The stock of LKQ Corporation (NASDAQ:LKQ) decreased by $0.0 on Friday to finish at $53.66, down 0.00 percent. The last five days have seen an average of 1,122,180 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $0.25. The average number of shares traded over the last 20 days was 1,069,900, while the average volume over the last 50 days totaled 1,176,942.
LKQ stock dropped -8.30% since last month. On 08/08/23, the company’s shares reached a one-month low of $52.72. The stock touched a high of $59.38 on 07/12/23, after rallying from a low of $46.20 in 52 weeks. The price of LKQ stock has risen by 0.47% or $0.25 this year, reaching a new high 12 times. Still, the stock price is down -9.63% from the 52-week high.
Insider Transactions
LKQ stock investors should be aware that LKQ Corporation (LKQ) stock had its last reported insider trading activity 68 days ago on Jun 07. On Jun 07, Director Divitto Meg sold 2,300 shares at $54.16 each. This transaction resulted in the insider making $124,580. On May 09, Mendel John W sold 1,290 shares at a price of US$57.11. After the transaction, the insider now owns 15,800 shares. Director Berard Patrick had earlier sold 968 shares on May 09 for $57.12 a share. The transaction was completed for $55,292.
Valuation Metrics
LKQ Corporation (LKQ) has a trailing price-to-earnings (P/E) ratio of 14.43. Beta for the stock is 1.34. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.11, the price-to-book (PB) ratio of 2.41, and the price-to-cash flow ratio of 15.00.
Company paid $0.2750 per share in dividends, remained unchanged from $0.2750 last year. A $0.0250 dividend increase was reported on Thursday October 27 2022.
Financial Health
For the three months ended June 29, LKQ Corporation’s quick ratio was 1.10, while its current ratio was 2.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.57, and the total debt to equity ratio is 0.67. As far as profitability goes, gross margin for the trailing twelve months is 41.00% percent. LKQ Corporation’s EBITDA margin for the year ended June 29 was 13.30%, whereas its operating margin stood at 11.00% for the same period. Based on annual data, it had gross profit of $5.22 billion and revenue of $12.79 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LKQ’s return on assets (ROA) during the last 12 months has been 8.00%. There was a 14.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 18.00%.
Earnings Surprise
According to LKQ Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.35 billion, while revenues rose by 0.03% to $3.0 billion. It was predicted that LKQ Corporation’s quarterly earnings would be $1.09, but it ended up being $1.09. EBITDA was $477.0 million for the quarter. At the end of LKQ Corporation’s most recent quarter ended June 29, its liabilities totaled 8.19 billion, while its total debt was $5.33 billion. Equity owned by shareholders amounts to $267.56 million.
Technical Picture
Here’s a quick look at LKQ Corporation’s (LKQ) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 30.86%, suggesting the stock is Neutral, with a 13.11% historical volatility rate.
The stochastic %K and %D were 16.77% and 13.37% respectively, while the average true range (ATR) was 0.92. Based on the 14-day stochastic reading of 18.76%, the RSI (14) reading is 35.25%. On the 9-day MACD Oscillator, the stock is at -0.63, and the 14-day reading is at -1.21.
Analyst Ratings
In its analyst report released on July 13, 2022, MKM Partners began covering LKQ Corporation (NASDAQ: LKQ). The stock was rated as a Buy by the brokerage firm. Analysts have assigned LKQ Corporation (LKQ) an Overweight rating. LKQ is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 6 others recommend it as a buy.
What is LKQ’s price target for the next 12 months?
The current consensus forecast for the stock is between $64.00 and $72.00, with a median target price of $66.50. In analyzing these forecasts, the average price target given by analysts for LKQ Corporation (LKQ) is $67.13.
