Watching LKQ Corporation (LKQ) For Insider Activity

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LKQ Corporation (NASDAQ:LKQ) finished Friday with a subtraction of -$0.57 to close at $53.41, a downside of -1.06 percent. An average of 576,700 shares of common stock have been traded in the last five days. There was a gain of $0.29 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,351,055 shares traded, while the 50-day average volume stands at 1,440,572.

LKQ stock has decreased by -1.69% in the last month. The company shares reached their 1-month lowest point of $52.22 on 12/22/22. 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 -11.03% or -$6.62 in price. In spite of this, the price is down -11.62% from the 52-week high.


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Insider Transactions

LKQ stock investors should be aware that LKQ Corporation (LKQ) stock had its last reported insider trading activity 61 days ago on Oct 31. In this transaction, the insider spent $348,400,000. Director, Mendel John W, disposed of 1,617 shares at a price of $54.61 on Aug 04. The insider now owns more than $88,304 worth of shares. Prior to that, Director HOLSTEN JOSEPH M went on to Sale 70,000 shares at $54.58 each on Jul 29. An amount of $3,820,418 was transacted.

Valuation Metrics

LKQ Corporation (LKQ) has a trailing price-to-earnings (P/E) ratio of 12.75. The stock’s beta is 1.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.09, the price-to-book (PB) ratio at 2.78, and the price-to-cash flow ratio at 28.48.

The company has a payout ratio of 24.30%. The company’s most recent quarterly dividend payment was $0.2750 a share, representing a up of 10.0% from $0.25 last year. Its latest increase dividend $0.0250 reported on Thursday October 27 2022.

Financial Health

The quick ratio of LKQ Corporation for the three months ended September 29 was 0.70, 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 0.45 and a total debt to equity ratio of 0.46 for the quarter ending September 29. Its gross profit as reported stood at $5.32 billion compared to revenue of $13.09 billion.

Earnings Surprise

The analyst consensus anticipated LKQ Corporation’s latest quarter earnings to come in at $0.96 per share, but it turned out to be $0.97, a 1.00% surprise. For the quarter, EBITDA amounted to $422.0 million. Shareholders own equity worth $267.18 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 30 December was 48.58%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.93%.

As of today, LKQ’s price is $53.62 +0.55% or $0.29 from its 5-day moving average. LKQ is currently trading -3.03% lower than its 20-day SMA and -2.04% lower than its 100-day SMA. However, the stock’s current price level is +4.42% above the SMA50 and +13.49% above the SMA200.

The stochastic %K and %D were 35.89% and 38.54%, respectively, and the average true range (ATR) was 1.15. With the 14-day stochastic at 33.81% and the average true range at 1.17, the RSI (14) stands at 49.32%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.05.

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 $55.00 and $68.00, 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 $64.44.

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