02% from the 52-week high.


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Insider Transactions

49 days have passed since LKQ Corporation (LKQ) last reported insider trading activity. Mendel John W, who is Director, most recently acquired $1,617 shares at $54.61 per share on Aug 04. In this transaction, the insider spent $88,304. Director, HOLSTEN JOSEPH M, disposed of 70,000 shares at a price of $54.58 on Jul 29. The insider now owns more than $3,820,418 worth of shares. Prior to that, Director ValueAct Holdings, L.P. went on to Sale 5,000,000 shares at $50.35 each on May 17. An amount of $251,750,000 was transacted.

Valuation Metrics

LKQ Corporation (LKQ) has a trailing price-to-earnings (P/E) ratio of 11.51. The stock’s beta is 1.40. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.01, the price-to-book (PB) ratio at 2.43, and the price-to-cash flow ratio at 18.37.

Financial Health

The quick ratio of LKQ Corporation for the three months ended June 29 was 0.70, and the current ratio was 1.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.41 and a total debt to equity ratio of 0.42 for the quarter ending June 29. Its gross profit as reported stood at $5.32 billion compared to revenue of $13.09 billion.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $420.0 million in the quarter, while revenues were grew 27.47%. The analyst consensus anticipated LKQ Corporation’s latest quarter earnings to come in at $1.02 per share, but it turned out to be $1.09, a 6.90% surprise. For the quarter, EBITDA amounted to $627.0 million. Shareholders own equity worth $274.39 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 21 September was 30.76%, suggesting the stock is Neutral, with historical volatility in this time frame at 39.07%.

As of today, LKQ’s price is $49.13 -2.52% or -$1.25 from its 5-day moving average. LKQ is currently trading -11.13% lower than its 20-day SMA and -5.46% lower than its 100-day SMA. However, the stock’s current price level is -4.28% below the SMA50 and -14.54% below the SMA200.

The stochastic %K and %D were 18.20% and 18.24%, respectively, and the average true range (ATR) was 1.53. With the 14-day stochastic at 3.12% and the average true range at 1.44, the RSI (14) stands at 33.63%. The stock has reached -0.99 on the 9-day MACD Oscillator while the 14-day reading was at -1.89.

Analyst Ratings

MKM Partners launched coverage on LKQ Corporation (NASDAQ: LKQ) in its analyst report released on July 13, 2022. The firm assigned the stock a Buy rating. 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 2 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 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 $52.00 and $70.00, with a median target of $65.00. Taking a look at these predictions, the average price target given by analysts for LKQ Corporation (LKQ) stock is $63.56.

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